Tundras live: Dad jokes not allowed and IPA drinkers shunned and hair metal kicks ass

That's pretty high then, but new vehicles always seem to add to the cost of ownership the first 5 years. Maybe WY will allocate some of the tax to stop the wind on the roads up there.

 

Yes.

 

I had a barftastic Red Robin burger for lunch today so by comparison what you ate is health food

 

So you choose to pay the taxes/registration separate and not lump them into the loan?

 

I never lump title and tax fees into my loan.

 

Always.

 

I get the point of not wanting to pay interest on money going to the state.
But if you would of put that same amount towards the principal of the loan in the down payment, wouldn't you be in the same boat financially??
Maybe I'm missing something..

 

Red Robin is awesome. Whiskey River Bbq burger ftw.

 

I would, except the payment is based off the total loan. Keeping it lower keeps the payment lower

 

Why would you want to pay interest on the taxes? To me, that's like lumping your property taxes into your mortgage (assuming you don't have cash flow issues when the taxes are due).

 

Right. It would of been a wash if you put that $2,xxx down at time of purchase to cover the TTL.

 

Let me put it this way, with basic numbers.

Truck is $15k
Tax, Title, License are $2k
Zero down, loan is $15k, you pay the taxes later.
$17k total- $15k loan
Or

Truck is $15k
Tax, Title, License are $2k
dealer handles TT&L
-$2k down
$17k total- $15k loan

Am I going crazy?

 

Sure, but it's a wash to wait and do it now too.

 

Fa show

 

Correct, but dealers frequently fuckup sending a title. Not risking them not sending the tax when I can handle it myself.

 

Ok, so it's financially the same. I've never had a problem getting plates or taxes paid.

What say you @OldGuy03

 

Lemme know if this is what you were thinking...

A larger loan to cover TTR and putting cash towards principal will still have a larger payment, BUT less interest is paid over the life of the loan.

For simplicity, I'll forgo calculating any potential present value loss/gain.

Auto loan for $15,000, TTR paid w/ cash
Total interest = $1,984.13


$17,000 loan to also cover TTR, with $2,000 additional payment
Total interest = $1,728.92

 

Bought this one in state. You can pay the tax anywhere and places like cali require you to pay there.

 

We need someone smart to solve this.

Paging @RainMan_PNW

 

Depends if you put any money down, I guess.

Or What if I was going to put $2k down either way so it's the difference between a $13k truck loan and a $15k truck loan?

 

What happens if you make extra payments? Are your taxes applied to the principle or the interest?

 

That's fine. I still say we need someone smart to confirm their calculations.