I just left a Tahoe for a Silverado! + Adventures in finance

[1876]

Howdy everyone! Just thought I'd jump in here and make an intro post before I started digging into the forums.

 

A couple weeks ago I sold my '08 Tahoe Z71 and bought a 2014 Silverado 4x4. It pained me to let go of the old girl, but it needed to happen. The Silverado has black heated leather seats and a front bench (awesome) MyLink, backup cam etc. so that made me feel a little better, haha.

 

Which brings us to the reason behind the purchase of the Silverado.... Right now I'm running a real estate investment services business and recently began doing residential/commercial sales with a local broker to get some more experience and bring in a bit more income, all the while trying to finish up my degree at Texas A&M. I bought the Tahoe in cash 3 years ago, and have never had any auto loans or installment loans on my credit, just a number of monthly paid off credit cards!

 

Although I have good credit, my lack of student loans, auto loans, or other financed purchases combined with the age of my credit (I turned 23 this month) would make it pretty difficult to secure the debt financing needed to purchase income-generating properties I have my eye on. SO, I sold the Tahoe, pulled a certain amount of cash out of the equity in it to keep, and put the remainder toward the Silverado's financing. All of this was done with the idea of building stronger credit over the next year, throwing a little cash into my future investment coffers, and continuing to work in my current capacities until I'm comfortable moving on more personal investment properties outside the scope of my business. I am intentionally doing this without financial backing from parents or other family members - even though they would happily help in a heartbeat, I insist on doing these things myself.

 

Anyway I'm sure 0.3 out of 64,000 people found this interesting but I thought I'd share! Here's the old Tahoe and the new Silverado, because that's what you really wanted to see!

 

The Tahoe was approaching 220,000 miles in this picture, I have many more from this shoot, it looks immaculate

 

And here's the Silverado, now at 27,000 miles. Nothing unique about it (yet) but it's still a good looking truck.

 

 

 

Thanks for reading, y'all. See you in the forums! -Max

[HoosierZ]

Welcome Max. Nice Tahoe and truck.

[Daryl LBZ]

Welcome!

[ColoRetiree]

Welcome Max. Nice truck! Building credit can be a pain, but you are doing the right thing.

[1876]

Welcome Max. Nice truck! Building credit can be a pain, but you are doing the right thing.

 

That's the truth. Financing is a huge pain in the butt, and a largely necessary evil in today's world.

 

Thanks for the welcome everyone.

[ajrich80]

Nice vehicles!

 

Sent from my SAMSUNG-SM-N930A using Tapatalk

[1876]

Nice vehicles!

 

Thank ya sir!