Comments on: Four Years Without A Car Payment http://www.ncnblog.com/2009/09/08/four-years-without-a-car-payment/ Debt Reduction Rocks - We Are Living Debt Free! Thu, 18 Mar 2010 08:26:02 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: aquavitaua.com http://www.ncnblog.com/2009/09/08/four-years-without-a-car-payment/comment-page-1/#comment-175873 aquavitaua.com Tue, 22 Sep 2009 12:50:35 +0000 http://www.ncnblog.com/?p=2551#comment-175873 Excellent post! I too paid cash for a vehicle for the first time in my life about 5 years ago. Congrats on your accomplishment! http://aquavitaua.com/ - thats my rusian site.. Excellent post! I too paid cash for a vehicle for the first time in my life about 5 years ago. Congrats on your accomplishment! http://aquavitaua.com/ – thats my rusian site..

]]> By: vega http://www.ncnblog.com/2009/09/08/four-years-without-a-car-payment/comment-page-1/#comment-175394 vega Mon, 14 Sep 2009 14:42:03 +0000 http://www.ncnblog.com/?p=2551#comment-175394 Thanks for article, many people write but not many write interestingly, on it I very much like to read you, thanks once again Thanks for article, many people write but not many write interestingly, on it I very much like to read you, thanks once again

]]> By: Mike http://www.ncnblog.com/2009/09/08/four-years-without-a-car-payment/comment-page-1/#comment-175284 Mike Sat, 12 Sep 2009 17:18:54 +0000 http://www.ncnblog.com/?p=2551#comment-175284 Congrats, good for you. Not only do you not have to worry about car payments, but you can also take satisfaction in knowing you no longer have to pad the banks profits with interest on the loan. Congrats, good for you. Not only do you not have to worry about car payments, but you can also take satisfaction in knowing you no longer have to pad the banks profits with interest on the loan.

]]> By: Egirl http://www.ncnblog.com/2009/09/08/four-years-without-a-car-payment/comment-page-1/#comment-175262 Egirl Sat, 12 Sep 2009 06:52:13 +0000 http://www.ncnblog.com/?p=2551#comment-175262 Excellent post! I too paid cash for a vehicle for the first time in my life about 4.5 years ago. Congrats on your accomplishment! Excellent post! I too paid cash for a vehicle for the first time in my life about 4.5 years ago. Congrats on your accomplishment!

]]> By: Lee http://www.ncnblog.com/2009/09/08/four-years-without-a-car-payment/comment-page-1/#comment-175099 Lee Wed, 09 Sep 2009 13:27:47 +0000 http://www.ncnblog.com/?p=2551#comment-175099 Congrats! Technically my last car payment was in 2005 for a car I bought in 2003, but I was cheating myself really. In fact, it shows how financially stupid I really was back then. I paid off my 3% car loan with a 10% unsecured personal loan because I wanted some cash for other purchases! How mad is that? At the beginning of this year (6 years later!) I said "enough is enough" for my own reasons (see the "My Financial Meltdown" series of posts on my blog if you're interested), and replaced that loan with an 8% unsecured loan that I am due to complete in a few months time! For the first time in my adult life, I will be DEBT FREE. And it feels great. It's just such a shame it has taken me so long to realise. Congrats! Technically my last car payment was in 2005 for a car I bought in 2003, but I was cheating myself really. In fact, it shows how financially stupid I really was back then.

I paid off my 3% car loan with a 10% unsecured personal loan because I wanted some cash for other purchases! How mad is that?

At the beginning of this year (6 years later!) I said “enough is enough” for my own reasons (see the “My Financial Meltdown” series of posts on my blog if you’re interested), and replaced that loan with an 8% unsecured loan that I am due to complete in a few months time!

For the first time in my adult life, I will be DEBT FREE. And it feels great. It’s just such a shame it has taken me so long to realise.

]]> By: jason http://www.ncnblog.com/2009/09/08/four-years-without-a-car-payment/comment-page-1/#comment-175078 jason Wed, 09 Sep 2009 04:58:15 +0000 http://www.ncnblog.com/?p=2551#comment-175078 When shopping for a car, inquiring about a loan is a good idea as the dealer makes money off the financing, and will give a better discount. If you have a good credit score, you can negotiate the interest rate (which we did on our last car to match the best rate I saw locally). Even if you can pay cash, you can take out a loan and pay it off immediately (as long as it doesn't come with a pre payment penalty (which I've personally not seen on a car loan),thus insuring an extra discount. That is a fairly well known car buying trick... When shopping for a car, inquiring about a loan is a good idea as the dealer makes money off the financing, and will give a better discount. If you have a good credit score, you can negotiate the interest rate (which we did on our last car to match the best rate I saw locally). Even if you can pay cash, you can take out a loan and pay it off immediately (as long as it doesn’t come with a pre payment penalty (which I’ve personally not seen on a car loan),thus insuring an extra discount.

That is a fairly well known car buying trick…

]]> By: Wayne Silverman http://www.ncnblog.com/2009/09/08/four-years-without-a-car-payment/comment-page-1/#comment-175070 Wayne Silverman Wed, 09 Sep 2009 03:53:54 +0000 http://www.ncnblog.com/?p=2551#comment-175070 It's been 5 years for me, I bought a 97 Lexus ES300 from a dealer that didn't want it because it didn't have heated seats, I bought it 3 years old in 2000 with 75,000 miles on it. I had car payments for 4 years (actually 5 but I paid it off early) and I've had no payments for over 5 years! now have 187,000 miles on it....and still running strong, my mechanic told me the car should last for 250,000 so I'm hoping for a few more years! And yes I save the difference in a high interest checking account. It’s been 5 years for me, I bought a 97 Lexus ES300 from a dealer that didn’t want it because it didn’t have heated seats, I bought it 3 years old in 2000 with 75,000 miles on it. I had car payments for 4 years (actually 5 but I paid it off early) and I’ve had no payments for over 5 years! now have 187,000 miles on it….and still running strong, my mechanic told me the car should last for 250,000 so I’m hoping for a few more years! And yes I save the difference in a high interest checking account.

]]> By: nickel http://www.ncnblog.com/2009/09/08/four-years-without-a-car-payment/comment-page-1/#comment-175065 nickel Wed, 09 Sep 2009 02:23:00 +0000 http://www.ncnblog.com/?p=2551#comment-175065 Congrats. Amazing how far you've come, isn't it? Congrats. Amazing how far you’ve come, isn’t it?

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