Who has their truck Paid off?

Me for the last 4 yes.

 

My '96 was a gift from my grandpa.
My '08 I owe around $7K.
So on the poll I would have to put yes and no.

 

I only have about 5 more years but am planning on paying it off in 2.

 

Paid off! Bought it cash with a little more miles, but it was worth it! Feels good.

 

getting close, only 72 payments left to go.
my other one was bought & paid for, then this happened. now have to start all over again.

 

Not quite, but I treat her like she is.

 

I paid my truck off about 4-5 years ago

 

$1,000 down, Another 20k to go. My goal is to have it done in under 3 years.

 

I haven't even made the first payment on mine. haha

 

I wish, I have one more year of payments.

 

Looks like a dodge,
Hope you talked to them about it, they had a lot of fire problems on several years in the body type, Mine blew but no fire just the fluid all over the place.

 

I paid mine off the day I picked it up from the dealer

 

^^^^ Ditto

 

I hope everyone is ok.

My boss just bought a Ram Sport 4 months again, already has 2-3 recalls so pictures like this really help

 

Sold my 2010 BMW 135i and bought the Tacoma with cash. Used the left over money to pay off all my bills

 

It seems silly to me to tie up your cash in a depreciating asset. With interest rates so low, I use other peoples money to buy the truck and leave my money invested. The investments make more than what I'm paying in interest. If SHTF I could pay the truck off, but if SHTF that hard I'd probably sell it and buy a $1,000 clunker.

Since I tend to keep my vehicles a long time after one is "paid off" I keep making payments to myself. That way I have more money to invest and as a buffer for the zombie apocalypse.

 

Took me 5 long years,got my title!

 

Seems silly to me to pay interest when I can afford to pay cash. If you intend to keep the truck the full length of the finance term and you can afford to pay cash, you're just throwing money in the toilet. I'd rather not have the payment and invest as I see the need with the money I saved monthly.

 

i paid mine off in 2 years.

 

If, for example interest costs me $1,000 and investments make $1,500 I am losing $500 by using my cash. The other thing to factor in is over time you are making more interest as the investments grow and paying less interest as the balance in paid off. This assumes of course that you have the money to invest, and investments that pay more than the 2.49% you can get at the Credit Union.