Paid In Full!!!

[Inkmahm]

Long story, but here's the gist. I had a 2003 Mazda Tribute that needed a lot of work. Decided to buy a new car instead of fixing the old one. Bought a KIA and they were running 0% financing for 3 years, so instead of trading in the car and playing that "game", I sold my old car to CarMax. CarMax pays cash, so instead of putting that money towards the new car I elected to completely finance the new car at 0% and pay off DVC. I esentially traded the 10.75% rate for a 0% rate.

Ah, now I understand. That IS a great deal to reduce your interest expense! Congrats on the paid off DVC.

 

[Disneypirate85]

Thats GREAT! Congrats to you....I too look forward to the "Paid in Full" stamp, BUT will add on. Shawn

 

[Coach81]

We are currently saving for our add-on.. the plan is to pay for most, if not all, with CASH!

 

[ssawka]

We are currently saving for our add-on.. the plan is to pay for most, if not all, with CASH!

Ya, we'll probably save the cash if we ever do an add-on, but in the case of our original purchase, we actually wound up paying less financing then if we had waited the year to pay cash.

We bought BLT after last year's webcast at $92 per point. I think the curent price is $112 per point (with incentives). That's an increase of almost 22%! I'd much rather pay one year's interest at 10.75%, especially given that the 10.75% is tax deductible.

 

[dizney4us]

It is a great feeling! Congrats and welcome to the club!