New Pickup Truck Payment Does NOT Matter

[@wd8085]

This video is Financial 101 of how not to make decisions for future planning. Keep your vehicle for at least 15 years and retire early. Trust me folks, material items get boring and lose excitement very quickly which usually turns into buyers remorse.

[@RossMalagarie]

Take how much you pay for one month for your home loan, then multiply that by the 3, then take that number and divide by 12. Then pay that amount extra every month toward your home loan, make a note on the electronic payment saying the extra is to go all to the principal. You will be paying 3 extra notes a year and it will make your 30yr home loan into a 12yr home loan and then you are step 1 into being able to retire early. My dad retired at 58yrs old and all his coworkers asked him how he was able to retire early and he said, your bills make you work, so pay off your bills and you don't need a lot to pay off your bills each month and to enjoy the lifestyle you want. I built my 16'x24' tiny home in 2012 at 32yrs old and then added to it each year and continue to do so. It was paid cash $25K when I built it and now I am scheduled to retire at 47yrs old with 25yrs in my firefighter career. Because no wife, no kids, no child support, no alimony, no palimony, and I paid off my motorcycle. Keep your bills low and you don't need a lot to live. My house is 480 square foot living and 1800 square feet total with a huge screened in porch, carport, fire pit awning, shed, and fenced in courtyard . This year i'm doubling my screened in porch and adding an outdoor shower and heated, jetted, free standing tub to the porch overlooking my firepit and backyard. Next year i'm making a 20'x20' covered outdoor kitchen. Every year I do one house project with my savings account. I will add on to it from 2012 to 2027 so 15yrs of add ons/projects then I will get a 21' long utility trailer and make it into a custom toy hauler RV to tow my motorcycle with to travel the country about 4 times a year doing about 4-6 weeks camping, riding my motorcycle all day, coming back to the camper, cooking, eating, enjoying bourbon by the fire pit and having friends come with their campers too and seeing the country. Hopefully at 47yrs old in 2.5yrs. You can't buy a new truck every 3yrs, get the biggest house the bank will allow you to have, have a boat, RV, and so on and retire early unless you inherited money. But for a firefighter with only 1 job and I NEVER take overtime, retiring at 47yrs old is DANG good. Your bills make you work.

[@joeetlinger3423]

Whats he's saying is whether you buy new or used, and keep for 3 years or 15 years, all that matters is the total cost of ownership, which for a 3 year old truck bought new, will be his buy price minus the private sale price. Holding onto it longer, beyond the factory warranty period, will include buy and sale price, and non routine maintenance and repair costs. The advantage of Jason's model is he's always driving a newer, reliable vehicle. The downside is, you have to take meticulous care in order to get top dollar for your private sale, and deal with a lot of tire kickers until you find the right low information buyer who will pay nearly the same amount for your 3 year old truck as what you paid for it brand new, because said buyer does not know how or where to buy new vehicles at a discount.

[@LibertyOrD___h]

Bought my 03 suburban 4 years ago and paid $4k, after 60k miles and a fuel pump replacement it’s still worth $4k…. In another 4 years it’ll be worth about $4k 🤣

[@raymond_sycamore]

My truck is 30 years old and my car is 22 years old. Nobody cares

[@KG-kq9tk]

This comment is an example of "why hearing comprehension 101" is so important. You didn't even watch the video or listen to what he said.

[@jamesh1641]

If you are payment conscious you should not be buying a new vehicle. Period. Stay home. Drive a cash car. Get your finances in order.

[@GRANTKEEL]

This assumes people want to buy and sale a truck every 5 years. I wanna buy a truck and drive it 15 years.

[@is6566]

There was a video for you just yesterday. 😃

[@uploadtime1780]

I'm thinking those days are coming to an end with all the gadgets and proprietary crap on the new vehicles

[@GRANTKEEL]

@@is6566 yea I saw it. I watch all of Jason’s content. Fortunately for me I’m a 10k mile a year driver 👍🏻

[@GRANTKEEL]

@@uploadtime1780 you’re right. I think keeping yearly mileage low if possible and proper maintenance will help these trucks last. When I get a new truck I plan on keeping my old one as my daily work truck (I work at a stinky paper mill lol). Then use my new truck for my running around town/roadtrip type of ride. Should help keep the miles low on the new ride.

