Author Topic: This is sad..... (Read 459 times)

Udie · « **on:** March 15, 2002, 10:33:01 AM »

But I'm proud of myself today

Today at lunch I finish the first "long term" commitment in my life. I will pay off my car at 12:05 pm

I remember 4 years ago when I used to have money, then I actually managed to get a loan and bought the car. Now, in two weeks, I'll have money again!!!!!!!!!!!!

FINALLY!!!!! I'm an owner!!!!!!

it's just too bad the car is worth about $500 less than what I'm about to go plunk down

Life is sometimes good

capt. apathy · « **Reply #1 on:** March 15, 2002, 10:39:55 AM »

hate to be the one to mention it but 3 weeks after i paid off my first new car it finally quit for good, the up side is the salvage yard gave me $150 for it so i had some beer money

hblair · « **Reply #2 on:** March 15, 2002, 10:42:39 AM »

hehe, You'll never see this 'ol boy finance a car. Bought my wife a wrecked '98 Mazda MPV ES last summer. It was hit in the Lt frt and Lt Rr. Repaired it, and after all is said and done I have about $3500 in it (used only OEM parts too:)). She books for about 15-17k.

Bwahahaha!

LePaul · « **Reply #3 on:** March 15, 2002, 10:53:45 AM »

Congratulations

I finally paid off my 1995 Saturn SC2 ("Sports Coupe") a few months ago. I stretched the payment out since I was way low on cash between jobs back in 1997 and re financed, etc.

Car is still working well, but everytime I take it to Saturn for service, they find "$400 - $800" worth of things that need repairing. Conviently, the sales guy shows up and wants to show me the new Saturn SUVs, etc.

I'm tempted to just go buy another new car, but I really like being loan free. The only other loan I have out is on the ZX-9R (motorcycle). So, for the meantime, I'm doing these repairs as I can afford em.

I did all the preventative maintenance, but a 7 year old car up here in Maine gets ridden hard (pot holes, weather, etc). Just seems that as soon as the payments are done, the repairs fill in the gap!

capt. apathy · « **Reply #4 on:** March 15, 2002, 10:57:48 AM »

Ya, that was my last new car. now i pay cash for everything. I'd rather have a 5-10k car paid for outright than a 20k+ car that i'm a slave to the payments for

hblair · « **Reply #5 on:** March 15, 2002, 10:58:51 AM »

I never have lost money on a car. Back in about '93, I bought a '87 Chev S-10 hit in the frt for $900. Bought parts for it, ended up with about $1200 bucks in parts(all OEM), went ahead and painted the whole truck. It was a nice looking lil ride when I was done. Drove it for about 2 months, and was OTW to work one morning just before dawn, was turning into a convenience store to get a coke (had blinker on and everything), some joker plows into me from behind, knocked me off the road, ran over a few signs. Was a mess. Totalled my lil jewel. But have no fear! ALFA paid me $4300 for it!

Bwahahahaa!

Ripsnort · « **Reply #6 on:** March 15, 2002, 11:01:55 AM »

Congrats Udie! Its always sweet to pay off debt and be out of it...incidently, did you know the avg. (whatever they guage Average by) American is $7,000 in debt to credit cards alone?

Needs and wants. Divide your future purchases into each catagory. Pay cash for your "Wants" and if you have to, use the credit card for the "Needs" if you cannot pay cash.

Udie · « **Reply #7 on:** March 15, 2002, 11:03:41 AM »

HBLAIR,

I know what you mean, I had always paid cash for my cars (well dad did) before this one. But daddy wouldn't help his vagrant son out at the time so I was forced to get fluffied by the used car guys. Never again

I've been around the car business before and know how it works. At least now I have something positive on my credit rating.

Next one is a wholesale 1 yr old car...... But that's a few years away

MrBill · « **Reply #8 on:** March 15, 2002, 12:23:27 PM »

Took my 21 year old van conversion for her yearly checkup. Ooops ... $1700.00 bucks worth of stuff needed.

checked out the cost of a similarly equipped new van $85K ... makes the $1700 sound like a real bargain.

I've only bought one "new off the showroom floor" car in my life, and even after selling it for 4 times what I paid for it (had it 30 years) I never again could swallow the payment routine.

Udie · « **Reply #9 on:** March 15, 2002, 12:40:09 PM »

THAT'S IT!!!!!!!!!!!!!!!!!!!!!

I'M OFFICIALY AN OWNER!!!!!!

Sikboy · « **Reply #10 on:** March 15, 2002, 03:03:17 PM »

Quote

Originally posted by Ripsnort
Congrats Udie! Its always sweet to pay off debt and be out of it...incidently, did you know the avg. (whatever they guage Average by) American is $7,000 in debt to credit cards alone?

Lol, my wife and I blow that curve out bad. Lived off the credit cards while I was an Undergrad, and she was in graduate school Sort of like hi intrest student loans. Now we're working, but we're still broke, since now we're paying off those credit cards. It's funny how things work out sometimes.

-Sikboy

Karnak · « **Reply #11 on:** March 15, 2002, 11:55:33 PM »

WTG Udie!

I, on the other hand, will be making payments for a long, long time.

Stupid 30yr mortgage.

capt. apathy · « **Reply #12 on:** March 16, 2002, 09:07:17 AM »

at least on the mortgage you're making payments on something getting more valuable.

i've been paying cash for as much as possable for 18 years now. i almost never buy anything i can't pay for outright. i've driven real POS cars for years to get to the point where i can put 5-10k cash on a car when it's time to replace the old one.

the down side is that after all these years of responsable spending i've finally got together enough for a 30% down payment on buying my own house.

turns out nobody wants to loan you any money for a mortage if you have no previouse debts.

they actually told me at one mortgage company that if i had credit cards(never had one until a week ago) and trashed my credit it would be better than no credit, i guess that way it woulld show that i could fix the problem if it occured:rolleyes:

i can't believe 18 years of living within my means is a bad thing