man 1G a month after 20g down . Is your credit very bad or what?Congrats ! 400.00 is nothing, my payment is 1K after putting 20K down
It's starting to get on my nerves so I guess I better get into gear. :biggrin:
-
Protip: Profile posts are public! Use Conversations to message other members privately. Everyone can see the content of a profile post.
NSX Paid off!!!
- Thread starter DrVolkl
- Start date
man 1G a month after 20g down . Is your credit very bad or what?
That's a tad personal. A question like that can be thought of but not actually asked. Besides, considering the variables a 1k payment is entirely reasonable.
Yeah...I made a bunch of payments at $400...then my last one was $23,387.34
I don't like having money tied up in autos, unless of course I plan on keeping it for more than 5 years...and at this point, I don't think I'll be getting rid of her anytime in the future.
I don't like having money tied up in autos, unless of course I plan on keeping it for more than 5 years...and at this point, I don't think I'll be getting rid of her anytime in the future.
I couldn't stand the thought of a loan payment on a weekend car, so I paid cash. Now, I am in the home stretch and will have my mortgage paid off on my house in a couple more years. Debt is bad!
- Joined
- 18 July 2005
- Messages
- 2,636
Pay the credit cards off first. :biggrin:
- Joined
- 18 July 2005
- Messages
- 2,636
man 1G a month after 20g down . Is your credit very bad or what?
He's got an 04, skippy. Car was probably 70 grand. Don't know how to amortize a loan?
6% APR, 5 year note on $50,000 = 967.00/m.
Where you getting 6% for an 2004 MY car from?:biggrin:
what loan shark was this? 14% thats absurd, especially with your good credit rating.
Nice thread. Glad to hear I'm not alone making payments Still have about 16 months to go but at 5% auto loan it's hard to think about paying off early. (Pretty cheap money).
Debt is bad!! The house has another 3-4 years to go and it's time to burn those loan papers too. Congrats on owning the NSX outright. What a great feeling!
Debt is bad!! The house has another 3-4 years to go and it's time to burn those loan papers too. Congrats on owning the NSX outright. What a great feeling!
Thats what I was thinking when I read that!
Mine is at 5.99% intrest due a month with no principle due, EVER! Its like about 400.00 a month but of course changes every month I make a principal payment.
After 9 months it goes up to 12.25% with no principle due. But I pay anywhere from 3 to 5 grand a month on principle just to get it down before the 9 months run out.
If I can get the NSX out of the way I can start paring on the Lotus I just bought.
And I'm closing on my new house next week for 3500 a month @ 30ys! Crap, Im getting a headache, gotta go.
I hear ya'! When we paid off the cars it was so nice to know that our monthly expenses went down as much as they did. It is actually amazing how if you eliminate things like car payments you can live pretty well on not a whole lot of money.
- Joined
- 18 July 2005
- Messages
- 2,636
What's "an 2004 MY car"?
I've got 3 payments left. I can't wait.
MY = model year.
Mine was paid in cash, but not all debt is bad.
A 30 year fixed is around 5.75%. Factor in the interest deduction, and you're looking at less than 4% for 30 years. Interest rates are near historic lows, so it would be a pretty good bet that rates will be higher in the future. That's why the world is awash in liquidity - they are giving it away right now.
I just purchased my 97 Yellow NSX in January 07 from a private seller in cash. It is a good feeling when your car is paid off.
ikes John! Any subtle way to steer her towards a nice used E36 M3 or something like that so you can share from time to time? My long-standing household rule is that only 'trackable vehicles' are eligible to be considered. Hey the good news is that Stoptech has the Murano in their application guide... but more than likely it would be best served as an extra parts/support vehicle at the shop. Aren't those just a 3.5L 6's thou? What is the effective towing capacity? :tongue:
Last edited:
This thread encourage me. I hate having a car payment. We just paid off our Jeep and the payments were only $200 a month. I dont think I will ever pay $400 a month for more than 4 years. Ok maybe 500 for 4 years if it was a chery NSX.
Its good to hear that a few paid cash for thiers, and some are close to actually owning. Congrats and best of luck.
Its good to hear that a few paid cash for thiers, and some are close to actually owning. Congrats and best of luck.
I would have to look that up...towing really isn't an issue for us....it would be mostly used for hauling a$$ up to go sking or taking her bike to Triathlons ect ect.
Last edited:
- Joined
- 18 July 2005
- Messages
- 2,636
Since when do they finance cars for 30 years? We're talking about automobile loans here, not mortgages.
And just FYI...though mortgage rates are on the lower end now, they were more near historic lows about two years ago. Thanks for trying, though.
Since when do they finance cars for 30 years? We're talking about automobile loans here, not mortgages.
And just FYI...though mortgage rates are on the lower end now, they were more near historic lows about two years ago. Thanks for trying, though.
They don't. I was obviously referring to mortgage rates, as you figured out. And I was responding a poster who mentioned home mortgages and said "debt is bad!" I apologize for not properly quoting and not transitioning properly from cars to home mortgages.
What part of the word "near" do you not understand? Two years and 100 basis points is "near" when using a 40 year historical range and rates ranging from 5% to 20%.
Oh, and just FYI, rates were not "more near" historic lows 2 years ago. Rates were AT historic lows 2 years ago. Rates are "more near" historic lows right now. Thanks for trying to correct me though.
man 1G a month after 20g down . Is your credit very bad or what?
I bought the car new for 76K + tax, tags etc with 5.9 %. I don't see how this would make my credit look bad considering I financed 60K for 5 yrs.
Similar threads
