Comments on: Breaking News: We’ve paid off our car loan early!

By: How we dripped our way out of debt at Clever Dude Personal Finance & Money

How we dripped our way out of debt at Clever Dude Personal Finance & Money — Wed, 20 Jun 2007 11:03:17 +0000

[...] After reading NoCreditNeeded’s article titled “Drip, Drip, Drip Your Way Out of Debt“, I got to wondering “How much interest did we save by paying off our Malibu almost 4 years early?” [...]

By: Murphy's Law: Pay off your car, get into an accident at Clever Dude Personal Finance & Money

Thu, 14 Jun 2007 11:02:22 +0000

[...] 4 days ago, we paid off the last $3,300 on our Chevy Malibu. But what can go wrong, will go [...]

By: Oops, forgot to mention this about our Chevy payoff at Clever Dude Personal Finance & Money

Tue, 12 Jun 2007 22:32:29 +0000

[...] the way back on the 9th (uh, Saturday), I wrote how I sent off the final check to pay off our Chevy Malibu. However, I forgot to mention some other important, and interesting, [...]

By: Clever Dude

Clever Dude — Sun, 10 Jun 2007 17:21:49 +0000

Thanks everyone!

I should have mentioned that this was a 72 month (6 year) loan that we paid off about 3.5 years early!

When you account for the negative equity that we rolled into this loan, it was about $25,000 we paid off over 2.5 years!

By: Lau

Lau — Sun, 10 Jun 2007 14:54:51 +0000

Congrats on the car loan! It always feels great to be able to scratch one item off of your list of debts.
I’ll be able to pay our car loan next February as well. 2 whole years before it’s due. I can’t wait!

By: NCN

NCN — Sun, 10 Jun 2007 02:51:46 +0000

You KNOW I’m loving this news! Way to go… I totally agree with your decision you made. Now, on to the next goal! Keep it up,
NCN

By: Weekend Financial Roundup | The Money Mythos

Weekend Financial Roundup | The Money Mythos — Sun, 10 Jun 2007 00:27:53 +0000

[...] Dude paid off his car loan early. Oddly enough, I am in the exact same situation – about $3000 on a 1.9% interest loan. And I have [...]

By: Patrick

Patrick — Sat, 09 Jun 2007 22:48:16 +0000

Congrats! I’ve paid off low interest debt before just to get rid of it. It feels so good! And when you think about it, you only would have made a few extra dollars. In my opinion, a few dollars is well worth the piece of mind of not owing that debt any longer!

By: Lulu

Lulu — Sat, 09 Jun 2007 20:26:04 +0000

I am going to do the same thing with one of my loans this month. I have about $400 left on it and that is about one month’s income as a student. I cashed out my little emergency funds and I am going to pay that full amount off this month. Feels good.

By: J2R

J2R — Sat, 09 Jun 2007 16:01:56 +0000

I currently have 2 car loans. I do enough money to pay one of them off sitting in a money market account. The reason I haven’t done it yet is because I wanted an emergency fund.
But I’m really considering paying off one of the cars just for the feeling of freedom. (At least partially, since I’ll still have one remaining)