Who has their truck Paid off?

Bought the 2104 Tacoma this January before that I had an '05 Frontier that was beginning to cost a fortune (first year of a new model was not my smartest move). I had a friend in the Army who was an accountant (Fighting Finance), he taught me that trick of always making a car payment but into a savings account and when the time comes, search long and hard for the used vehicle of my liking. It made sense to me and I stuck with it. Having no credit history my first credit card was a little hard to get - my dad actually had to co-sign for me to get one. Kind of embarrassing at twenty-three.

 

It’s a 2017, Paid in full with a trade in (2014 F150) some cash and $5,000 on the VISA (think air miles). Then I paid down the card in two payments.

 

Paid cash ($16000 from savings) for my 2009 in October of 2016; haven't had a note on a vehicle since 1988...

 

2016 sr5 paid off when bought. finance guy did not like that~

 

Oh, and when you do, open a savings account and continue to pay the payment, less a bunch a bucks for the interest that you will not pay to a financing company on your next truck. If you do, in years to come, I will be gone but you will remember me and you will pass it on.

 

Winner!

 

You can do that, just a payment a month less interest, you got a new vehicle and no debt.

 

Paid 27k for my 15'. Put 5k down and paid it off in a year,due to a really good year at work. No vehicle payments are NICE!

 

Paid cash for the truck, from the dealership . Leaves more money to spend of the truck.

 

My 2014 Is paid off but my 2018 isn't lol

 

I think it's a hoot this thread started 10 years ago and the OP hasn't been around in 3.

Yet it breathes on it's own.

That said, I've not made a vehicle payment since around '88.

I view debt as my enemy, and being debt free as a form of freedom. As in not being beholding to anyone.

 

Kinda late but paid it off last year Now getting ready to buy a weekend toy for the trails and camping....new 4Runner Off Road Premium

 

You will never regret it. Sometime when you want to feel ill, multiply your monthly payment by the number of months you are paying then compare that to the purchase price - not good.

 

I could not agree more, debt is indentured servitude which is voluntarily entered into..

 

I sleep well at night. No payments.

 

Payed off on the 12th!!

 

Er... Now I have to pay off the other one.

 

Paid mine off on the 10th now I can say it's mine & debt free!

 

Saved and paid for both. My friends make payments...not something I think I'd wanna try.

 

The first time you pay cash is scary and awesome. It’s a really big check, at least to me. Finance guy still wanted to run my credit. Once he saw the score he told my son, “you’re goal is to have credit as good as you’re parents.”