In the automobile industry, truck drivers refinance their vehicles more often than any other driver. Some of the most refinanced cars in 2018 were the Chevrolet Silverado 1500, Ford F150, Dodge Ram, and the Chevrolet Silverado 2500.

But why is that? Any car owner should plan to refinance a loan (or refi) after a year - with companies like rateGenius; any car owner can jump on a lower interest rate or a shorter length of time thanks to economic fluctuations or credit score improvements.

Out of all vehicles in the U.S., trucks are refinanced the most. Here's why that is and what that means for you, no matter what car you drive.

1. Trucks Are Built To Last, And We're Not Using Them To Capacity

Trucks were originally created for work: hauling, towing, and traveling over rough terrain, day after day, month after month, year after year. The trucks of the last few years don't see the levels of hard labor that their predecessors did. Today's trucks are designed to be more powerful than ever, but they're used most often for carpooling kids than working around the ranch.

Because of this, trucks tend to last longer than expected, even far beyond the 100k mile odometer marking.

So, what does this have to do with refinancing? When you have a vehicle that you expect to last for 10-15 years (or more), you may decide to stretch your auto loan as far as it can go. In addition, your budget may change over the span of many years, dictating that you raise or reduce your monthly payments accordingly. This gives you many years to shop for competitive refi rates.

2. They Cost More, So Loans Are Larger

From 2008 to 2018, the average price of a full-size pickup truck rose by 48%, the highest 10-year price increase of any vehicle class.

Some drivers may wind up with payments that they struggle to afford a few years down the line. By refinancing, they have the opportunity to lower those payments and ensure that they can successfully pay off their loans.

3. Trucks Have A Higher Resale Value

Full-size pickup trucks tend to hold their value well, compared to other vehicles on the market today. This allows their drivers to take advantage of excellent refi opportunities.

If you have a vehicle that depreciates quickly, you'll find that your refi options become very limited.

4. The Truck Market Is Up

Ten years ago, gas prices had soared to a painful $4.11 per gallon. By January 2019, this price had dropped to a much, much better $2.24 per gallon!

Today's trucks border on luxury. They can come loaded with heated steering wheels, full-size sunroofs, plush leather seats, and even interior mood lighting. This makes them desirable to an entirely new group of drivers… many of whom are looking for the bells and whistles of a luxury car, with the size and dependability of a pickup.

If you want to save the most money on your next car in the long run, the trick is refinancing with a company like rateGenius , who can ensure you're getting the lowest rate, no matter your vehicle.

Update: RateGenius team is offering a pre-qualification assessment to help you compare rates with no impact to your credit scores. See what your new car payment can be!

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I’ve been feeling very British lately. Not in a Union-Jack-obsessed, “Keep Calm and Carry-On” way. I went through that phase in 2012 with everyone else… no thank you. And it’s not even a surge of patriotism catalyzed by the Queen dying — I’m firmly team Diana and team Meghan.

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Southwest Airlines Sale 2022

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Quiet Quitting is the latest trend among Gen-Z TikTok that encourages setting boundaries at work

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Toni Morrison has an anecdote about her first ever job, which was cleaning some neighborhood woman’s house. The young Toni arrived home after work one day and expressed her troubles to her father. But he didn’t provide the sympathy she expected. Instead, he gave her something better — his advice:

“Listen. You don’t live there. You live here. With your people. Go to work. Get your money. And come on home.”

Years later, she wrote about this remarkable experience for the New Yorker and said, in hindsight, this is what she learned:

1. Whatever the work is, do it well—not for the boss but for yourself

2. You make the job; it doesn’t make you

3. Your real life is with us, your family

4. You are not the work you do; you are the person you are

What Morrison so eloquently articulated was setting boundaries. I revisited this piece during the pandemic when working from home ramped up in earnest. Back when work was one of the few things that anchored my day.

Without a physical office, the pandemic shattered the work/life balance for many people. There was no more of that physical separation that Morrison talked about. There is no coming home from work physically. There is no real life to come back to — just a manufactured commute to your laptop in your makeshift home office.

But, par for the course, Gen Z are navigating this boundaryless era using TikTok. While internet gurus promote hustle culture and constant online availability since you’re not getting face time with your managers, there’s a trend in town — “quiet quitting.”


@zaidleppelin On quiet quitting #workreform ♬ original sound - ruby


The trend arose from the depths of the pandemic. Layoffs, salary cuts, and furloughs proved that their employers did not care about their hard-working employees.

The Washington Post dubs quiet quitting as a fresh trem for an old phenomenon: employee disengagement. In many cases, it’s a response to burnout. For much of Gen Z, it’s a way of establishing healthy boundaries in the office and resisting the pressure of the rat race. After all, why work yourself to the bone for a company that just proved it’s ready and willing to let you go?

Despite the term’s negative connotations, Quiet Quitting can provide an empowering shift in thinking for employees.

For far too long, employees have been indoctrinated with a slew of toxic workplace advice. Faced with these old misconceptions and lacking job security or clear paths for advancement, Gen Z is untethering their identities from work.

Quiet quitting — therefore — might be a bit of a misnomer. These employers aren’t completely disengaged. They’re certainly not launching Flight Club-esque sabotage attempts on their employers. NO. Contrary to media panic, Gen Z understands the value of a job — the fickle market they entered ensured that. But they also understand the value of life.

They’re doing what they’re being paid for. Nothing more, nothing less.

According to Chief, a private membership network focused on connecting and supporting women executive leaders, older generations should learn from this approach.

“Gen Z has already endured the largest seismic shifts to the career landscape than any previous generation, having started their careers in the middle of a pandemic that changed office culture forever and a gig economy that makes piecing together work more viable. They’re taking both those realities and therefore demanding more autonomy and flexibility than any other generation.”

Gen Z are less attached to job titles and statuses. They’re more concerned about their lives. Sure, this can lead to problematic outlooks on money and experiences — see the “I can earn my money back” TikTok trend. But it’s better than hustling for no reward. Besides, as some Gen Z-ers put it on TikTok, the office isn’t even a vibe.

“With the ability to work from anywhere and for more than just one place, Gen Z-ers are forging their own paths that don’t rely on old patterns set by previous generations and are redefining what “career success” looks like. Gen Z can take note, as more and more leaders are similarly pursuing multiple income streams of their own through the form of a portfolio career. The way in which work looks like and where it happens is evolving.”

With less single-minded focus on one job, some TikTok business gurus advocate shutting your laptops precisely at 5 pm. And then jump onto your side hustle. Do nails or lashes on the weekend. Become social media managers for your phone. Sell soap on Etsy (again … perhaps not in the Fight Club way).

But this valorization of side hustles is not about hustle culture, either. They say job security isn’t guaranteed. Learning new skills and develop an alternate income stream/s to keep you afloat. Just make sure you’re not left in the lurch. BTW inflation is here. So every little bit helps.

But where do you start? Watching TikToks can only get you so far. Try a course on LinkedIn Learning to sharpen up your skills and learn new ones that you can turn into a verifiable side hustle — or leverage in your job search if quiet quitting leads to … real quitting.

Learn on your own time with bite-sized videos or in-depth courses. Watch them after work, before you clock in, or on your lunch break. Then, after your courses are complete, you’ll have certificates prominently displayed on your profile that prove your skills.