Car Paid Off!!

[monaarts_hotmail]

Last year my car started to have transmission problems so I started shopping around for a new vehicle. I bought a brand new, 2012 Honda Accord EX-L on April 24, 2012 for a relatively cheap price of $21,500 - and took out a loan of $17,760. I've been browsing these forums for almost a year and have taken a lot of advice from you guys and applied it to my life. With that said, I literally just put my last car payment in the mail!!!! Hopefully I will have the title for a 16.5 month old car in my hand in the coming weeks! I just wanted to thank you all for your input (outside of those saying I should sell the car).  

[sccredit]

SWWWEEEEEEEETTTTTTT!

[2011beginnings]

Congrats!

I just bought a 2011 Honda Accord EX black on black!

[monaarts_hotmail]

It's a great car and I love it.  My plan is to keep it for 7 years before buying a new car (so another 5.5 years from now).  And this is the last car I plan to take a loan out for, we are now saving cash to replace my wife's car in 3-4 years.  Not too bad for a 27 year old.  :-)

[HoldingOntoHope]

It sounds like you have educated yourself very well in credit matters and are setting yourself up for a solid credit future. Wish I was as smart as you when I was 27. Well, if they ever invent time travel.

[lajntx]

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@monaarts_hotmail wrote:

Last year my car started to have transmission problems so I started shopping around for a new vehicle. I bought a brand new, 2012 Honda Accord EX-L on April 24, 2012 for a relatively cheap price of $21,500 - and took out a loan of $17,760. I've been browsing these forums for almost a year and have taken a lot of advice from you guys and applied it to my life. With that said, I literally just put my last car payment in the mail!!!! Hopefully I will have the title for a 16.5 month old car in my hand in the coming weeks! I just wanted to thank you all for your input (outside of those saying I should sell the car).  

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I`d be very quiet saying you had a paid off car, and not jinx yourself. There are many idiots out there looking for a red light or stop sign to miss.

[monaarts_hotmail]

It's funny though...  A few years ago I was in a crappy situation.  I had several thousand dollars of bad stuff on my credit that I couldn't pay (medical bills, cell phone service, credit cards, etc.)  I finally decided I have to stop spending money on things if I ever wanted nicer things in life.  I paid off everything (good and bad) and made a promise to myself that I will never RELY on credit again.  Not that I won't use it, but I won't buy something anymore unless I can get a great rate (0% on my furniture for example) and I have the cash to pay it off.  It's been working pretty well the last 2 years that I've changed and I couldn't imagine going back to the way it was.

[azguy13]

Awesome! I thought I was doing well with paying off my 60 month is 4 months. Way to go!