SD Rebel
Spends too much time on here
Yes, like renting an apartment instead of buying a house. You will never own your truck and payments never stop. It depends on your lifestyle if you always want to be tied to payments, or own something and need to upkeep it. Neither are "wrong" options but are very different ways to live life.
I have the title for my Acadia Denali in my safe and no one can take it away from me, in a few years I will also have my Ram in there.
Absolutely for the most part. But your house will usually will go up in value over time, your vehicle is different, it will never go up in value (with rare exception) depreciating heavily after 5-10 years. You are paying off something that will continue to depreciate during your ownership of it. True, payments never stop if you keep getting new vehicles, but you can keep the transition costs low or next to nothing.
However, you can have both types of ownership. I do love having new vehicles, however I understand wanting to own something forever and also love working on my old stuff. I have the title for a couple of old BMWs, Lexus, and a pair of motorcycles.
Basically, we keep our "sporty" vehicles forever and we rotate our beast of burden, such as our trucks and SUVs.
Last edited: