Who has their truck Paid off?

Yay i can finally say i've paid it off! Just under 20 months to do it

 

Yea that's what I'm thinking of doing instead of paying cash just keep my money in my tax free savings account and make regular payments opposed to cash.

 

What is Toyota BC's current rate on new Tacomas ?

 

Thanks to an inheritance, I was able to pay cash for mine. It's probably the only new one I'll ever be able to say that about. If it hadn't been for that, I'd have probably bought a used 1st gen Tacoma. I needed a new vehicle, and the timing was right.

 

0.9 for up to 48 months I would be looking into doing 24 months I get 1.1 in my tax free but when I go to a online bank I will get around 2%

 

Holy shit that's cheap

When I bought my '09 in the fall of 2008 it was 5.9% for 3 years

 

Seriously?

I got my 2013 on a 5 year finance for 2% in Alberta.

 

Ah you didn't pay pst chive your Lucky haha

 

Lifestyles of the broke and famous. Most people can't afford to pay $30k cash for a new car, some of us can, but if your cash makes better interest in the bank then in a vehicle that loses money, depreciates, then finance at the good rates, 0%, 0.9%, even 1.9%.
I f-n hate interest and credit, but credit is important and financing a vehicle is a good way to establish credit history, i.e. make your payments on time kids!!
We paid cash for the tacoma, since it was used, the best rate around at the time was 2.5%-2.9%. So you figure asking $29k for truck, 48 months, around $1800 in interest, insurance is a bit higher on financed vehicles, a hundred or so over 4 years. It wasn't worth it at the time, since the market was sucking and I wasn't pulling much from investments short term. I would have been pretty close, a few hundred difference between financing and cash, but haggled $4k off of price by paying cash, (which isn't always the case, most dealerships want you to finance, they make more money) got the upgraded warranty, and I was happy and no payments and I have the title in hand.
But on the other hand, the wifey's new car, 0% apr, 60 months, why not? Even at 0.9%, your money is better drawing interest in the bank. (Bank of the internet is 1.25% on checking by the way)
Be smart with your $$$ and you can make money where most people throw it away. We manage to make over a thousand a year off of credit card rewards. It takes a little time, but once you learn and have a system, you can make bank if your responsible!

 

I financed mine, saving the cash for when I graduate from my MBA program in two years since that has the higher interest rate and throwing as much as I can at that.

I plan on keeping the truck a long while so payments aren't too big of a concern. I came from a 2010 Jeep GC that I never felt had the reliability of the Tacoma and that thing depreciated beyond belief, but luckily broke even. At 80K miles I just didn't see it taking me 6 years without hassles. I have had Tacomas in the past and they are bulletproof when maintained right. I'd be happy to keep this 10 years and call it a day.

 

Only owe $1100! Two more months and she wilk be paid off!

 

My 07 is paid off now, just have my 2012 to go.

 

I just paid off my first payment on my 2013, whew glad I dont have to do that again.... DOH

 

Financed to earn the college incentive in 2011. Paid it off a few months later. The new toy though, that will be financed.

 

36 more payments

 

TFS Payoff Information 2013 TOYOTA TACOMA $28,267.45 Good Through 9/16/2013

 

Got the title to mine

 

3 of 5 years paid. Will have my '10 paid off in '15 with about 54k miles on it. Hope to drive it for another 5 years after that with no payment.

 

Paid off in one month!!!!

 

I was just messing around on the dodge website and you can finance a charger for 96 months .The way I see it is unless you have the money in the bank getting interest you have no buisness financing for 5+ years.