How much is your truck payment?

[PPEng15]

We created a rule, 20 years ago, that our monthly payment does not exceed $500 (then for 36 months, now we go to 48). We use whatever down payment is necessary to get us there.

The truck was financed at 0.9% for 48, almost free money nowadays.

When we bought the Aviator last year, I made the decision to pay cash for it as the interest rates were high. The down payment would have been really high or we would have an extended finance time frame.
(Plus it just felt good to tell the dealer that I was writing a check, as that was the first time I was able to do it)

I agree that finances should be a required class in school, as parents may not able to teach it. There are so many different options out there, some easy some hard. I have made some mistakes and there are things that I could have done to be further along, but I reviewed risk vs effort and created a path that meets my expectations.

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[Bossharp]

Well..my payment is zero.. I had ordered a 2024 even put down $2,000.00 deposit and was planning on a easy drive from Iowa. But August 8th 2024 I fell and broke my right forearm and ended up in the VA hospital and then in assisted living for weeks. I'm a 100% SC disabled US Navy Vet (loss of use L.arm) and didn't know if I could even get in.. Granger gracusly returned my deposit since my truck had not been built. After I got out I bought a very nice Lincoln Town car. Easy in easy out. But yesterday I bought a 2007 F-150 single cab short bed. Two wheel drive Basically specked like the 2024..Silver power window and locks cruise auto air but the 4.2 Six instead of the 5.0. 100% rust free Florida truck. I'm really Blessed to find one so nice. A very rare truck down here. Most are white..

 

[JCsTruck]

I paid $39,990 for my 2024 SuperCab XL 4x4 with 5.0L V8 engine and negotiated a spray in bed liner for $400 extra ($700 normally) as part of the sale. It was a dealer loaner vehicle with 4,200 miles on it. I also avoided paying the $2000 destination fee and $600 acquisition fee you normally pay when buying new. It was between Christmas and the new year so dealers were more willing to negotiate and they gave be the Ford 1.9% financing for 60 months so I couldn’t pass on this deal. I put $8,500 down including tax and my payment is $628 month so not bad for a $48,600 (MSRP) 4x4 truck with hard to find V8.

My goal was to keep the purchase price under 40k and still get the V8. Originally I wanted a RCSB truck in Antimatter Blue (really hard to find) and I found two but they were 2wd trucks and I didn’t like that Ford made the cab smaller than my 2014 RCLB truck so I started looking at SuperCabs.

Its tough around here to get a deal on a vehicle like this. I know the sales guy and he says he is amazed at how many people come in and just write a check for a $70,000 truck. Recently I learned that Massachusetts has the highest cost of living in the continental USA, even more than California and NY. I need to get out of this state as soon as my kids are done with school.

 

[TopOMichXL]

So, no one interested in mentioning their payment, I see?

 

[sbi]

So, no one interested in mentioning their payment, I see?

Around $970 a month. 0% for 60 months back in 12/21. Zero down payment other than the initial Granger's $1000 deposit. I had the money to pay cash, but with 0% for 60 months, why would I?! It's basically cash, spread over 5 years.

 

[Popplemer]

Around $970 a month. 0% for 60 months back in 12/21. Zero down payment other than the initial Granger's $1000 deposit. I had the money to pay cash, but with 0% for 60 months, why would I?! It's basically cash, spread over 5 years.

I wish! When I got mine from Granger Ford was only doing 3 year 0%. My payment is more than the rent on my last 2br apartment before I bought my house. Happy to be finishing my payments a few months early though!

 

[Buyer2021]

So, no one interested in mentioning their payment, I see?

My 2022 Lariat 500A was 36 months @ 0%APR w/only Granger $1000 deposit as down payment = $1.468.31/month.

No worries for me, I had the full amount in an interest-earning account, the declining funds used to buy the truck earned about $5k over the term of the loan.

Fully paid off earlier this year, exactly on schedule.

I can't imagine why anyone would pay-off a 0% interest loan 'early'?

 

[Kritas]

I was prepared to pay cash, but the dealer offered a $3k discount if I financed the truck and made 3 payments. I put $10k down and the payments are $462 per month. In January I'll pay the balance and will have saved $3k. The games we play...

 

[Ford blue blood]

Down was $58,000 plus rebates and trade. Payment $0.00

 

[EDRCSB]

my payment is only $420 but I traded my mustang for it. If I didnt it woulda been $800 some

 

[Elevatorman]

Here's the newest trick theyre trying to get you with. So we all know theyll try to mark up your buy rate and give you a sell rate (get pre-approved for your own financing to stop that). I was suprised when the dealer didn't mark up my buy rate (percentage rate). Hmmmmm. But they were offering 90 days deferred payments as standard. For everyone. Out of the goodness of their hearts. No. Because it screws you on interest! When I told the finance manager I didn't want to defer at all, my payment went down from 560 to 530 a month. NOTHING else changed. Just don't fall for their deferral tricks!

 

[JoeInPI]

$40k cash down, $335/mo through my credit union. "Normal" truck payments with 10% or so down are OUT of CONTROL. Pretty much all vehicle payments are out of control. Leased a 2025 Escape ST Line Select w/ pano roof- $490/mo lease. Ridiculous.

 

[TopOMichXL]

Okay, I guess I should play along.
Traded my 2019 RCSB 2.7 4x4, got 22,000 trade. Owed around $1500 on it.
I applied $1000 down on my 2024 RCSB 5.0 4x4. $396 a month. 60 months.

 

[bkohn2]

Paid about $66K plus $2500 for ESP for a 2024 Lariat 502A from Granger. Borrowed $24K at 3.9%. Payment is $442 for 60 months. Sold my 2011 Lariat with 192K miles for $8K and used that to pay taxes and licensing.

 

[jkosh22]

Bought a 2021 Lariat 5.0 6.5 ft bed last December with 77,000 miles. Put 6500 down, was paying 578 a month at 6.9% through my credit union. Paid off last month after selling our house. I don’t think I want a payment ever again.

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