after 3 yrs i finally paid off my car loan...it was suppose to be a 4 yr loan but i had enuff money saved up so i decided to pay it off so there's extra loot every month now....now i know how it feels like after people paid off their cars...i guess its unexplainable but this R is only my 2nd car that i ever owned...lookin fwd for more yrs to come to enjoy my R...

 

congrats ..is the "extra loot" going into the R?

 

congrats, gotta be a great feeling

 

<<----- paid in full as well... now if only the insurance wasn't as much as a damn car payment in itself.

 

the extra loot is goin to the savings account so i can save up for a new house with a garage so i can get her a safe home...after that, its gonna be a long project...i have so much planned for her right now...but money is the issues so i just have to be patient about the project......plus i'm plannin on getting the new Honda Fit as the DD...her mileage just hit 60k also so i want a 2ndary car to DD instead of the R...

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by jdmsta &raquo;</TD></TR><TR><TD CLASS="quote">the extra loot is goin to the savings account so i can save up for a new house with a garage so i can get her a safe home...after that, its gonna be a long project...i have so much planned for her right now...but money is the issues so i just have to be patient about the project......plus i'm plannin on getting the new Honda Fit as the DD...her mileage just hit 60k also so i want a 2ndary car to DD instead of the R...</TD></TR></TABLE>
Nice man! You got your priorities in line too.

 

Congrats to you man!! Getting a house is the best investment!!

 

I hope one day to make a thread like this.

 

Congrats, my last payment is coming soon...another 6months.

So, how about some pictures?

 

i'll get sum pix once i get sum...unfortunately, i don't have a digital cam...

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by jdmsta &raquo;</TD></TR><TR><TD CLASS="quote">i'll get sum pix once i get sum...unfortunately, i don't have a digital cam...</TD></TR></TABLE>
It's 2007 though?

 

congrats. I have about 6 more payments myself. good idea to save the extra money thats what i plan on doing.

 

Thats awesome. I still got 18 pymts to go.

 

That's great news. I'm in the same boat. My monthly draft went through for the usual $300 or so and I just need to go down to the bank this week and pay the remainer of the loan, around $65. wOOOt!!!

Now, to stop looking at E46 M3's now that the R is paid off.

 

Really, it's one of the best feeling ever. Paying a car off, well it was for me. I got my 2001 R new in November 2000 with 0 miles on her, $468 a month up until this past November when her last payment was do. Twas an awesome feeling walking out of my credit union that day.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by RC_JOE &raquo;</TD></TR><TR><TD CLASS="quote">Congrats to you man!! Getting a house is the best investment!! </TD></TR></TABLE>

I bought my house 13 months ago and the value has already gone up over 12,000 from what I purchased it at.

Almost time to build my garage out back. Then maybe get an R to keep in it.

Congrats on the car. I have 3 titles in my safe and yeah a great feeling.

 

Is it better to buy a car before a house? Or buy a house first? My coworker said it's better to buy a car first because it may be easier to get a loan for a house. She also said you can roll your car loan into your house loan so you can have one loan instead of two.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Outrun &raquo;</TD></TR><TR><TD CLASS="quote">Is it better to buy a car before a house? Or buy a house first? My coworker said it's better to buy a car first because it may be easier to get a loan for a house. She also said you can roll your car loan into your house loan so you can have one loan instead of two.</TD></TR></TABLE>

in for truth

 

I wouldn't roll a car loan into a house loan. You want as much equity as quick as you can when buying a house.

Also unless you put 20% down on a house you have mortgage insurance which is like 25.00-40.00 per month depends on how much the house costs. Wasted money IMHO.

When looking for a house, say 30 years @ 6% whatever your payment show up figure another 100.00-175.00 for insurance and taxes per month + mortgage insurance.

If you can buy a car and have it paid off before buying a house then definately will help credit.
Like me, I have paid cash for the last 6 cars I have bought and only financed the wifes van. That doesn't help **** with my credit score because there is no record of my buying those cars. Had I taken out a small loan to purchase the cars and then paid off the loan in 1 year I would have. But F' interest. I save and buy.

But I also don't need to build my credit hardcore right now. If you have a credit card the best way to build credit is use it to fill up your car once a month and pay the balance off EVERY let me say it again EVERY month. Carry a 0 balance, use it but pay it off.
That will build your credit faster than anything. But it may take a year to get into good numbers.

Hope that helps.