Who has their truck Paid off?

All paid off and still loving my Tacoma.

 

Bought my taco in '05 with 60% down and paid the balance off in 1 year.

IMO I'd rather ride the bus or pedal my bike than make a car payment. Both my vehicles are paid off and I don't use credit cards. I've had a job since my Freshman year in high school, often two at a time (I'm 29 now). It took me a lot of hard work to get to this point and I will never go back to the widely accepted system of modern slavery in this country that is credit. Credit for cars, credit for nice clothes, credit for toys to keep up with the 30K Joe Millionaires, credit for food and other daily purchases. The only loan I'll consider in the future is for a house.

BTW nobody seems to mention that when you buy a car you often can get either 0% interest or cash back. For example, Toyota recently was offering 0% interest on a Tundra or $2,000 cash back. Sure, zero interest is smart because it beats inflation, but that doesn't mean you are paying nothing by choosing the 0% interest option; you're really paying the opportunity cost of $2,000 upfront for receiving the loan. Consumer auto loans carry risk, so the cost of risk and financing is just tacked onto the vehicle's purchase price.

Last time I checked, high-yield savings accounts like ING are only paying 1% interest, so if you were to retain the down payment in a savings account you'd still lose money. There's no such thing as a free lunch!

 

Congrats!

 

Posted the last payment online yesterday evening! It's still pending, but Monday or Tuesday when it clears I guess it's officially ours! Feels good...

Got it on May 20th of '08. It's a 2008 with 14k-ish miles. So it took about 29 months to pay off (is my math right?)

 

I bought my truck with a tax refund :]

 

I had my '05 paid off, but I had to trade it in for an auto '10 in February..........

 

i'm 24 years old. i've been paying on my 07 for 3 years now. i financed for 6 years. so i'm halfway there . i'm jealous of you guys that have yours paid off already.

 

i always pay mine off early
i take a 5 year note and pay it off in half that, double up give or take a few bucks each month
mine will be paid off in another 3 months

 

i live germany and paying is simple wifes in the army,rank cola the whole 9 yards of benies and i work for the us postal serv. not a bad deal 2 payments and she's all mine no upgrades yet cuz i want it paid,got plenty of power and speed which is what gets me goin,only upgrade right now is the sound system kenwood and pioneer all around 200 watts and looking for more cuz i got 700 max upfront alone and 400 in rear doors so you tell me a good kenwood amp and i will blow these germans away with sound you got to give them credit fro trying..................they do like mine better than the helix go figure i've had astronomical offers and will never sell it

 

paid off when i picked it up only way i could get it or would buy is

 

dude that was a clean shot to the face on that girl what did she say to piss him off like that????

 

see i got mine right off the trailer when delicered to the dealer with only 8 miles on it what luck,i got it 2006 a 2007 tacoma prerunner sr5 model 4dr short bed beast as i call it,my wife doesn't like to drive it too much power for her and i really am not a fan of her driving either but sometimes it has to be what it has to be...........go figure,i definitely will have to clean it when her car is back on the road she is not neat in my truck in any way but i love her anyways hope to meet some of you other tac guys once i hit the states again,so i can do man things with my son .........later peeps

 

me,all thanks to my wife who hates having bills

 

Bought a 2005 Prerunner in Feb. 2009. Paid half of it upfront, paid the other half on my first payment after I filed my taxes and got the first time homeowner's tax credit. Seemed to make better sense to pay it off then to put the money in the bank and earn a lower interest rate on it than what I was paying off on the truck finance loan...

 

I bought mine back in 05, have been paying on it since and next month it will be mine! Im only 23 and paid off my own truck im pretty happy about that. Also it barely has 50k on it, so to me its still pretty new.

 

i traded in my 08 Dodge Diesel straight up for the Taco so its paid for. They actually owed me like $1K but i had a couple options thrown in.

 

Paid mine off like 2 weeks ago!! Damn it feels good to be a gangsta..... jk but a paid off taco owner

 

New truck, 5 year lease, I'll see what I do after that.

 

I wish....

 

Paid off a few years ago. I won't mod it until it's paid off otherwise you're modding for the bank. Now it's time to put everything on it.