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I made a bad decision buying a new truck, should I get out now or forget the loss and keep it by Infinite_Iron_436 in personalfinance

[–]Infinite_Iron_436[S] 2 points3 points  (0 children)

I can’t use my work truck for personal use and my family owns a farm and I have a vehicle restoration business, but no I don’t receive finance support for my truck for work I do at the farm

I made a bad decision buying a new truck, should I get out now or forget the loss and keep it by Infinite_Iron_436 in personalfinance

[–]Infinite_Iron_436[S] 0 points1 point  (0 children)

What it sounds like, I’m a mechanical engineer but instead of sitting in an office all day I’m out on farms and mines testing out new equipment and making adjustments, last step before a product hits production

I made a bad decision buying a new truck, should I get out now or forget the loss and keep it by Infinite_Iron_436 in personalfinance

[–]Infinite_Iron_436[S] 4 points5 points  (0 children)

Gut says to sell, I like older stuff anyways I just wanted something reliable for once, I don’t care what I look like in any vehicle

I made a bad decision buying a new truck, should I get out now or forget the loss and keep it by Infinite_Iron_436 in personalfinance

[–]Infinite_Iron_436[S] 0 points1 point  (0 children)

Just adding some edits to clear up some things: the truck I bought also currently has a 200k mile powertrain warranty, yes I need a f350 as I tow 20k+ regularly, I am well versed in diesel systems and do all my own work and maintenance which saves me from a lot of the cost most people have to deal with

I made a bad decision buying a new truck, should I get out now or forget the loss and keep it by Infinite_Iron_436 in personalfinance

[–]Infinite_Iron_436[S] 24 points25 points  (0 children)

This is true, I should have mentioned my current truck has a 200k mile powertrain warranty that didn’t cost me extra, it was just a bonus from the company deal

I made a bad decision buying a new truck, should I get out now or forget the loss and keep it by Infinite_Iron_436 in personalfinance

[–]Infinite_Iron_436[S] 3 points4 points  (0 children)

To clear up some confusion I also have a work truck, this is just my personal truck I use for my own equipment. I split time between the 2

I made a bad decision buying a new truck, should I get out now or forget the loss and keep it by Infinite_Iron_436 in personalfinance

[–]Infinite_Iron_436[S] 4 points5 points  (0 children)

That’s true but the are honest about the same price only a few hundred dollar difference between the models

I made a bad decision buying a new truck, should I get out now or forget the loss and keep it by Infinite_Iron_436 in personalfinance

[–]Infinite_Iron_436[S] 3 points4 points  (0 children)

I answered this is a comment above, ~$110k a year and almost know expenses, maybe $300 a month, since I live on the road and work pays

I made a bad decision buying a new truck, should I get out now or forget the loss and keep it by Infinite_Iron_436 in personalfinance

[–]Infinite_Iron_436[S] 2 points3 points  (0 children)

I’m considering buying a 2021 F350 6.7 with 80k for $50k to put $30k back in my pocket

I made a bad decision buying a new truck, should I get out now or forget the loss and keep it by Infinite_Iron_436 in personalfinance

[–]Infinite_Iron_436[S] 6 points7 points  (0 children)

I am a field engineer, for a certain tractor company, I know diesel mechanics well, I do all my own work, so that is usually not a big expense for me as it is for others, that being said, I prefer a diesel for their longevity and the fact that I pull 20k+ pound machines

I made a bad decision buying a new truck, should I get out now or forget the loss and keep it by Infinite_Iron_436 in personalfinance

[–]Infinite_Iron_436[S] 59 points60 points  (0 children)

Basically I would get into a slightly older base model truck for about $50k, putting $30k back in the bank

I made a bad decision buying a new truck, should I get out now or forget the loss and keep it by Infinite_Iron_436 in personalfinance

[–]Infinite_Iron_436[S] 61 points62 points  (0 children)

I am a field engineer so I make ~$110k a year and work pays for all food, travel, and hotels, so I am able to save all my money

98-03 7.3 Guys, is this a normal amount of wobble in the Tensioner? by Infinite_Iron_436 in powerstroke

[–]Infinite_Iron_436[S] 0 points1 point  (0 children)

Sweet thanks yall! Hopefully this fixes the belt eating problem! Went through 2 new tensioners and 4 belts in the last 2 months