Forgot why I hated car payments· Page 2

Zero2Cool
Elite Member Topic Starter

13 years ago

#11

In Good condition, KBB says the trade-in value is $10,925 ... that moped idea is looking better and better.

DakotaT
Select Member

13 years ago

#12

In Good condition, KBB says the trade-in value is $10,925 ... that moped idea is looking better and better.

Originally Posted by: Zero2Cool

And how much to pay off the current loan?

Rockmolder
Honored Member

13 years ago

#13

I'll start off by applauding Dakota and ZS for the advice.

That's like a maffia-loan you've taken there. 15%? That's monstrous.

I reckon that you'll be paying the same amount monthly? The nice cars salesman was right then, I reckon, that you'll be paying $40,- per month on average, but you'll start off with some ridiculous payments, excisting mainly out of rent and very little in the way of actually paying off your debt.

Anyway, hope you get out of this crap! Best of luck to you, Kevin!

Zero2Cool
Elite Member Topic Starter

13 years ago

#14

And how much to pay off the current loan?

Originally Posted by: DakotaT

$10,500

DakotaT
Select Member

13 years ago

#15

$10,500

Originally Posted by: Zero2Cool

You're in no position to be wheeling and dealing on a different vehicle. Drive what you have and get it paid off as soon as you can. Then if you feel you want to upgrade go ahead.

Shuffling papar costs a lot of money. Those boys are all criminals.

You should come up for some beekeeping. Remember, Old man Dakota might be an asshole, but he has your best interest at heart.

Zero2Cool
Elite Member Topic Starter

13 years ago

#16

Originally Posted by: DakotaT

If I trade it in for a broom, give the broom to my daughters mother an take her car. I should break even, right?

DakotaT
Select Member

13 years ago

#17

If I trade it in for a broom, give the broom to my daughters mother an take her car. I should break even, right?

Originally Posted by: Zero2Cool

I think you're way beyond the point of breaking even with Broomhilda.

.

Zero2Cool
Elite Member Topic Starter

13 years ago

#18

I think you're way beyond the point of breaking even with Broomhilda.

Originally Posted by: DakotaT

Good point. Only way she'd accept a broom from me is if she gets to take a few swings first.

Zero2Cool
Elite Member Topic Starter

11 years ago

#19

Originally Posted by: DakotaT

So, two later and now I have just over $7,300 left. My interest rate is 15.57% wowsa.

Age of Credit History I have a D on because my oldest account is only 3 an half years old. If I pay the car loan off early, how would this effect my credit rating/score?

Average Account Age 2 Yrs 10Mos
Oldest Open Account 3 Yrs 5 Mos
Newest Open Account 2 Yrs

Jun 25, 2010 - two student loans
Mar14, 2011 - car
Dec 7, 2011 - credit card

There's a second credit card, but can't find when it was opened. I only use one card and only use it for gas just to keep it active.

olds70supreme
Member

11 years ago

#20

If I pay the car loan off early, how would this effect my credit rating/score?

I wouldn't worry about the effect on your credit score. Think of credit as a crutch that should be everybody's goal to get rid of. Even if it somehow hurt your credit score to pay it off early you will be miles ahead in terms of $. Paying it off early will be one step closer to getting rid of the crutch, and once you are rid of it it wouldn't matter what your credit score was, right? Credit scores will only matter to those that need the crutch. Look at the money you are paying on interest. Once the loan is paid off you can still make those "payments" to your savings. By the time it comes to buy another car you should be able to pay cash.

**Full disclaimer** I have loans (student and mortgage), but am focused on paying them off aggressively.

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packerfanoutwest (24-Dec) : No Jaire, but hopefully the front 7 destroys the line of scrimmage & forces Rattler into a few passes to McKinney.

packerfanoutwest (24-Dec) : minny could be #1 seed and the Lions #5 seed

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Zero2Cool (23-Dec) : I just checked. What tie breaker?

bboystyle (23-Dec) : yes its possible but unlikely. If we do get the 5th, we face the NFCS winner

Zero2Cool (23-Dec) : Ahh, ok.

bboystyle (23-Dec) : yes due to tie breaker

Zero2Cool (23-Dec) : I mean, unlikely, yes, but mathematically, 5th is possible by what I'm reading.

Zero2Cool (23-Dec) : If Vikings lose out, Packers win out, Packers get 5th, right?

bboystyle (23-Dec) : Minny isnt going to lose out so 5th seed is out of the equation. We are playing for the 6th or 7th seed which makes no difference

Mucky Tundra (23-Dec) : beast, the ad revenue goes to the broadcast company but they gotta pay to air the game on their channel/network

beast (23-Dec) : If we win tonight the game is still relative in terms of 5th, 6th or 7th seed... win and it's 5th or 6th, lose and it's 6th or 7th

beast (23-Dec) : Mucky, I thought the ad revenue went to the broadcasting companies or the NFL, at least not directly

Zero2Cool (23-Dec) : I think the revenue share is moot, isn't it? That's the CBA an Salary Cap handling that.

bboystyle (23-Dec) : i mean game becomes irrelevant if we win tonight. Just a game where we are trying to play spoilers to Vikings chance at the #1 seed

Mucky Tundra (23-Dec) : beast, I would guess ad revenue from more eyes watching tv

Zero2Cool (23-Dec) : I would think it would hurt the home team because people would have to cancel last minute maybe? i dunno

beast (23-Dec) : I agree that it's BS for fans planning on going to the game. But how does it bring in more money? I'm guessing indirectly?

packerfanoutwest (23-Dec) : bs on flexing the game....they do it for the $$league$$, not the hometown fans

Zero2Cool (23-Dec) : I see what you did there Mucky

Zero2Cool (23-Dec) : dammit. 3:25pm

Zero2Cool (23-Dec) : Packers Vikings flexed to 3:35pm

Mucky Tundra (23-Dec) : Upon receiving the news about Luke Musgrave, I immediately fell to the ground

Mucky Tundra (23-Dec) : Yeah baby!

Zero2Cool (23-Dec) : LUKE MUSGRAVE PLAYING TONIGHT~!~~~~WOWHOAAOHAOAA yah

Zero2Cool (23-Dec) : I wanna kill new QB's ... blitz the crap out of them.

beast (23-Dec) : Barry seemed to get too conservative against new QBs, Hafley doesn't have that issue

Zero2Cool (23-Dec) : However, we seem to struggle vs new QB's

Zero2Cool (23-Dec) : Should be moot point, cuz Packers should win tonight.

packerfanoutwest (23-Dec) : ok I stand corrected

Zero2Cool (23-Dec) : Ok, yes, you are right. I see that now how they get 7th

Zero2Cool (23-Dec) : 5th - Packers win out, Vikings lose out. Maybe?

beast (23-Dec) : Saying no to the 6th lock.

beast (23-Dec) : No, with the Commanders beating the Eagles, Packers could have a good chance of 6th or 7th unless the win out

Zero2Cool (23-Dec) : I think if Packers win, they are locked 6th with chance for 5th.

beast (23-Dec) : But it doesn't matter, as the Packers win surely win one of their remaining games

beast (23-Dec) : This is not complex, just someone doesn't want to believe reality

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