Car payments vs buying it out right?

[1sarina]

I’m trying to get some opinions on the matter, I’ve asked some friends and their opinions vary, I figure I’d ask Reddit. I’m looking for a small truck, I think a Toyota Tacoma would be perfect for me (I work construction if it matters) I’m not sold on a Tacoma just yet, but regardless my father is willing to loan me about 20k for the truck, I will put the rest down (10-20k) and I would pay him back via monthly payments, there would be no interest rate. Does this seems like a smart thing to do?

Please Login or Register to see this Hidden Content

Please Login or Register to see this Hidden Content

Edited by 1sarina, 10 May 2022 - 12:19 PM.

[Ueli]

First of all, we all are Happy that you joined the only real car-expertise board in the world. What a pleasure to have you here!  :joduscry:

 

 

If you're sure you can pay-off your father than I would say this is the best way you can go.

[loongday]

Bump ( this thread has been chosen for a free bump. Reasons: Lounge Head )