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if circumstances permit, I am of the opinion one should save save save until they can pay for a car in cash without any additional payments...then drive the car for 10+ years, save save save...and repeat the process again...

unfortunately, given inflation, kids, house payments, blah blah blah...few have the luxury to go that route...

luckily for this car, I was able to pay in cash without having to incur any additional payments...all I needed is something simple, reliable, easy on gas, and reasonably priced...the Accord fit that bill...
 
if circumstances permit, I am of the opinion one should save save save until they can pay for a car in cash without any additional payments...then drive the car for 10+ years, save save save...and repeat the process again...

unfortunately, given inflation, kids, house payments, blah blah blah...few have the luxury to go that route...

luckily for this car, I was able to pay in cash without having to incur any additional payments...all I needed is something simple, reliable, easy on gas, and reasonably priced...the Accord fit that bill...
I'm excited that mine is now paid off, paid it off in less than 2 years on a 54 month note. It has 73,000 on it, I figure that's about 1/3 of it's usable life...........

At about 150,000, I'll buy something else...........
 
$12,716.25 left.

5 year loan on a used car at 5.9% and my name is on the loan I'm 17. Payments are only $270 but right now being in high school thats about the max I can afford. The initial loan amount was $13,500 in October. Nice seeing the amount payed on the principal go up and the amount paid towards the finance fee go down.
 
I still owe about $10k on my car. I paid $8k down on agreed price of $23k out the door on 66-month note at 4.3%.
 
I still owe 29k but I just purchased my car back in June 07. But at least I will be through by the time I graduate from college unless I trade it in before then for a 09 Accord. Yes, Trust me next time I will put down a huge down payment. There arent many discounts on Hondas down here in the South and I had a trade in(03 Accord used) with no down payment on my EX-V6 so go figure. :D But American Honda has been great to me!!
 
i got my accord last march paid it off in august :banana:
 
mine is paid off now:banana::banana:
 
Same here. Bought used (barely) in 05 for $19k for cash. Actually, charged the difference on my Discover Card and then paid the bill off the next month. Nothing like an extra 1 %.
 
It takes discipline, but paid my '07 off in 9 months vs. the 36 month loan.

I'm now working on the rest of my wife's Pilot loan. We bought the Pilot used about a year ago and it will be paid for about a year from now. Then to the mortgage....
 
1 payment left. $409. I got a 5 year loan in 2003 when I purchased it. I think the interest rate is around 4.6%.
 
61 - 75 of 75 Posts