[@uploadtime1780]

@GRANTKEEL Sounds like a good plan. I just put my xterra in storage as we live in a winter climate state and aren't putting much on it a year anymore (5k) I have a sedan for most work commutes, set up with winter tires, when necessary. And I have my pickup for all the projects I do, the dogs, dirty loads, towing, etc. My wife has a car as well for all her driving. I put about 35-40k a year on my stuff so I'm hoping I can keep this truck for some time. One of the forums I was just on for the Titan were sharing their odometers.. lots of 400,000 a 627,000 odometer showing up there gives me long term hope. I hope yours works out and it sounds like it will.

[@gampy5445]

New cars and trucks are such a poor purchase. I prefer food with my meals. Unless it is a total business write off it is a loosing proposition. Especially the new crap computered to oblivian. Glad you enjoy dealer lots ( i dont ) but entertaining it is. Happy Thanksgiving to all, especially the folks without a HUGE vehicle payment 😁

[@itsallminor6133]

😂

[@johnfink9020]

​@itsallminor6133 some people can afford new vehicle payments.

[@ronhaynes1532]

Jason, I watch every video you put out. I have learn soooooo much! This video in particular. I called the dealer and talk to him about a Z 71. Offered him a price. He told me I was about crazy. I said you know I do the work I’ve learned from videos. I know what these trucks can sell for and what they can discount them for I figured all the stuff out. Now he’s emailing me back to come down and look at it and told me my price wasn’t ridiculous. This world wasn’t so crooked. We’d all be in a good spot. Thank you for all you do on your videos. 👍🏻

[@jdgreen214]

Exactly I'm trying to wrap my head around how I bought a used 2012 camaro in 2012 with 12k miles and then a new jeep wrangler unlimited x games edition for 42k and my payment between both was 1268 a month which I paid both off years before the full term of the loans.

[@Jason-Samko]

Outstanding. Glad you put him in his place and he came back to reality when he realized he could not play you. Knowledge is power and they hate customers that know stuff.

[@ronhaynes1532]

@ Happy Thanksgiving to you & your family. 🦃

[@Jason-Samko]

@ronhaynes1532 happy Thanksgiving to you as well

[@Crab44]

100% agree; however, something tells me that north of 80% of people who buy those trucks have no business spending the money they're gonna have to fork over each month to keep them.

[@kirkdunn1379]

I would say its opposite for HD segment......I would say your theory is true for any vehicle not just trucks....there tons of fleet trucks on the road that make up a huge percentage of sales... you can get away with a base model in any vehicle, but people will never do it......they have been a status symbol for as long as they have been around there are alot of people with disposable income, alot more than most think its a free country and its your money.....buy whatever the F you want, what the next person does is none of my concern......

[@johnfink9020]

​@@kirkdunn1379exactly. The people bitching about high vehicle payments are the people too broke to afford em.

[@YankeePatton]

Anyone that buys a 2-wheel drive pickup should absolutely make sure it has a locking rear differential.

[@mrmichaeltscott]

And a winch.

[@BillLaBrie]

Really helps when taking your ball to league night in Tampa.

[@Sandshredder2]

Or not buy one at all!

[@Jojo-ot3sv]

Mines has a dif lock and I’m pretty happy with it

[@texasaggieproud]

Yep. 4x4 is actually rarely needed when towing other than winter weather. Been pulling a fifty five hundred pound boat for twenty years with no issues.... ever.

[@Anomic-mo9ji]

My 2005 has been paid for many years ago. 3 grand in parts this summer, my wrenching and it's good to go for many more years.

[@timkis64]

i never needed 4 wheel drive in my life.a limited slip differencial & properly placed & secured weight on blizzak tires, im good up to about 12 to 14 inchs of snow.if its any worse than that i dont need to be out in it anyway.its worked ok for 34 years.

