Just payed the truck off!!!
Congrats on paying it off, and to have the feeling of knowing your truck is now fully yours is awesome. I paid the downpay on my truck ( $3k ) when I bought it and when I decided I liked it a few months later I paid it off completely with some savings I had.
Senior Member
Joined: Jan 2008
Posts: 288
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From: Toronto
I know it is tough, but seriously if at all possible, pay one off and then put payments in the bank, forcing yourself to live with the vehicle you paid off until you have enough to pay cash for the next one. Then NEVER buy another vehicle that you can't pay cash for. Making payments to yourself and earning interest instead of paying it is sooo much better. Made my last car payment in 1986 and will never again buy more of a car or truck for myself or my wife than what we can write a check for. BTW this 2008 Super Crew XLT was the first new vehicle we have purchased since 1994 - usually used (1 or 2 years old) is a far better choice financially.
I just wish I could do it, instead of borrowing and knowing I could be doing better for myself if I were smarter with my money.
I'm not drowning in debt or anything, but it still bugs me to owe anything at all.
Senior Member
Joined: Jun 2008
Posts: 537
Likes: 0
From: Taylorville,IL
yea...i kinda got screwed on the price when i bought it but oh fricken well...i bought it a bit over a year ago when the truck market hadn't gone to hell yet..i paid $20,000 for it
it probably won't take me the 4 yrs to pay it off but thats how much longer the loan is for..
it probably won't take me the 4 yrs to pay it off but thats how much longer the loan is for..
Senior Member
Joined: Aug 2006
Posts: 611
Likes: 0
From: Sunny Cal, WV
I got two years left on the truck....and 28 years on the house.....damn it never ends, and as much as I like to pay stuff off it just gives me room in the income to buy something else. It's a never ending cycle.
Certified Goat Breeder
Joined: Feb 1999
Posts: 6,182
Likes: 19
From: the moral high ground
Two more years for me then I'm thinking about getting my own place.
I thought about getting a new truck when this one's paid for rather than move out.
I asked my dad if he would help with new payments but, he just gave me the same old excuses...
"Son, your mother and I are on a fixed income, besides you're 53 years old."
I thought about getting a new truck when this one's paid for rather than move out.
I asked my dad if he would help with new payments but, he just gave me the same old excuses...
"Son, your mother and I are on a fixed income, besides you're 53 years old."
Senior Member
Joined: Nov 2007
Posts: 509
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From: Marrero,Louisiana
i have 30 payments to go.i have to get extensions for hurricane katrina and hurricane gustav and i had some financial hardships so if i would have never gotten extensions i would have alot less but it is coming down.i too am about to start picking these payments up so i can say fug it im done!i swear i will never get another brand new vehicle again.
Senior Member
Joined: May 1999
Posts: 3,188
Likes: 3
From: Kansas side of the greater KC area
Congrats I hope to be there very soon myself once I get my tax refund I opted to take the first time home buyers credit/loan so that will pay off the truck. Then I can split what I pay on the truck now save half and take the other half put that towards my morgage and other debts to get them paid off faster.
Senior Member
Joined: Sep 2003
Posts: 599
Likes: 0
I ended up taking the day off work because I wasn't feeling good this morning. But I atleast got something done while sitting here, I just sent my final payment off to the bank! I am very happy to have it paid off, one less thing to worry about especially now days with the economy the way it is.
Hey, I just paid off my 2004 too! Feels Good, doesn't it!
I imagine a lot of 04 owners are hitting the end of their Pay books..
Congrats!!
Member
Joined: Nov 2008
Posts: 50
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Not to mention that you can usually negotiate a better deal when they know that you have the cash to do the deal, no need to determine if you can get a loan, etc. The salesmen know that you are going to do a deal if they can reach an agreeable price.
Technical Article Contributor
Joined: Nov 2005
Posts: 889
Likes: 0
From: Land of 10,000 Lakes
Congrats to everyone who has gotten theirs paid off!
I was very lucky to get my paid off in 24 months.
It is a great feeling and the best part is not having to see that bill in the mail every month!
I was very lucky to get my paid off in 24 months.
It is a great feeling and the best part is not having to see that bill in the mail every month!
Senior Member
Joined: Sep 2003
Posts: 599
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The bad part is we had to buy my Wife a car.
I was hoping to get a year out of her old one (2000 Olds Bravada) but it needed more repairs than it was worth.
You just can't win.. Anyway, we are liking the 08 Limited Taurus X Crossover we got for her.
3 Row seating, Leather, AWD, Microsoft Sync, DVD for the kids.
I'm sure by the time it's paid off, my truck will need replaced.. I hope not!
I was hoping to get a year out of her old one (2000 Olds Bravada) but it needed more repairs than it was worth.
You just can't win.. Anyway, we are liking the 08 Limited Taurus X Crossover we got for her.
3 Row seating, Leather, AWD, Microsoft Sync, DVD for the kids.
I'm sure by the time it's paid off, my truck will need replaced.. I hope not!