|
|
|
|
|
#1
04-13-2011, 06:21 PM
|
|||
|
|||
|
Yay, no more car payments.
My last payment on my truck was processed today. Two and a half years early. My last car payment ever...
Now to save up for that suburban and 240D - or two - or three  - Peter.
__________________
2021 Chevrolet Spark Formerly... 2000 GMC Sonoma 1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021  2002 Kia Rio. Worst crap on four wheels 1981 240D 4spd stick. 389000 miles. 1984 123 200 1979 116 280S 1972 Cadillac Sedan DeVille 1971 108 280S 
|
|
#2
04-13-2011, 06:23 PM
|
|||
|
|||
|
Quote:
|
|
#3
04-13-2011, 06:38 PM
|
||||
|
||||
|
Excellent, payments of any kind suck.
__________________
2006 CL500 2009 C300 4matic 1969 280SE 2023 Ram 1500 2007 Tiara 3200
|
|
#4
04-13-2011, 06:41 PM
|
||||
|
||||
|
Cool! I'm not quite there yet, Sept. this year for the Mrs.' van. I can't wait!
__________________
 1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15 '06 Chevy Tahoe Z71 (for the wife & 4 kids, current mule) '03 Honda Odyssey (son #1's ride, reluctantly) '99 GMC Suburban (255K+ miles, semi-retired mule) 21' SeaRay Seville (summer escape pod)
|
|
#5
04-13-2011, 06:53 PM
|
|||
|
|||
|
My box truck is paid off in september. Ill be glad when that $1300 a month monkey gets off my back. That will be my last car payment ever.
__________________
Eugene 10 E63 AMG 93 300te 4matic 07 BMW X3 14 Ford F-150 Fx2
|
|
#6
04-13-2011, 06:54 PM
|
|||
|
|||
|
Congratulations.
My last car payment was--welll--never. My last mortgage payment was--well--never.
__________________
1977 300d 70k--sold 08 1985 300TD 185k+ 1984 307d 126k--sold 8/03 1985 409d 65k--sold 06 1984 300SD 315k--daughter's car 1979 300SD 122k--sold 2/11 1999 Fuso FG Expedition Camper 1993 GMC Sierra 6.5 TD 4x4 1982 Bluebird Wanderlodge CAT 3208--Sold 2/13
|
|
#7
04-13-2011, 07:19 PM
|
|||
|
|||
|
Nothing I can do about my mortgage but it's real nice having the vehicular monkey off my back.
- Peter.
__________________
2021 Chevrolet Spark Formerly... 2000 GMC Sonoma 1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021 2002 Kia Rio. Worst crap on four wheels 1981 240D 4spd stick. 389000 miles. 1984 123 200 1979 116 280S 1972 Cadillac Sedan DeVille 1971 108 280S
|
|
#8
04-13-2011, 07:24 PM
|
|||
|
|||
|
If you set the equivelant of the payment aside every month this will provide or at least contribute to a replacement vehicle some time in the future. Since you are already used to the payment it should not be particularily noticeable.
If you can find a good investment vehicle or make lump sum payments on your morgage if practical. This will really lower your cost of that morgage. The morgage angle can be almost the sure thing. It is not always the best thing to get to a finacial positon of owing nothing. Usually though it is desireable as soon as possible. Your money is not leveraged anymore for inflationary gains on your properties value. Although the way things have been going except for select areas this is no longer the same consideration it once was. Since we only live once and no debt contributes to the comfort zone it is the preffered status as soon as possible. Very hard to lose the roof over your head when it is not encumbered even through a period of uncertainty for an individual. Last edited by barry123400; 04-13-2011 at 07:36 PM.
|
|
#9
04-13-2011, 07:29 PM
|
|||
|
|||
|
When I bought my 1999 Mercedes 300ETD (brand new of course, and at an amazing discount due to my parsimonious cunning), I paid cash, yes that's right CASH!! Auto financing is the Tool of the Devil, and I know all about being a Tool...
|
|
#10
04-13-2011, 07:29 PM
|
|||
|
|||
|
Quote:
|
|
#11
04-13-2011, 07:29 PM
|
|||
|
|||
|
Quote:
- Peter.
__________________
2021 Chevrolet Spark Formerly... 2000 GMC Sonoma 1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021 2002 Kia Rio. Worst crap on four wheels 1981 240D 4spd stick. 389000 miles. 1984 123 200 1979 116 280S 1972 Cadillac Sedan DeVille 1971 108 280S
|
|
#12
04-13-2011, 07:34 PM
|
|||
|
|||
|
I had leased vehicles for awhile, but I'm off that now. I drive a less expensive vehicle that I had placed a large DP upon, and have a small loan that I'm knocking off.
Just have to be the first to pry that plastic protective wrapper off the steering wheel. No doubt I'll wise up some day and go back to used cars that I can buy with 100% cash.
|
|
#13
04-13-2011, 07:36 PM
|
||||
|
||||
|
Congratulations! When I bought my E300, just for grins, I took out a little loan so I didn't totally deplete the bank account and since I'd never had a loan before, I thought it might do my credit rating well.
I finally paid it off last year and it did feel pretty good.
__________________
-Evan Benz Fleet: 1968 UNIMOG 404.114 1998 E300 2008 E63 Non-Benz Fleet: 1992 Aerostar 1993 MR2 2000 F250
|
|
#14
04-13-2011, 07:39 PM
|
|||
|
|||
|
Because of a lot of factors one can get a pretty new car for much less than new even with extensive waranty. It takes some digging but they are out there. The new car mental thing only lasts for perhaps 60 days for us at best.
|
|
#15
04-13-2011, 07:53 PM
|
||||
|
||||
|
I'll buy my next work truck new since I keep them long enough to get my money out of them. But I don't know if I'd buy a new car, you can get so much more for your money used.
MB and BMW have some pretty good CPO programs, with lots of nice fresh off lease cars on them.
__________________
2006 CL500 2009 C300 4matic 1969 280SE 2023 Ram 1500 2007 Tiara 3200
|
 |
| Bookmarks |
|
|
Linear Mode