[@shanemedlin9400]

I've needed 4x4 a million times. Mud, deep snow on the interstate, steep hills, back roads, vehicle recovery, hunting, plowing snow, trailer hauling in mud or snow, on and on. Ever since the 1980s, I have found the front wheels pulling to be indispensable.

[@robertfootball1]

What pisses me the F off is they won’t give a price over the phone or email, but when you get there they have added $4995 of crap to the truck land claim “we can’t take it off”. Why not tell me that before I drive a damn hour!? I leave bad google reviews of these dealers and expose them and they blow up my phone afterwards begging me to take it down lol

[@CS-zz2bf]

I have never had that problem. If the dealer isn’t transparent via email or text message I would never drive even 5 minutes

[@robertfootball1]

@ I’ve learned that the ones who won’t be transparent over phone or email have something to hide. Particularly an addendum sticker they’re embarrassed about.

[@Jason-Samko]

Yep i always have a buyers agreement done before I leave the house. I would find another dealer.

[@briancavanaugh7604]

We had this happen to us on Saturday. We were happy with the listed price online and decided to purchase. They had added a spare wheel lock and that BS paint protection. $550 in total of add-ons. Told them "Deal breaker." Sales argued the value of the paint protection and talked about sun spots and blah, blah, blah. I told him my parked outside in WI its whole life 2003 Dakota does NOT have said spots. So I asked him if 2003 Dodge used better quality paint then modern Ford does????? Stated we will walk over this....................they dropped the add on fees. If they want to loose a sale over 500-2000 of BS let them. ALWAYS BE WILLING TO WALK.

[@my1vice]

I remember when nobody knew about the back end profits on a car deal.... Before the internet, of course. I like your content, good job.

[@Jason-Samko]

Yep crazy how much dealers got away with before the internet!

[@music-writinglife1813]

The way to use the Payment as leverage... Know what the payment will be by checking before you walk onto the lot.. And use the payment to make them give you a better deal..How? You stick to your payment...If you know your payments will be $400 go in and tell them you will buy today for $350/mo and stick to it even if it means walking away to another dealership, getting up to leave is powerful when they know your a qualified buyer. But the key is making them work to make the deal at the $350... Being a payment buyer works when you know how to work it...

[@benblakeney7418]

100% agree! The payment is a byproduct of the price. If you do your budgeting before you shop, you can figure it all out and then just focus on the OTD price. Eliminates their games. For financing, shop at your local bank, credit union, and/or insurance company before you go shopping for your car. This allows you to know your best interest rate. Once you have the OTD and they send you back to the finance manager, you can tell them your interest rate and see whether they can beat it. If you're doing a new car, sometimes the OEM will offer subverted rates to help move a car.

[@Jason-Samko]

@@benblakeney7418 100% spot on

[@dustincollins16]

I'd consider a 2wd canyon or colorado for around $25k. Now way in hell people want to pay insane 41k for 2wd

[@mrt3206]

Any midsize truck that is 2WD that is sold should never have a MSRP over 35k, after discounts and negotiating you should be out the door under 30k, they are literally the most useless vehicles in 90% of the US, it is baffling that places it snows even get them for inventory🤯💀 I agree you should never negotiate a payment because dealerships will absolutely mess around with the Buy Rate. The difference between a buy rate of .0235 and .0310 is a massive difference. Ask for the best OTD price and ignore any question that has to do with “what payment are you looking for” because dealers will make it so that you get that payment even if you could have gotten it for cheaper they will screw you everytime if you’re a payment first shopper.

[@brandonedwards9812]

I went from a Santa Cruz, my first ever "truck" to a Colorado trail boss. My payments are 50 percent higher but I'm 100 percent happier.

[@Jason-Samko]

Very nice!

[@XXMUZZELFLASHXX]

Nope. Get the loan from your bank yourself, don’t give the dealer any information you don’t have to. Negotiate on a price, then tell em you have a trade in.

