like the title say since it's so cheap anyone paid it off yet?? Cuz I already paid my off which means I will have more money for mods haha

 

yeah, i wrote just one big check...

 

I'm sort of paid off. I gave them two checks, one from me, and one from my sister. I'm paying back my sister as fast as possible, because she's letting me off interest-free. I love the Bank of Family.

 

pfft....like that would ever happen here....

 

I borrowed my own money. Kinda paid off. Even though I don't have my car yet.

 

on the payment plan...well i just get what i can get not a rich guy, but i put 5 grand down

 

yea me too haven't gotten my car yet but paid it off already..... hope it will come sometimes next week

 

Just paid off my Civic, and now I'm in for 60 months more of payments. I just have to keep telling myself, " I love my car. I love my car. I love my car."

 

Amen Brother!!

 

It feels good to have that big purchase paid off but.....it doesn't make much sense having $16000 + of your money tied up in a depreciating asset. It is better to borrow the money, interest rates are so low right now, and get that $16000 working for you. You should be able to get a higher rate of return for your money than you are paying in interest on the loan.

Just another way of thinking about it. I truly understand the pleasure of having no monthly payments, but you can come out of it better in the end. I use this process to justify leasing my vehicles and therefore driving something new every 3-4 years.

Cheers.

 

iono man I just love to not having any bills. Cuz with my DC5 damn it was hard to have bills and balling with all the jdm parts I had..... plus I dont need any credit cuz my credits r very hight and very good

 

I couldn't agree more. I could write a check for a Fit, but I'm just going to have my LLC lease or buy it (probably buy, as I want to mod). It'll be a tax write-off that way (business vehicle), and I can make considerably higher returns on that $16k if I retain the cash.

Always retain the cash, cash is king.

 

wish, i could have it paid off.. well, i wish someone else would pay for me but unfortunately thats not the case

 

I traded in a 2004 Honda Pilot, so needless to say I get a Fit for free along with a check for several thousand dollars. Thanks Honda, nice doing biznass with ya!

 

35 payments or less to go.

 

Me too, traded in a 2005 WRX, got a check back

 

I paid it off. I hate monthly payments.

 

Paid it off here too.

.....

If the borrowing money to buy the car and investing the $16000 were just a sure-fire great deal with no chance for that backfiring, the bank would just invest in whatever you were going to invest in, instead of lending you the money. You think you're smarter than the bank?

If you're into that, you might as well have a margain account too with your broker. But I dont recommend that either.