Last post on Jun 12, 2011 at 7:05 AM
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Car Buying, Car Financing, Car Leasing
#35 of 44 Re: Want...Really Want [sandman_6472]
Jan 29, 2011 (2:52 pm)
Way back, I had an F 150. I ran summer and winter tires on it, so I don't remember which set it was, but one of them had the perfect height for me to get in or out or the seat.
I felt like I didn't have to bend down or step up to get into the seat.
It must have been the winter set, which were smaller and narrower.
The summer tires were oversize.
#36 of 44 My last payment was made 31 months ago.
Jan 30, 2011 (12:47 pm)
Five year loan, 0%, $235/month. I can't claim a windfall because other recurring or emergency bills seem to have taken away any advantage of not having a car payment. Maybe things will look better for me after paying off a roof repair later this year.
#37 of 44 Re: My last payment was made 31 months ago. [carthell]
Jan 31, 2011 (5:25 pm)
There have been so many many times I thought I was 'all set', but something always seems to hit you out of the blue.
At least without a car payment, it is easier to deal with.
Jan 31, 2011 (7:15 pm)
My last car payment was made earlier, today..
Well... it's only the last one, until next month...
#40 of 44 Re: Okay... [kyfdx]
May 19, 2011 (12:06 pm)
I'm making the last payment on my '06 ION next week .. should get the title towards the end of June or beginning of July.
#41 of 44 Re: last car payment [speddy]
May 19, 2011 (1:03 pm)
You know most financial specialist would say it totaly different in the fact that should pay cash an appreciating asset not a depreciating one. think of it this way if you pay cash for that auto and you trade it in you have lost money, when you could of held that money in an intrest loan and profited from it, in stead losing it. people now a days tend to trade there cars more often also and with a simple interest loan with cars right now you can pay it off when you chose too, with no penelty of doing so.
#42 of 44 Re: last car payment [garywoods]
May 19, 2011 (4:34 pm)
I've got 8 more payments on the Ody and a couple of years yet on the Camry.
I do have enough in my car fund to pay off the Ody if I wanted to. What might make me want to would be the right used convertible that would cost about what I could get for the Ody.
#44 of 44 Last payment will be in November 2011 (only six left)!
Jun 12, 2011 (7:05 am)
I've never paid off a car before, usually trading them somewhere between two and three years old. Luckily they were all Hondas, so I always had equity even after only two years. I watched my friends trade other makes after a few years only to roll $8-$10k in negative equity into a new car loan!
I've had my current car, a 2006 Mazda3 s 5-door, since December 2005 and it only has 82k miles on it. It looks great inside and out (not even a door ding), so I plan to keep it and enjoy life without a payment for the first time in 21 years of driving! I have six more payments of $332.14 per month left on my 72-month loan. I had a lot of credit card debt and a student loan back in 2005 and I only earned about $45k per year. The interest rate was the same for 60 or 72 months, so I went with the $50 lower payment even though it was for six rather than five years. Thankfully, it was a reasonable interest rate and with my $2000 down payment, I have never been 'upside-down' in my 72-month loan. The Mazda3 has turned out to be a class leader in residual values.