[@CoinFlipLunatic]

I just recently picked up a used Silverado Custom TB 5.3l for $30k total out the door. You have to hunt for the good deals and negotiate the price, I had two dealerships competing for my business on the same year and model truck and I got a fire deal on a Trail Boss w only 20k miles

[@Jason-Samko]

Very nice.

[@phaseboundary5323]

When you buy on time you are paying for the vehicle plus interest. When you instead save for your purchase you are earning interest, not paying interest. Don't get on the monthly payment treadmill, it is the road to poverty. Pay cash for a beater as your first vehicle, then make "payments" into your high-yield savings account over the life of that beater to have the cash for its eventual replacement. Continue that process over your lifespan and you will be so far ahead of the interest paying losers.

[@CS-zz2bf]

100% agree with this, and anyone who leases vehicles (I have leased a lot of vehicles over the years) you never say I want my payment to be (fill in the blank). Contact the dealer, ask what the current residual is on the car for a 12k/36 lease and what the money factor is and what bank those quotes are through. that’s all you need to know…. With leases a lot of people don’t understand how it works and focuses on monthly payment and also don’t understand the residuals and money factor differ from bank to bank. The sticker price is always negotiable

[@Jason-Samko]

Very true

[@jlautomotive6349]

Another great video and some really good advice!!🤙

[@Jason-Samko]

@@jlautomotive6349 thank you

[@danejohnson8430]

Carbuying 101. Great lesson to learn! Thank you!

[@Jason-Samko]

Thanks

[@johnhinant970]

Research before you buy something with recalls waiting on it after it is purchased.

[@craigfuqua4519]

Exactly. Purchase price minus residual value when you sell gives you a good idea on value.

[@Jason-Samko]

100%

[@phillyfathead]

Ur correct!! The final price that you get the vehicle for is first and foremost the most important then the monthly payments comes in a distant second , great advice if ppl listen!!

[@itsallminor6133]

Unless it gets repoed

[@phillyfathead]

@@itsallminor6133 ur missing the point of the video as most ppl do!

[@bobcook8576]

Super sound advice. Interest rate and term need to be the lowest possible.

[@Jason-Samko]

Agree 100

[@munch2048]

Get the put the door price of the vehicle first then work the numbers to get your payment . To buy a truck these days you need to put a big chunk of money down or have a trade in .

[@jasons5607]

Wow i never knew a dealership can up sell a percentage rate and make money off a check from the bank!!! That seems against the law. Great content

[@Jason-Samko]

@jasons5607 i believe the law states dealers can do upto 2.5%

[@jmfut]

So happy I save and buy used cars. Never buying new and putting myself through this.

[@JustAverageJeff]

It matters when you have bad credit lol. Almost double the monthly payment compared to someone with 720+ credit score.

[@texasaggieproud]

Listen to this man. He is correct. And it is EXACTLY how I have been buying vehicles for years.

[@robedmund9948]

What I can afford versus what I'm willing to pay are vastly different numbers. And that's for the OtD price. I don't make payments on depreciating assets. Learned long ago that was a part of the definition of POOR.

[@richvangorder3900]

Bought a first yr 250 Tremor 7.3. Paid 55k. Drove it 3 yrs and 31,000 miles and sold it for 54k. Cost me 1 grand over 3 yrs. Then bought a 23 Ram laramie loaded. Negotiated 18k off that.

[@Jason-Samko]

Outstanding on both

[@6548ww]

When the average car payment exceeded $600 a month, I was done with buying a new car

[@Whiskeybende]

Just like credit. I already know my credit score before I set foot on a lot. What i want from them is interest rate because I already know what my interest rate is from my bank and as soon as they run your credit that's a ding on your credit.

[@Jason-Samko]

Exsctly

[@michaelmclovin5098]

Again, there is very little value proposition in buying any new vehicle today, regardless if you can get "a good deal." There is a new administration coming, their first order of business is going to be taming the inflation monster, tackling the debt, rolling back CAFE/CARB regs, etc. Unless you're desperate, I would wait 2-3 years before even considering buying a new vehicle.

