Well It's Finally Mine!!!!!!!!
 

HI!... Well after 4 years, as of 2 days ago my truck is finally paid off!!! YEEHAW!!!!!


P.S : Let the MODS begin...............:D

congrats
 

Congrats Neal, makes it drive better doesn't it?:rocker:

Just don't put the boost too high! j/k:D

Congrats
 

19 more payments and I own mine too. I can't wait.

Bob:rocker:

Neal -

I can't express my joy for you. It is a great thing to finally own something that depreciates at such an alarming pace. I have personally given up on financing vehicles. My new policy is if 'I can't write a check for it - I don't need it.'

:D

DoggieDoc -

With the availability of 0% and 1% financing, it doesn't make much sense to write a check for a vehicle nowadays. Might as well use their money if they'll let you...

Just my $.02.


Neal - Congrats on the payoff. I can't wait 'till mine is done (14 more and the BIG shopping begins) :D

AnD IT FEEL"S GOOD
 

:wave: Alright Neal, Someday I will tell the world the Same thing(AROUND may 2004) for now WAY TOO GO!

Yes, but I am self employed, so if I can't deduct the interest what's the point?

HI!... THANKS GUYS! I got locked in at 0.4%. I put $4500(CAN) down and paid $703.00(CAN) a month for 4 years. Now I have more money to spend on mods, baby!!!!!!!!!!:D :D

:rolleyes: :rolleyes:

Yeah, just make sure the first thing you get is a good tow strap and make sure you put it in your truck. You might need it someday. ;) LOL !!!!

And you guys thought his truck was fast now. He has got another $700 CDN each month to drop into it if desired. GEEZ.

Have Fun & Keep on Truckin'
Dean

Congratulations Neal.
We've read of your stoplight exploits and now you've won the ulitmate race.
You've done gone and beat the Repo man!:thumbsup:

I'll be so happy when I can make a post like this.
13 more for me.

Damn 5 year financing!

DoggieDoc
 

Amen to writing the check. I was able to do that when I bought my '99 Lariat last year. Took me 4 extra years of driving my old 1986 Tempo and 400+ hours of overtime last year to do it, but the look on the finance managers face was priceless! "Will you be financing through us or your bank sir?"....."Neither"...."So you have already arranged financing?"...."You could say that." About that time my wife hands me the checkbook and the finance mgrs jaw hits the floor. (I am 27).

It was even more fun when we bought My wife's Contour that way 2 years before.:devil:

No we're not rich, just drove old vehicles while we saved up the cash for what we wanted. Anyone hear of Dave Ramsey:wave: ?

The point would be that the money you would have given them up front (purchase price) could be earning interest (or be invested in a CD, IRA, stocks, etc.) at a higher rate than what you are borrowing at (0%, 1%, etc.) by keeping it under your control.

Not the deduction; the ability to use your money to earn more money...

If Ford wants to loan you $30,000 interest free, why not take them up on it?

That's what I did! I took all the money I had to give to Ford as a down payment and instead invested it in a CD.

I got Disco Hits of the Seventies.
I was going to get Al Green but the Disco Hits was a two CD set.

:thumbsup:

Well a couple of points. Ford will loan you $30,000 interest free but only thru Ford Credit. You won't pay visible interest over time because those costs are included in the purchase price.

Next, if you are self employed and use your vehicle for your business, You can lease a larger truck like an F-350 , Excursion etc... and write off the lease payments plus get a gas-guzzler tax credit with deprciation that makes the first 2 years of ownership almost virtually free. You can then purchase the vehicle when when the depreciation rate slows down.Talk with your Taxman, you would surprised about that.