If you get a 6 year loan on a $35,000 truck at 5% with zero down, over ten years the total cost is ~$63,000. It would be worth about $7,000 in the end (at 15% per year depreciation) with $120k miles on it. Includes depreciation, insurance, gas, routine maintenance, major maintenance (tires, brakes, etc). Assumptions: * you don't pay ahead on the loan, and end up paying $5,584 in interest * truck is driven 10k miles/year * gets 18 mpg * gas is $3/gallon * annual registration is $50 / year (that may be way too low for some states) * insurance is $75/month (you're a good driver without any speeding tickets right?) * oil changes / routine maintenance are on average $100 per year over the 10 years * big ticket maintenance items like tires, brakes, engine service, come to $2,000 over the 10 year period. A new truck would be under warranty at first. Compared to depreciation this is a small part of the picture. Expenses: Gas 140 Insurance 75 Registration 50 Tires 1000 Routine Maintenance 100 Major service 1000 Loans: Truck Loan 35000 Assets: Truck 35000

Jan. 16, 2018, 7:35 a.m.

Jan. 16, 2018, 7:18 a.m.