[@MikeR55]

Agreed, that's a good tip. Only intelligent people will do it. Sales people know there is a sucker born every minute but not near as many smart shoppers. Next few years should be intersting as you said.

[@TS-KDMF1777]

I would take a 2wd in a heart beat. My dad had a 2wd Silverado for 24 years and never needed 4wd. This stigma that you can only drive/own a truck if it’s 4wd is ridiculous. If your lifestyle doesn’t require 4wd, don’t buy one.

[@gaurd3]

2WD trucks don't make any sense to me. Its a "truck"

[@Villani_AV]

A truck doesn't need to be 4x4 to be a "truck" in fact the most truck of trucks (class 8 trucks) are almost all just rwd.

[@anthonyrowland9072]

Most trucks ever made were 2wd. 4wds weren't really mainstream until the 90s.

[@andrewcarr2416]

A two wheel drive truck is like buying a bicycle with one wheel.

[@marcomolinar1926]

Very helpful. Thank you! 🤟

[@beepak8902]

I think as long as you pay your home bills , invest 15 or more % of your income into investments have a rainy day savings funded you got all that covered first ... then u can see what type of monthly payment fits into your budget after all that is taken care of from there. And yes focus on the OTD price soley. Use calculators yourself to figure your payment from the OTD price .

[@ricomartin8720]

I hate to say it!, but most dealerships are just plain crooked! It's a big show and let's not even talk about the so called warranty! They sell your a high priced rob you warrantyhthat covers nothing! Lastly the treatment they give you once you've bought a 50.000 dollar plus vehicle is just Horrific!, as long as your buying a vehicle that has a factory warranty your okay until it runs out and you purchase a so called extended warranty! You are screwed!, and they are constantly running in the ground buy American! When it comes to customer service and treatment from my experience Toyota has been the best bar none! You don't even have to buy a car off their lot and they still treat you like you bought it from them regardless of any warranty! Thank you

[@recyclespinning9839]

The truck payment doesnt matter. A tradesman needs to buy a work truck cash so he actually can go to work with peace of mind. $30k cash at most. He also needs a good reliable truck. Trucks today have AFM problems that break the engine.

[@n0xxm3rcyxx]

They always give you the run around with the OTD price... they always try and save that for last last last.

[@Jason-Samko]

True

[@DavidRego-wn4lz]

Jason talks it like he walks it This is straight talk.

[@Jason-Samko]

@@DavidRego-wn4lz thank you. I'm sure aome won't understand. But many will

[@jimmulderig743]

Good advice

[@The_Real_Indiana_Joe]

Chose no payment, then the only thing that matters is the out the door price.

[@Whiskeybende]

I've walked away from sales people who won't tell me the total price. They just want your payment number so they can mess with you

[@Jason-Samko]

True

[@davila3989]

Man thank you for this one buddy

[@Jason-Samko]

@@davila3989 very welcome

[@Kidbako1]

You only live once and you can’t take it with you. Some people view a vehicle as a point A to B utility thus driving paid off fixers myself I like the better things and can afford. Maybe there’s better investments but really that’s objective. If I can pick up more tail driving nicer I see that as a value.

[@Jason-Samko]

Same

[@kirkdunn1379]

its just a tool on how you want to payoff the vehicle....I choose high payments, short term, and lower interest.....done in 3 years and pay least amount of interest, double them up even at times Ive never looked at payments as anything else but how fast can I pay it off and interest rate..... trucks are a necessity, make me money and are writeoffs...... not everyone fits this category but I see so many videos of guaging peoples ability based on truck payment and it simply isnt always true...... use the total purchase price and use loans as a tool to pay it off the best way it makes sense to you its absolutely ridiculous to not know what the vehicle is going to cost before you ever set foot into a dealership.....you should already know all the pertinent financials ahead of time....

