Paid off my car today!!!

[charming23]

Thanks everyone. it does feel really good to have it paid off. I was working on the budget for next month and was so perplexed to see such a large amount left over, lol. I am putting half of what I paid into a savings so a few years from now when I do need a new car I can just pay cash.

 

[Wigit12]

Congratulations! Three more payments to go and I hope to be payment free for 2-3 years!! So excited. Will be a first for us also.

 

[TheRatPack]

We just paid ours off last month...now it needs a new compressor for the A/C and new brakes....etc. Oh well, at least it's paid off

 

[tkitty]

We just paid ours off last month. Then needed 2 tires for $550, and yesterday dropped $650 on repair for other paid off vehicle. Like above poster said, at least they're paid off! Next month I can start putting more away for WDW 2012. Yippie No car payments!
Of course my DH would run right out and buy another new one if I'd let him! (I accually havent told him the car is paid off, but I think he may know???)

 

[*Seanaci*]

We have about 10 months left till DH's car is paid off...it'll be 5 (long) years coming.

Congrats!

 

[canadianmom2boys]

Congratulations! And good luck at your interview!

 

[Jeff_G]

I am putting half of what I paid into a savings so a few years from now when I do need a new car I can just pay cash.

This is the way to go! Congrats!

 

[Riles_and_Gabe]

That is so great!

 

[Shelly F - Ohio]

Congrats on both accts. Now you should take 1/2 of the month car payment amount that you use to pay and put it into an acct and not touch it untill you need another car!
I did this and when it came time to buy my car I ask the dealership to reduce the price by $1,000 if I paid cash and they did. So not only did I not have to pay interest on a loan I had $1,000 extra in my pocket.

Where is the new job? I am waiting on a job offer to be given to me today. The Manager told me yesterday that HR would call me Fri or Mon.

 

[bjscheel]

Good job!

We have the van paid off, early, but it will need to be replaced at some point (hopefully not for a few years). What I really want to get done is pay off DH's pickup and tractor, because once those are paid for, they won't be replaced for a LONG time (the tractor probably never). Those two items will free up $500 each month. Then maybe we will replace the van and just have one payment.

I figured out if we added $500 to the debt payments each month and snowballed, I could have the pickup, tractor, AND the mortgage paid off in 4 years. I have not added $500 every month though. Hopefully I will be able to most of the time.