To my understanding, till your truck is paid off, you can claim your monthly truck payments as an expense on your tax returns, and to that extent your tax burden is decreased. But what happens after your truck is paid off, and you can no longer claim your truck payments as an expense ? Do you end up paying more taxes ? Would it, in that case, make more sense to buy a new truck to claim the tax deduction on truck payments, and not pay higher taxes ?
Basically, at the end of the day, which of these scenarios would leave you with a higher take-home, everything else being equal ?