No More Car Payments!

[4jacks]

Hey guys,

The wifey and I made our very last car payment today!

We're very happy about that!

[garyatk]

You should be! Congrats!!!!

[pochax]

Congrats, 4jacks! it will be nice to see that title in YOUR NAME with no liens!!!

[Tristan]

Hey guys,

The wifey and I made our very last car payment today!

We're very happy about that!

Woo! Congrats, Patrick!

On a side note, my wife and I picked up a car payment yesterday. :P

[pochax]

On a side note, my wife and I picked up a car payment yesterday. :P

Tristan, is this a previously mentioned Infiniti G35 perhaps?

[clydewolf]

4jacks,

Congrtulations! That is a good mark to reach.

Now What do you do with that car payment?

I think you know you put that toward other debts or start a "New Car Fund".
This vehicle will not last forever.

[KrozFan]

It's nice to not have any car payments isn't it.

[Tristan]

On a side note, my wife and I picked up a car payment yesterday. :P

Tristan, is this a previously mentioned Infiniti G35 perhaps?

It is, indeed! 2006 6-speed manual transmission G35 sedan . I got a great deal on it! Now, my wife and I will be focusing on paying it off early.

[4jacks]

Thanks Everyone

And congrats on the G35 Tristan! Bling Bling

Now What do you do with that car payment?

Well, we do have one last debt, a student loan for just over $9,000.

However, we are going to put paying that off on hold, becuase we need to look at moving. As I've mentioned previously, we live w/ my brother and that was never meant to be permanent. The longer we stay the better off financially we are, however we really need to move out in 6-8 months.

So we will be stock piling our house savings fund for now, and in about 5-6 months we will start looking for either a small home to rent or a nice apartment. It will be a little difficult because we have two dogs.

We will also beef up our emergency fund. We will both be keeping our cars for a very long time. I drive an 02 Honda civic, and she has the 05 Scion Tc (toyota) So we will sit in them for a long time. Once we get settled in a new house we will work on a savings plan to replace them. Till then if something catastrophic happens to them we will be stuck picking up a junker and driving that.

[clydewolf]

4jacks,

Thanks for the feedback.

We wish you the best on finding the house that is right for you!
Keep up the good work on your finances.

Have a little celebration on this success!

[matt]

Congrats Patrick!

[bob]

Tristan that is so nice of you to let me borrow your G35 this weekend for your 10 Day Give!

[Tristan]

Tristan that is so nice of you to let me borrow your G35 this weekend for your 10 Day Give!

Haha!

[sarcasm]Bob, it's the least I could do for someone who is going to pay off the remainder of the loan! [/sarcasm]

Seriously, though, if you and Linda want to borrow it just let me know. And if you need to fill up, just remember -- it only takes premium!

[bob]

only a techie would know that there was a secret [Sarcasm] tag

[dklange]

Congratulations!

I didn't have a car payment for almost two years, then I decided I needed a new car because I didn't have time to take my old car into the shop to get fixed. I don't like having a car payment. That is what I think I'm going to focus on paying off next.

[4jacks]

Thanks DK,

Just an update on our plans. Heather and I sat and talked things through again. We've decided to pay off the Student Loan first, and then save for a house, It might take a little bit longer, but it's the better thing to do.

[brewerja]

My wife and I have a car payment and it feels like we are in bondage... Thankfully we have been working hard at paying it off and have around 2000 dollars left on it. Our goal is to have it paid off this summer

[4jacks]

My wife and I have a car payment and it feels like we are in bondage... Thankfully we have been working hard at paying it off and have around 2000 dollars left on it. Our goal is to have it paid off this summer

That's a good plan, stick to it, and you will be very happy you did!

[joseph]

Used all my tax return last year to pay off my car. Now I'm finally, totally free from debt!

[4jacks]

Congrats Joseph, that is awesome. Cant wait to join you,

[ChristFollower]

Congratulations on paying off your car! i hope moving goes well

[makemoneyonline]

Congrats! I can say 'Yeah and Amen'! I know how good it feels! We finished our car payments as well a few months ago. Very nice to not see that amount getting drawn out of the account every month.

Talking about tax returns, we used ours this year to pay off all our back rent, and even paid ahead for the rest off the year! Good feeling not to have that hanging over our heads anymore!

[4jacks]

Thanks MMO, glad to say we are now completely debt free. I never thought about paying our rent in advance, That would be awesome to not have that payment, but one part of me would fight giving them a free loan. Our property company has a promotion where if you pay early X number of days you are entered into a drawing and one person from the development wins $150 off thier rent the next month. We won that once, so now we always try to pay early if we can.

[Jonathan K]

We paid off the remaining $4000 on our car last month! Praise God we are debt free!

Cheeetaaaaaaaaah!

See: http://www.youtube.com/watch?v=mWEb3D7WB_A

Proverbs 6:4–5 says, “Give no sleep to your eyes, nor slumber to your eyelids. Deliver yourself like a gazelle from the hand of the hunter, and like a bird from the hand of the fowler.”