Who has their truck Paid off?

I'm certain the bank will not let you off the hook.
one consequence is they can make your credit score go down, and you will find it hard to get another loan, or even rent an apartment, etc.

 

No Mortgage and no truck payment. Gotta love it

 

Add me to the list. Been paid off since 2012. I believe it had around 50,000 miles. Lots of road trips. Only good thing I got from the divorce, besides my youngin!

 

The thing that sucks about that is that you know the cost of the financing is built in to the price of the truck. That's why they offered 0%, because you were already paying for it.

 

Been that way for several years. Not a better feeling. Retiring in Feb 2015 with no debt.

 

Few realize that. Remember, nothing is free.

 

Wrote check for full amount for it. Good feeling!

 

The day has finally come, and my Tacoma is officially all mine!!! It took three years.

 

Finally paid mine off two weeks ago and got the title in the mail last weekend!

 

I bought mine new in 05, made scheduled payments for 5 years and have had the title in my safe for over 4 years now. Just broke 100k miles this year.

 

6 months to go

 

Financing a vehicle is a good thing if the interest is low. It establishes credit history. Some lenders like to see a history of blemish free payments. Paying cash doesn't help your credit as much. I could have payed off real early(1 yr), but instead I put the extra money into bank and collected interest. Ended up putting 10,000 down on my first house. Now that's what you want to sock your extra money towards!! Now I have 2 houses. Not paid off yet though. 10 more yrs. Hope my truck makes it that long.

 

Sent the final balance today!

 

About to send one out, then 3 more left. Can't wait to have that extra money sitting around every month.

 

paid mine off last week! feels good

 

I don't, and frankly with money being as cheap as it is, there is NO reason to pay it off - I make far more than 1.49% on the money which is my rate. - But I certainly would not discourage anyone from paying off debt, but from a financial perspective it's not necessarily the best thing to put your money into (zeroing car debt I mean)

 

Zero debt is still a great feeling.

I paid for mine cash plus trade in value of my lexus.

 

Just got the wifes rav4 paid off too so no more car payments for us!

 

Just paid mine off last week.

 

Just paid off