I again feel what you're saying. Without going into a huge post like you did, which was awesome, by the way, I have to say I always think about, "What if I didn't pay $700 a month...", Where would I be? What would I be doing?
I can easily afford the payment, but some days man, I just don't want to. I know that there are damn millionaires on here, business owners, family money people and stuff like that that can easily plop down cash for one of these bad boys. I'm in the military, made a few good decisions with money and am able to make the payment.
I bought my first Raptor, put down $8k and drove off with a $640 or something a month payment. I then traded it in after a less than a year and they paid it off for $41k. I still lost all my payments of $640-ish AND my $8k down payment to get into my new one. Stupid, yeah, probably...
I just went out and got this Focus for $271 a month. That IS cheaper than the gas bill for the Raptor, so if I can asbstain from driving the truck too much (which I really have no reason to drive it), I'll come out ahead.
But I'll be damned if I am not stretched tighter than I would like. But that's what we do in this country. We live life, we max out credit cards and we have expensive shit we don't really NEED.
All truth be told, I should sell the Raptor, suck up my losses, because there would be a lot of it, drive the Focus for $271 a month and save the ******* $700/month into savings, instead of having a truck sit in the garage to look at. When I type it out, that sounds just ******* STUPID! But losing what, $6-7-8 GRAND to just get rid of something sounds pretty ******* stupid as well.
I could easily turn around, go get a standard cab XL truck that I could use to occasionally pull my trailer and get house shit when I need to.
****. But all in all, I'm sitting ok for now, but if shit hit's the fan, the Raptor is the first thing to go.
...and I don't have kids or a wife yet. I do have a house that I pay on monthly, though.