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Paid off our car today!

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laz98
Senior Contributor

Paid off our car today!

wow, what a weird feeling!  people are always saying that you're almost always going to have a car payment...well not us!  it's going to be great!  Smiley Very Happy
Message 1 of 11
10 REPLIES 10
MarineVietVet
Moderator Emeritus

Re: Paid off our car today!

Huge congrats!!!! Paying off any type of debt is cause for celebration.
Message 2 of 11
Imhotrodcrazy
Valued Contributor

Re: Paid off our car today!

CONGRATS to you!!!!   I have not had a car payment in over 24 yrs. 
FICO 08
TU 842 12/8/18
EX 840 12/29/18
EQ 842 12/8/18
(NASA 30K) ( Amex 44k ) ( Freedom 10.6K ) ( US Bank Cash+ 20k, LOC 15k ) Winners never quit, and quitters never win
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Message 3 of 11
LIGHTNIN
Moderator Emerita

Re: Paid off our car today!

It's a awesome feeling!!! DH  paid his off  last year and mine paid off 4/2006.

 

Go give your car a good  carwash and both of you will feel wonderful.Smiley Tongue

FICO Dec 2025 EQ760~~Live below your means and always keep an emergency fund -Love Everybody ~ Big Kenny ~ Big and Rich ~~~~~Credit Scoring 101 - Common Abbreviations - Freq Req Threads - Free Credit Reports - What Steps Do I Take?DV? PFD?
Message 4 of 11
llecs
Moderator Emeritus

Re: Paid off our car today!

Congrats, Laz! What are you going to do with the extra dough?
Message 5 of 11
Anonymous
Not applicable

Re: Paid off our car today!

Congratulations, Laz! Smiley Happy

 

Awesome news!

Message 6 of 11
DI
Super Contributor

Re: Paid off our car today!


@laz98 wrote:
wow, what a weird feeling!  people are always saying that you're almost always going to have a car payment...well not us!  it's going to be great!  Smiley Very Happy

Super Congrats! I can't wait until Jan. or May 2010 when I pay off mines.  The day I pay if off, I'm going to take it to get it shined up to feel like a brand new SUV.

Message 7 of 11
Anonymous
Not applicable

Re: Paid off our car today!

I despise car payments! Good job OP!
Message 8 of 11
MattH
Senior Contributor

Re: Paid off our car today!


@laz98 wrote:
wow, what a weird feeling!  people are always saying that you're almost always going to have a car payment...well not us!  it's going to be great!  Smiley Very Happy

Congratulations!  Now you can:

 

  1. Buy a bumper sticker that says "don't laugh, it's paid for!"
  2. Resolve never again to have a car payment
  3. Open a savings account into which every month you deposit the amount of your car payment

If you do (3) above right away then you can probably accomplish (2) above.

 

 

TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
If you dunno what tanstaafl means you must Google it
Message 9 of 11
Anonymous
Not applicable

Re: Paid off our car today!


@MattH wrote:

@laz98 wrote:
wow, what a weird feeling!  people are always saying that you're almost always going to have a car payment...well not us!  it's going to be great!  Smiley Very Happy

Congratulations!  Now you can:

 

  1. Buy a bumper sticker that says "don't laugh, it's paid for!"
  2. Resolve never again to have a car payment
  3. Open a savings account into which every month you deposit the amount of your car payment

If you do (3) above right away then you can probably accomplish (2) above.

 

 


Corollary to 2. is to resolve never to have another new car. I have committed to purchasing "pre-owned" luxury cars. I have saved a fortune and always have a nice ride. Let someone else pay the instant depreciation. For me an auto note is just a tool to further improve my credit standing. Why should I have a $700/mo. car payment for a vehicle I can drive for < $200/mo.?

Message 10 of 11
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