Originally Posted by cmc474
Just wondering because personally if I was making payments on my Ranger I would be disappointed as I don't like the ride and truck compared to other trucks. (don't ask me why I just feel that way)
My father has two 4 X 4 Dodge Rams with the Cummins TD engine -a '98 and an '07. Compared to my little trucklett, those rigs are rolling torture devices. And with the sway bars connected, their solid axle suspensions don't really flex all that great on the trail.
I didn't really know I wanted a Ranger when I bought my 2007 4 X 4 XLT last month. Nimble handling feel, decent accleration from the 4.0 / 5 speed / 3.73 limited slip drive train, and shockingly comfortable ride quality won me over in a big way. Frankly, I was pretty amazed at how comfortable the little truck was on the road.
I am also pleasantly surprised at how well the thing works off pavement. SLA torsion bar IFS really shouldn't work as good as the suspension on the Ranger seems to. It is easier to keep all four tires in contact with the terrain than I expected, given the front suspension design. Not quite as easy to pilot as my old TJ Wrangler was, but definitely easy enough to get me where I want to go without too much drama.
So I don't mind making payments on the thing. I absolutely love this truck.
In my case, the PO took the big hit on depreciation. I got the truck for $13,400.00 with less than 27K on the odo. It essentially presents as new. I could have cashed it out, and had the jack in bank to do so, but decided that financing was a smarter move in this case. The bank was willing to finance the thing as new, too, so I got a killer interest rate. It is complicated to explain, but it is "cheaper" to use the bank's money for this purchase than it would be for me to tie up my liquidity in a depreciating asset, thanks to the low rate of financing and the current rate of inflation. In simple terms, I can buy more with the bank's 10K today than I'll be likely to buy with my own 11K four years down the line. So I took my 10K and put it to work in a diversified portfolio to hedge against inflation. I'll pay the bank more than 10K for the 10K I borrowed from them, but not a whole lot more because of the low interest rate I borrowed it at. Conversely, I should realize a return on my 10K that I didn't spend that will outstrip inflation AND the finance charges on the loan.
I'm not normally one to finance stuff, but in my personal situation, it seemed to make sense in this instance.
Under $250.00 a month to drive what is essentially still a "new" truck and one that I really enjoy driving seems like a deal to me. I sincerely regret that the OP of this thread doesn't feel the same way about his truck that I feel about mine.