Quote:
Originally Posted by tracer
My 2004 truck is going to be paid off in December 2010. It'll have around 500,000 mi.
Do you actually
drive that thing? :lol:
Rev; shouldn't talk. His 2004 only has 210,000 miles on it right now, and will be paid off in July of 2010.
To answer your question, just don't use the fact that it is paid off to justify taking lower rates. Personally, I plan to run mine for a few years beyond the payoff date, then sell the truck and get out of trucking completely. I'll be able to stash away the $25,000 a year I was paying in truck payments, plus the sale price of the truck (minus all applicable taxes, of course), and I'll probably use the money to go back to school, since by that time I will be debt free.