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My Last Car Payment was...



  • fezofezo Posts: 9,328
    Yeah, I'm doing that with the house as well. I round the check up to the next hundred which adds about $89 to the principal and basically creates one extra payment a year.

    It was a Honda salesman that first told me I might as well take the 5 year loan because it was the same rate as the four. When I bought my wife's Camry the salesman - a past and, I hope, future poster in these parts - told me teh same thing. In his words "it's cheap money."
  • kyfdxkyfdx Posts: 27,640
    I don't really want to talk about it... :surprise:

    Prices Paid, Lease Questions, SUVs

  • explorerx4explorerx4 Central CTPosts: 9,614
    I don't mind having a car payment because when I don't, I buy a new or another car.
    One car payments beats 2. :)
  • akanglakangl Posts: 3,592
    I don't really want to talk about it

    That bad huh? :P

    Let's see, my last car payment was in September, but hubby still has a payment on his Civic, its a low payment and a low interest loan. Not in a huge hurry to pay it off, probably by next spring though since he may replace it then.

    I've done my time with high car payments and massive negative equity. We won't discuss the loan I had on the Pilot. :blush: No more of that for me, if the payment is over 3 years and $350/mo, I don't need it.
  • lemkolemko Posts: 15,120
    My last car payment was due on November 23 but I paid it off near the end of October. You'd think you're going to have a surplus, but my wife finds ways to spend it! :sick:
  • andre1969andre1969 Posts: 21,847
    You'd think you're going to have a surplus, but my wife finds ways to spend it!

    Yeah, they're good at that. You should have just paid it off early and kept your mouth shut. "Sorry honey, got two more years of payments to make!" :P I have a feeling she's too smart to fall for that, though.
  • lemkolemko Posts: 15,120
    edited January 2011
    I think so too!

    Funny thing is, when I bought the car, I called her hoping she would talk some sense into me and she replied, "If it makes you happy, buy it!"
  • jpp5862jpp5862 NCPosts: 323
    I bought my first car in 1998, a 1996 Accord, had a payment of about $270. I paid it off early and drove the car for 2 or 3 years payment free but I hated the car, so in 2002 I traded for a Nissan Pathfinder SE, took on a payment of about $375 and loved the vehicle. I should have never gotten rid of it. Since then I've had a payment, usually around $400 give or take. That will probably go up with the new Explorer, but to me it's worth it. I still manage to save money, pay extra on the house and enjoy life, so to me the payment is worth it.
  • slorenzenslorenzen Posts: 273
    paid cash for the last few vehicles, paid the house off last year.

    Oh, what a feeling... :)
  • fezofezo Posts: 9,328
    Wow! That DTS is all yours now? Sweet!
  • sandman_6472sandman_6472 Coral Springs, FLPosts: 2,623
    Been this way since 1995 & it's a great way to live...owe nothing to anyone & live within one's means...priceless! :)

    The Sandman :sick: :shades:

    2014 Hyundai Tuscon SE/2005 Mazda 3s/2008 Hyundai Accent GLS/2009 Nissan Versa SL hatch

  • roadburnerroadburner Posts: 6,280
    My last payment was in April 2007.

    2009 328i / 2004 X3 2.5/ 1995 318ti Club Sport/ 1975 2002A/ 2007 Mazdaspeed 3/ 1999 Wrangler/ 1996 Speed Triple Challenge Cup Replica

  • sandman_6472sandman_6472 Coral Springs, FLPosts: 2,623
    The only bad thing is that I really want to drive something a bit nicer & more back friendly but don't want to go back in years & spend more $! Been seeing & liking the RX 330 from 2004 to 2007 generation. Friend had one and the ingress/egress was excellent for my spinal issues & with the leather seats, it was like heaven!!! :) Just to be able to slide over into a power seat was wonderful...don't really need a 6 cylinder engine as a 4 is plenty for my kind of driving. I guess any power seated car will do but these RX's are the "whole package" as far as I'm concerned.

    Unfortunately the wife would go ballistic even though we each use our own funds to purchase our cars...the amount of aggravation she'd give me would be outrageous. She went "nuts" back in '09 when I briefly considered buying a used late model Volvo S40 just to get better seats. Found that the seats were no better than my current Civic but she made me miserable for the few days I actually went test driving them! A shame that she reacts so stupidly when an idea I have is different than what she thinks is logical.

    Will have the funds within a short time period, but the point is it's not a smart financial move on my part especially since I was let go from Uncle Sam and am deciding between retirement & some other plan for the future. The point of my rant is that I'd like to eventually get something much more comfortable EVENTUALLY with a power seat so I can have the perfect pain free driving position. Time will tell!

    Thanks guys for letting me get this out finally in a community that understands about my passion for cars. She doesn't get it...sure most wives don't...but I'm tired of settling & always doing the right thing financially also!!!!

    (End of rant)! :)

    The Sandman :) :sick: :shades:

    2014 Hyundai Tuscon SE/2005 Mazda 3s/2008 Hyundai Accent GLS/2009 Nissan Versa SL hatch

  • explorerx4explorerx4 Central CTPosts: 9,614
    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.
  • carthellcarthell Posts: 124
    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.
  • explorerx4explorerx4 Central CTPosts: 9,614
    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.
  • kyfdxkyfdx Posts: 27,640
    My last car payment was made earlier, today..

    Well... it's only the last one, until next month... :)

    Prices Paid, Lease Questions, SUVs

  • steverstever YooperlandPosts: 39,964
    If you have a payment or thinking about getting into one, this new calculator will tell you what you'll really be paying for that new car.

    Edmunds Releases New "Foursquare" Style Simplified Car Pricing Calculator

    Need help navigating? - or send a private message by clicking on my name.

  • michaellnomichaellno Posts: 4,300
    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.
  • garywoodsgarywoods Posts: 3

    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.
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