Whats your combined vehicle debt? - Chevy and GMC Duramax Diesel Forum
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Old 11-13-2012, 03:00 PM   eBay Motors  #1 (permalink)
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Whats your combined vehicle debt?

How much total debt do you owe on vehicles at this point.? I'm just curious at the moment I have 13000 left on dmax and 15800 on wifes camry. I feel as tho I have to much debt.. where you guys at. ? Mine totals out to 28800.
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Old 11-13-2012, 03:18 PM   eBay Motors  #2 (permalink)
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I have about $13,500 left on my dmax. Happy thats the only debt i have at 21.
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Old 11-13-2012, 03:20 PM   eBay Motors  #3 (permalink)
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Only have the dmax and owe less then 10,000. My live in girlfriend has a 2009 versa that's paid off. I plan on trying to pay off the truck in 2 years or less so I can finance a more practical daily driver. I'm sure there is a ratio of debt to income that would be a good guide line but have no idea what it would be. I'm comfortable with the what I consider to be a little bit of debt that I have.


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Old 11-13-2012, 03:22 PM   eBay Motors  #4 (permalink)
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My truck is paid for in cash. My wife and I started many years ago after buying our first vehicle. Once it was paid off we kept making payments to ourselves. When it was time for a new vehicle we were able to pay cash! My last 6.5 diesel I drove for 12 years. My stepson is still driving it today.
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Old 11-13-2012, 03:23 PM   eBay Motors  #5 (permalink)
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With 2001 Mercedes, 2007 Prius, and 2011 Duramax our total debt is $0.00. We pay cash which saves us more than 10% on the cost of buying a vehicle. We will keep the Mercedes for another 5 or more years, the Prius at least until the battery warranty expires at 150,000 miles, and the truck for at least 5 years.
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Old 11-13-2012, 04:21 PM   eBay Motors  #6 (permalink)
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Pay cash = become wealthy. (not that I didn't have my stupid days of financing)
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Old 11-13-2012, 04:24 PM   eBay Motors  #7 (permalink)
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Owe$ 9,000 on the truck and the wife's nissan murano has $1,000 left then that sucker is paid for.
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Old 11-13-2012, 05:32 PM   eBay Motors  #8 (permalink)
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My trucks (and cars) are all paid for.
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Old 11-13-2012, 05:42 PM   eBay Motors  #9 (permalink)
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My truck is a business vehicule, so all expenses, including the loan are covered by the business Our personel cars are all paid for.
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Old 11-13-2012, 05:42 PM   eBay Motors  #10 (permalink)
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I have about $20,000-$25,000 left until I pay my truck off.
After I pay it off im gonna buy a 78 Oldsmobile Cutlass Supreme. I had a 78 Oldsmobile Cutlass Supreme (handed down to me) & Id like to turn it into a lowrider.
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