So I wasn't really sure if this should go into the vehicles forum since its really an economic pondering. got me thinking. Without going into other details such as assets and income, we have a couple vehicles including two good daily drivers. My 2011 F150 which is in excellent condition but starting to get older with 115k miles as my wife's 2018 F150 which is, of course, in excellent condition with only 20k miles but which we still owe far too much on. Previously the general plan was to use my "old" truck for most running around to save miles on the new one but with the looming economic instabilities (recession, depression, digital currency, surging recovery- who knows!) I've been wondering if this is all wrong. Should we be conserving the old, long paid off vehicle "just in case" hyperinflation or job insecurities result in a defaulted auto loan? Not as worried about the jobs issue as we are both front line in the healthcare field but enough inflation (or introduction of currency changes) *could* result is difficulty paying for a truck and a mortgage...
Anyways, BITOG always seems to have a better and more logical opinion out there than I do so I'm hoping you all can share some of your thoughts!
Anyways, BITOG always seems to have a better and more logical opinion out there than I do so I'm hoping you all can share some of your thoughts!
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