New Caritus
Anyone thinking about purchasing a Dealer New truck -even one with clearance lights- should check out what Dave has to say.
http://www.daveramsey.com/
He is a fantastic financial planner dude with a radio show. It is carried on talk stations nationwide and available on the web.
Basically he says that the depreciation on a new car is acceptable ONLY IF the value of the vehicle is insignificant to your net worth/income and you pay CASH for it. Financing things that go DOWN (like a rock) in value is a great way to stay in the poor house.
Dave counsels folks to get out of debt, pay off the house, fund their retirement, and take care of the college fund. You have to use a budget and spend less than you make for this to work. Yes it is very UN-American --as a nation, we are overweight, divorced, and in debt to our eyeballs.
No bankruptcy, no CONsolidation, no HEL borrowing.
Simple, empowering, and effective.
Give a listen.