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.

blank

Important Information:

The PACKERSHOME uses cookies. By continuing to browse this site, you are agreeing to our use of cookies. More Details Close

Fan Shout

Zero2Cool (4h) : CB Rasul Douglas is visiting the #Seahawks today, per source.

dfosterf (7h) : He's a switch and baiter. Its the same as a bait and switcher except he agreed to the switch first lol

dfosterf (7h) : 6.8 mil raise next year. Those are existing contract numbers

dfosterf (7h) : 12.8 plus 4.8 pro rata signing bonus is 17.6 mil. Top center in the league at 18

Zero2Cool (8h) : Elgton Jenkins wants to rework contract ahead of position change to center

Zero2Cool (11h) : 🏈Monday, Nov. 10: Eagles at Packers

buckeyepackfan (12-May) : Packers @ Bears week 16(Saturday Game)

Zero2Cool (12-May) : Clifford hasn't been the same since losing 8

dfosterf (12-May) : Sean Clifford would probably disagree

dfosterf (12-May) : Canuck Cannon. Got a very good feeling about this

Zero2Cool (12-May) : Tom Pelissero also reports what bboy stated

bboystyle (12-May) : The Green Bay Packers on Monday signed Taylor Elgersma, the Canadian-born quarterback who tried out at the team’s rookie camp last weekend

beast (12-May) : There were reports four days ago that the Packers were signing QB Taylor Elgersma, but no official action since

Zero2Cool (12-May) : And for Ian Rapoport to announce Saints send 1st and 2nd rounder to Packers for Malik Willis.

dfosterf (12-May) : *Elgersma*

dfosterf (12-May) : Today would be a good day to discover the Pack signed Taylor Engersma, the Canadian QB

Zero2Cool (11-May) : It wasn't. He simply wanted his money back. They refused. Cops came. They gave him his money in end.

dfosterf (11-May) : Fortunately it doesn't sound like a big deal

Zero2Cool (10-May) : Elgton Jenkins Involved In Strip Club Dispute ... Cops Called To Mitigate

Zero2Cool (10-May) : Derek Carr retires. Shoulder must be bad.

Zero2Cool (10-May) : Packers Pro Shop is not currently printing Golden #22 jerseys “until his number is confirmed after Training Camp.”

greengold (9-May) : My impression is he's a Peruvian soccer fan not a bares fan.

Martha Careful (9-May) : Favored Illinois Bishop?

beast (9-May) : Technically, the I in FIB stands for Italian now, Si?

dfosterf (8-May) : I never thought I'd live long enough to call a pope a FIB, but here we are

Martha Careful (8-May) : Chicago produces a pope before it produces a 4000 yard passing quarterback

wpr (8-May) : HAHAHA Mucky Comment of the day.

Mucky Tundra (8-May) : According to reports, Mel Kiper is furious that Sanders wasn't selected as the new Pope

Zero2Cool (8-May) : Time taken to get picked:

Zero2Cool (8-May) : New Pope: 2 days | Shedeur Sanders: 3 days

Zero2Cool (8-May) : Collin Whitchurch @cowhitchurch · 1h Chicago got a pope before it got a QB to throw for 4,000 yards in a season.

Mucky Tundra (8-May) : New Pope from Chicago; in other words, the city produced a Pope before a 4000 yard passer

beast (7-May) : My first name starts with R and my beer belly is quite voluptuous! Thank you for noticing 😏

Zero2Cool (7-May) : beast, you're just one R from being voluptuous.

Zero2Cool (7-May) : And now some Packers blogger is like Doubs to Steelers makes sense!!!!

Zero2Cool (7-May) : You saw me Tweet???

beast (7-May) : Supposedly Steelers will be trading WR George Pickens to the Cowboys for a 3rd and late round pick swap

Zero2Cool (5-May) : Ravens release Justin Tucker, err D. Watson Jr?

Zero2Cool (5-May) : Cardinals have signed TE Josiah Deguara.

Zero2Cool (5-May) : If I were to "Google" it, then I wouldn't read it in your words.

Martha Careful (5-May) : Yes, in the military S2’s work on IPB, PERCEC, PHYSEC and IO

dfosterf (4-May) : FYI civilian companies swipe the S2 designation from the military. S2 is the intelligence branch up to brigade level. G2 is division level.

dfosterf (4-May) : Google it. Make sure to tack NFL on it or you will get the military meaning

Zero2Cool (4-May) : S2?

beast (4-May) : Seems like the S2 has a love/hate relationship with professional scouts.

beast (4-May) : In theory, the S2 test how quickly a QBs brain can solve game like issues and how quickly they can do it.

dfosterf (4-May) : Are you gentlemen and at least one lady familiar with the S2 cognition

Zero2Cool (4-May) : Maybe there isn't an issue.

beast (4-May) : NFL really needs to fix their position labeling issue, but I don't think they care

Zero2Cool (1-May) : Packers did not activate the fifth-year options for linebacker Quay Walker, with the goal of signing him to a contract extension.

Please sign in to use Fan Shout

2024 Packers Schedule

Friday, Sep 6 @ 7:15 PM

Eagles

29 - 34

Sunday, Sep 15 @ 12:00 PM

COLTS

16 - 10

Sunday, Sep 22 @ 12:00 PM

Titans

30 - 14

Sunday, Sep 29 @ 12:00 PM

VIKINGS

29 - 31

Sunday, Oct 6 @ 3:25 PM

Rams

24 - 19

Sunday, Oct 13 @ 12:00 PM

CARDINALS

34 - 13

Sunday, Oct 20 @ 12:00 PM

TEXANS

24 - 22

Sunday, Oct 27 @ 12:00 PM

Jaguars

30 - 27

Sunday, Nov 3 @ 3:25 PM

LIONS

14 - 24

Sunday, Nov 17 @ 12:00 PM

Bears

20 - 19

Sunday, Nov 24 @ 3:25 PM

49ERS

38 - 10

Thursday, Nov 28 @ 7:20 PM

DOLPHINS

30 - 17

Thursday, Dec 5 @ 7:15 PM

Lions

31 - 34

Sunday, Dec 15 @ 7:20 PM

Seahawks

30 - 13

Monday, Dec 23 @ 7:15 PM

SAINTS

34 - 0

Sunday, Dec 29 @ 3:25 PM

Vikings

25 - 27

Sunday, Jan 5 @ 12:00 PM

BEARS

22 - 24