[@Jason-Samko]

@@kirkdunn1379 agree 100

[@RF-cz4ln]

Thanks buddy

[@XXMUZZELFLASHXX]

Hard to get inventory lol 😂

[@Tommyt212002]

Payments can change, you can refinance. The final price is final it cannot change. Give me the final price.

[@gaurd3]

97,895 for a Silverado EV LMAO. The EPA set these manufactures up. Ain't no way!

[@anthonyrowland9072]

Have you not seen the prices for gas ones?

[@luisem214]

Very informative sir thank you.

[@Jason-Samko]

Glad you enjoyed it

[@dwightengle8802]

I pay cash every time.

[@kevtrevtuff11]

I like watching your videos but we are a pay cash for your vehicle family. We drive modest vehicles all under $40 but paying interest and financing for years and years to drive more amazing vehicles doesnt seem smart. You leave out ttl and interest in your figures of how much it cost u.

[@mrtrippn476]

Pretty sure most folks don't just have 50k cash laying around to blow on a vehicle but if you got it, sweet!!

[@1970sRacing]

unless you have 1 million plus in the bank or own a business, you NEVER buy a new truck

[@pv9321]

Let people learn! Making purchase they really can’t afford! 😂

[@CoyoteWoods-fm3gj]

Payment does matter 75 percent of americans finance there vehicles.

[@is6566]

What he means is that monthly payment could be anything on the same purchase price. Payment depends on at least a dozen variables. Don’t focus on payment, focus on the purchase price and fees.

[@Jason-Samko]

@is6566 spot on.

[@dominica2765]

You’re not understanding what he’s saying

[@phillyfathead]

Dude wake up and listen to what he is saying!!

[@Excel812]

Low IQ comment

[@mattcureton]

Make sure you add in the cost for new lifters/cam and an extra transmission rebuild with those new Chevys. Lol. I’m a Chevy guy and my newest truck is a 02’. Paid for an fixable

[@Drake-b6i]

Ummm 🤔 HELL YEAH IT MATTERS ..! Anyone who buys a new truck are only contributing to the greed of these companies.!! MAKE THE COMPANIES LOWER THE PRICES .!!

[@666dynomax]

Wat too many people get hung up on payments. Terrible way to live

[@Jason-Samko]

Agree. But I understand how important payments matter to most of the country today. And that's why dealers take advantage of them. Witch is why I made the video

[@paulbritton1436]

The grocery store has hundreds of kinds of weirdo ice cream They stock 2 cartons of French vanilla that are usually gone Who does the ordering?? Quit building 2wd if they don’t sell as well

[@mckinneysoutdoorservice1231]

CROOKS JUST LIKE BANKS

[@Chris-vd8sk]

💯💯💯

[@familydad3241]

🐐

[@nickorozco5933]

Loan debt. Enjoy your monthly payments 😂 America is bankrupt

[@Goodiebar18]

They call this the “out the door” price

[@Jason-Samko]

@@Goodiebar18 otd

[@johnnyfreeman1018]

Also known as in the back door price 😮

[@tg8150]

This video contains some of the worst financial advice- ever! The payment DOES matter! The payment hinges on rate and term. Do NOT buy a new vehicle, that's theeeeee worst financial mistake you can ever make. Especially on a Chevrolet or GMC, some of the worst vehicles produced today and whose value will depreciate 1/3 when you drive it off the lot. Don't do it.

[@is6566]

🤦‍♂️

[@garysarratt1]

You should watch videos at least 2-3 times before commenting.

[@ericpratt-d4b]

$$$$$$4$4 "New Pickup Truck Payment Does NOT Matter"/// What a Xtupid comment. So the answer is .... 96 months is the cure. Yes they know how to screw you. People, this is a wasted you tube. These Toys are WAY over priced. Wait for GM to go bankrupt.

[@gk5891]

He's making the point by telling them a payment it's a license to screw you. You should already know what interest rates you can get and how that relates to price and term. Best I can do right now is 11% off on an ordered 2025 and about double that on a left over 2024. The market is not sending me a buy signal.