Dude. I've paid something close to $3K in the last couple months on my hoe. Let me teach some basic business owner's finance. The banks won't teach you this in school.

When you make payments on something, you still have to pay for maintenance, you have to pay for full coverage insurance, and you have to pay interest. If nothing breaks on it, you're still paying compounding interest on a depreciating asset, which is mathematically/financially retarded.
When something breaks, and you put money into your truck, it either gains value, or reliability. I pay cash for everything, so I'm not paying interest to anyone, nor do I have to pay exorbitant costs for insurance. In addition, if it were to be wrecked, as much as I love my hoe, I can walk away from it, without any financial risk.
So long as the engine and transmission are sound, you pretty much can't lose by paying cash, and letting your truck break every now and then. Especially if cosmetic things don't matter to you, but you can spend a little more and square that away too, if it is important to you.

---------- Post added at 01:04 PM ---------- Previous post was at 12:22 PM ----------
USAF, Im Power Pro(generators and aircraft arresting systems)
Thank you for serving.
