4 ms·
> A truck will cost you what, US$ 50k? I paid $600 for my first truck back in high school, drove it for a couple years, and received something in the ballpark
by coffeecat 5y ago
> A truck will cost you what, US$ 50k?
I paid $600 for my first truck back in high school, drove it for a couple years, and received something in the ballpark of $100 from the scrapyard I sold it to in the end. In the current market where I live, ~$3k can get you a truck with no mechanical deficiencies and a few years of life remaining. Financially, I wouldn't advise anyone to shell out $50k for a new F-250, but some people enjoy saving money and others enjoy shiny new vehicles.
There's nothing wrong with buying $3k worth of VYM instead, and using the dividends to subsidize your rental truck costs. It's probably the better decision if you move things only 1-5 times per year, no maintenance obligations, and more free space in your driveway. If you move things more frequently than that, you enjoy the buying process, and you dislike the complexity of renting, then the calculus reverses.