just paid a huge chunk of the car loan
If you can fix the car yourself, and have no payments, then your expenses are really just regular maintainance, modification parts, gas, insurance, and your time, without car payments and doing my own work, I can afford to own several cool cars.
Evolved Member
iTrader: (12)
Joined: Feb 2005
Posts: 1,148
Likes: 4
From: Crooklyn, Ny / Old Bridge, Nj
put down $10K, and took me around 9 months to pay off the rest. Worked my *** off, paying off a mortgage and $1000+ monthly payments for an Evo at the same time, but got it done.
My next payment will take me below $10K. I got a six-year loan in 2003 and I'll have it paid this year.
Make sure you analyze your other debt and your investments to see if paying a big chunk on your loan is the best use of that money. If you have a rate under 7% on your car loan you might be able to invest your $$ and make some interest. That's how Carnegie made some of his loot.
Make sure you analyze your other debt and your investments to see if paying a big chunk on your loan is the best use of that money. If you have a rate under 7% on your car loan you might be able to invest your $$ and make some interest. That's how Carnegie made some of his loot.
just put down 12,400 towards the car for this months payment but still owe 19,000. Hope to pay it off by May so i can buy a house! So who all is close to paying theirs off or already have and how long did it take you? If i can pay it off by May, then it would have taken me only 8 months.
11k left but i a had a serious of fortunate events...sold my 96 ss to a collector who gave up a good chunk for the car (didnt owe anything on it)
...then my buddy who owns a car lot found me a evo the next day which happened to be a repo...got it very cheap with only 30k on the clock perfect condition except for the peeling brembos
...
...

I sometimes wonder what I'm doing with such a car note.




