First of all congrats! That's a pretty big accomplishment for someone your age. I'm a couple years older than you at 21, hows your insurance?
youngest 2007 tundra owner
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She won't mind, she knows you have a new Tundra. Enjoy it to the fullest!
Just use the "But baby I got a new truck, you know the ladies can't stay out". She will see the light!
Not really... Anyone can buy a new truck, but you are doing it at 17. I did not have a NEW car until I was about 25 or so out of college. That is very impressive and both you and your parents should be very proud of how responsible you are for your age. 17 I was only about football games and parties!Haha, you should of guessed that based soley on the fact that i drive a tundra
If you can afford, and seeing as your 05 is paid for, I would trade it in on a reg cab 07. It's a great truck and grabs alot of attention if your into that kinda thing
I agree on all points.
My POS at 17 was a 1981 VW Rabbit Diesel 5 door...beige
That's right, I was F'in cool
I'll be walking out without a payment too, but it takes time to build up such equity, and with the path you're on, Monkey, you'll be able to do the same.
For the record...I'm 29....not too close to 17. Though, in a way, I wish that I was 17 and have the knowledge and ability that I have now!
Congratulations on the truck! It is no small feat to be able to do that at your age for sure! Don't take what I'm about to say the wrong way, I'm merely trying to help you out. While it is great to be able to have a very good vehicle at your age, try not to get saddled down in debt while you're young. Bills will add up quickly and for some it comes to the detriment of even things like college and saving for retirement (like me, you can pretty much forget about getting anything from Social Security -- so don't count on it even 1%, even if it is somehow fixed). The hardest thing to do when your this young is to invest and save. I had many friends in high school that got new vehicles when in high school and though I thought that it was such a great thing at the time, I certainly don't regret not being one of them. None of them (not saying that this was the cause -- just saying that I think it has to do with how they think of money) have the kind of careers and home life like the ones that didn't get in on that early. They've been saddled with debt and been digging deeper and deeper for any little thing because they can't get out of the hole that they got themselves into. Most of them were obligated to work to continue to meet their financial obligations. Not only does that put unnecessary strain on their ability to do all the fun things you should do when you're young (i.e. travel with friends and family, experience different cultures, sports, arts, etc.), it really narrowed down their choices and bargaining power when it came to jobs (because they had to continue to work while looking).
Again, I'm not being critical of your purchase or even saying that it is the cause of anything. I'm just saying that you need to be careful of how you think of money at your age. Spending it too soon and getting into a "debt" mentality is the type of trap that most people get into and very few get out of. Montly payments may not seem bad right now, but by the time you're 21 or 22 and still making those payments along with insurance, gas, etc. it will start to feel more like a burden than a deal; no matter how much you like your vehicle.
Many friends and family come to us for advice on financial matters, so I'm used to speaking on the subject but I'm in no way trying to be snooty or anything like that. I'm just trying to impart a little of what I learned along the way. Ensure that you take care of your priorities first and don't let a financial burden cause you to change those. I'm not sure what you have as future aspirations, but it is obvious that you at least have the capability to assume responsibility for your future and are pretty goal-oriented.
A new vehicle is a great thing and you should enjoy it! Just make sure that you can still do all the things you need to do while you're young and able to do them. Falling in the trap of the "debt" society we live in is something that many are in denial about. Doing some planning early on (setting aside money in your 401K, getting a high-yield online savings account is good for starters) can go a long, long way to ensure that you can continue to do so in the future! I hope that was helpful and didn't come off badly...
Again, I'm not being critical of your purchase or even saying that it is the cause of anything. I'm just saying that you need to be careful of how you think of money at your age. Spending it too soon and getting into a "debt" mentality is the type of trap that most people get into and very few get out of. Montly payments may not seem bad right now, but by the time you're 21 or 22 and still making those payments along with insurance, gas, etc. it will start to feel more like a burden than a deal; no matter how much you like your vehicle.
Many friends and family come to us for advice on financial matters, so I'm used to speaking on the subject but I'm in no way trying to be snooty or anything like that. I'm just trying to impart a little of what I learned along the way. Ensure that you take care of your priorities first and don't let a financial burden cause you to change those. I'm not sure what you have as future aspirations, but it is obvious that you at least have the capability to assume responsibility for your future and are pretty goal-oriented.
A new vehicle is a great thing and you should enjoy it! Just make sure that you can still do all the things you need to do while you're young and able to do them. Falling in the trap of the "debt" society we live in is something that many are in denial about. Doing some planning early on (setting aside money in your 401K, getting a high-yield online savings account is good for starters) can go a long, long way to ensure that you can continue to do so in the future! I hope that was helpful and didn't come off badly...
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