| Re: No more car payments... woohoo! |
Subject: Re: No more car payments... woohoo! by Mr_Mojo on 2009/1/26 15:11:21 Congrats on the payoff! I was lucky enough to pay off both vettes within a few months of each other. One was paid off with a tax refund and the other with the profit off a land sale. Now if I could just pay off my truck!!!! My first loan I actually overpaid and was sent a refund check, that's always nice. As for financing a car through your house, I've thought about it. I have enough equity to but a Bentley, but why? I don't need a Bentley. I'd rather keep my house paid off as it is right now and not have to worry. I can understand the why worry about savings when you have to make a mortgage payment anyway, might as well live it up. But I'm lazy and if my house is paid off, I only have to worry about taxes and utilities. If I refinanced my house to buy another car, I'd have to work everyday again, I don't want to. I'm comfortable they way it is. I'd rather take the money that I was paying towards my car and put it away so I could buy my next car for cash and not have a payment. Once my truck is paid off and the wife's car, that'll be $1200 in my pocket each month that I didn't have, and that will be nice to have. |
