DONE!!!

[jc56berg]

Today was a day of days. The last of 72 "easy monthly payments" as it has been said was drawn from my bank today. Mileage on the clock for six years is 48,980. Anyone remember back in the day when 48 months seemed forever? Yea, I'm that old but only by a number not at heart. I keep good maintenance up on the Red Pearl. Oil (PUP) every 5K w/mo-899 filter, plugs changed at 40K, water pump went out at 38K (that was a disappointment) and any little things down to the cabin a/c filter. I know at 60K some things trans. service, belt, bigger things will be done. Garage kept but next month she gets a buff and polish. Life is good with a Hemi (GM refugee). We all know that the extra money will go to somethings other. A little in savings and the price of now 89/93 pump octane mix I have run through the last 6yrs etc. Lets see how long she'll last.

 

[inuyasha-rules]

Congrats. I'm on track to have mine paid off a year early and get out from under the 21% interest.

 

[jasonw]

Congratulations. Now its time to trade her in for a new one and go back into debt again!

Just teasin.

 

[jc56berg]

Congrats. I'm on track to have mine paid off a year early and get out from under the 21% interest.

Your doing it the right way. If I would have paid $100 extra toward the principle for just 6 times a year through the loan...well, were all rowing in the same financial boat.

 

[jc56berg]

Congratulations. Now its time to trade her in for a new one and go back into debt again!

Just teasin.

Now thats a good one. LMAO done spilled my coffee.

 

[TradesmanGuy]

Congratulations. Now its time to trade her in for a new one and go back into debt again!

Just teasin.

That is not the way of most US citizens. Trade in early and refinance the negative equity is how most all do it.

 

[mikeru]

Congrats. I'm on track to have mine paid off a year early and get out from under the 21% interest.

We're on track to have our 2020 paid off this time next year. With the 0% 84 month loan we got there was no incentive to pay it off early lol.

 

[theblackduck87]

Congrats. I'm on track to have mine paid off a year early and get out from under the 21% interest.

Dude!! Did you pay for that with a credit card??!! Ouch. GOD bless you.

 

[Burla]

Welcome to the club of guys who have paid their stuff off and "they don't make them like this anymore". I think I'm a charter member, I stopped paying car loans in the 1990's, I don't have any tolerance for that type of pain. I save up first and run whatever I have into the ground, then pay off the new thing. Granted, a little harder these days, but the choice is there.

 

[Wild one]

I remember when you had to be a good talker to even get 36 months,as most banks way back when would only do 24 month car loans

 

[inuyasha-rules]

Dude!! Did you pay for that with a credit card??!! Ouch. GOD bless you.

Debt free for over 10 years and my credit score reset to 0. Didn't have cash to pay for a new used car, and blew the engine in my old Jimmy during COVID so I didn't have much choice. Now I'm sitting at a 720.

 

[jasonw]

That is not the way of most US citizens. Trade in early and refinance the negative equity is how most all do it.

Oh sheesh, I forgot, you are right. How unAmerican of me, I apologize. We need to have double the value of the current vehicle in negative equity that we rolled into it, otherwise we're much too European.

 

[theblackduck87]

Debt free for over 10 years and my credit score reset to 0. Didn't have cash to pay for a new used car, and blew the engine in my old Jimmy during COVID so I didn't have much choice. Now I'm sitting at a 720.

Been there....Good for you.

 

[TradesmanGuy]

Oh sheesh, I forgot, you are right. How unAmerican of me, I apologize. We need to have double the value of the current vehicle in negative equity that we rolled into it, otherwise we're much too European.

It is all about instant gratification. Not happy this very moment, then do something about it. Get something for yourself, even if it involves begging, borrowing, or stealing. At least that seems to be the case for most, as far as I can see.

 

[GeauxinUp]

We're on track to have our 2020 paid off this time next year. With the 0% 84 month loan we got there was no incentive to pay it off early lol.

When I bought my 2015, they had the 0% for 84 months PLUS incentives, which at the time was around $15k off MSRP. That was probably the deal of a lifetime!

 

[jc56berg]

That is not the way of most US citizens. Trade in early and refinance the negative equity is how most all do it.

Went through it years ago w/ex. Buy new and pay negative equity 2 vehicles back.

 

[jc56berg]

We're on track to have our 2020 paid off this time next year. With the 0% 84 month loan we got there was no incentive to pay it off early lol.

I must have bought at a wrong time? I have clean credit and had to finance @ 3.90% for 72 months. I mean it almost came down to an MMA choke out and I even picked out the red Ram. "No mr. salesman I don't want the 2019 silver one". Exhausting !!!

 

[jc56berg]

Welcome to the club of guys who have paid their stuff off and "they don't make them like this anymore". I think I'm a charter member, I stopped paying car loans in the 1990's, I don't have any tolerance for that type of pain. I save up first and run whatever I have into the ground, then pay off the new thing. Granted, a little harder these days, but the choice is there.

Me too. Take care of it and run it till you have to put down like bellowing moose.

 

[jc56berg]

I remember when you had to be a good talker to even get 36 months,as most banks way back when would only do 24 month car loans

Really, Its exhausting Wild. Does anyone even the manufacturer know the true price to produce these vehicles?

 

[theblackduck87]

I used a wholesale agent once. there were incentives offered by the credit union where I work. He took me to a wholesale auction site and we picked out a couple to bid on.
I've purchased 3 vehicles through him now and will never go back to the dealer.....ever.
I've got the guy on speed dial (is that still a thing?) and the credit union has me on great terms as I have paid all 3 off already and early to boot.