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Old 02-01-2008, 10:09 PM   #1
Kevin Dean
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Default Paid off my car

I've spent the past 3.5 years paying off a car that I've come to hate.

Today, I'm done! Paid off the remaining balance and it's MINE!

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Old 02-01-2008, 10:11 PM   #2
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Cool...Not too long and I'll have the SWMBO car paid off, can't wait for that raise.

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Old 02-01-2008, 10:14 PM   #3
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Nice, it's a great feeling, isn't it?

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Old 02-01-2008, 10:16 PM   #4
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Good deal!

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Old 02-01-2008, 10:48 PM   #5
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Yeah, my brewing spending went up right around the time my car payments ended, and pretty much cancelled out the savings. But regardless, at least now I have more beer.

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Old 02-01-2008, 10:50 PM   #6
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Feels good, no car payment. Now, start sticking half of that payment away in a fund for maintence and repairs. It will come in very handy when you have a $1,500 repair bill in the next year or so.

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Old 02-01-2008, 11:36 PM   #7
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Quote:
Originally Posted by EdWort
Feels good, no car payment. Now, start sticking half of that payment away in a fund for maintence and repairs. It will come in very handy when you have a $1,500 repair bill in the next year or so.
good advice, not everyone has the super fil that I have for car repair.
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Old 02-02-2008, 08:28 AM   #8
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I hate to be the cold water, but you ought to go ahead and put the other half of that old payment aside so that you don't have a payment at all next time.


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Old 02-02-2008, 11:00 AM   #9
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Quote:
Originally Posted by TexLaw
I hate to be the cold water, but you ought to go ahead and put the other half of that old payment aside so that you don't have a payment at all next time.


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Yup...it works well. Eventually you pay 1/2 of a new car in cash....then 3/4 then, all of it.

Buy quality cars and replace them only when necessary.
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Old 02-02-2008, 11:05 AM   #10
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I paid off my old silverado in 3.5 years. I ended up trading it in on the last payment and Got a 2007 Silverado.

My payments stayed the same and now I have a brand new truck. But several years of paying left to go.

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