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

10 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

10 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 (16m) : Jets released K Riley Patterson and signed K Anders Carlson to the practice squad.

wpr (25m) : Thanks guys

Mucky Tundra (20h) : Happy Birthday wpr!

Zero2Cool (20h) : Anders Carlson ... released by 49ers

dfosterf (23h) : Happy Birthday!😊😊😊

wpr (7-Nov) : Thanks Kevin.

Zero2Cool (7-Nov) : Happy Birthday, Wayne! 🎉🎂🥳

beast (7-Nov) : Edge Rushers is the same... it's not the 4-3 vs 3-4 change, it's the Hafley's version of the 4-3... as all 32 teams are actually 4-2

Zero2Cool (6-Nov) : OLB to DE and player requests trade. Yet folks say they are same.

beast (5-Nov) : In other news, the Green Bay Packers have signed Zero2Cool to update their website 😋 jk

beast (5-Nov) : Might just re-sign the kicker we got

beast (5-Nov) : Are there any kickers worth drafting next year?

Zero2Cool (5-Nov) : Preston Smith for Malik Willis

Mucky Tundra (5-Nov) : Getting a 7th rounder from the Stillers

Zero2Cool (5-Nov) : At least we get 7th round pick now!! HELLO NEW KICKER

Mucky Tundra (5-Nov) : Steelers getting a premier lockdown corner!

Zero2Cool (5-Nov) : Packers are trading edge rusher Preston Smith to the Pittsburgh Steelers, per sources.

Mucky Tundra (5-Nov) : Preston Smith traded to the Steelers!!!!

Zero2Cool (5-Nov) : CB Marshon Lattimore to Commanders

Zero2Cool (5-Nov) : Bears are sending RB Khalil Herbert to the Bengals, per sources.

Zero2Cool (5-Nov) : ZaDarius Smith continues his "north" tour.

Zero2Cool (5-Nov) : Let the Chiefs trade a 5th for him

Zero2Cool (5-Nov) : Nearing 30, large contract, nope.

Martha Careful (5-Nov) : any interest in Marshon Lattimore?

Zero2Cool (4-Nov) : What does NFL do if they're over cap?

Mucky Tundra (4-Nov) : They've been able to constantly push it out through extensions, void years etc but they're in the hole by 72 million next year I believe

hardrocker950 (4-Nov) : Seems the Saints are always in cap hell

Mucky Tundra (4-Nov) : Saints HC job is not an envious one; gonna be in cap hell for 3 years

Mucky Tundra (4-Nov) : Dennis Allen has now been fired twice mid-season with Derek Carr as his starting QB

Zero2Cool (4-Nov) : Kuhn let go

beast (4-Nov) : I wonder if the Packers would have any interest in Z. Smith, probably not

Zero2Cool (4-Nov) : Shefter says Browns and Lions will figure out how to get a deal done for Za'Darius Smith..

Zero2Cool (4-Nov) : Packers are more likely to have 1,000 yard rusher than 4,000 yard passer

Zero2Cool (3-Nov) : It's raining hard.

Zero2Cool (3-Nov) : Packers inactives vs. Lions: CB Jaire Alexander S Evan Williams C Josh Myers Non-injury inactives: WR Malik Heath OL Travis Glover DE Bren

packerfanoutwest (3-Nov) : Malik Willis: My focus is helping the Packers win, not proving I can start elsewhere. But he could

Zero2Cool (1-Nov) : I had Texans, but the loss of another WR flipped me

wpr (1-Nov) : I thought about taking the Jets but they've been a disaster. Losing to the Pats last week

Zero2Cool (1-Nov) : Surprised more didn't pick Jets in Pick'em.

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

Sunday, Nov 24 @ 3:25 PM

49ERS

Thursday, Nov 28 @ 7:20 PM

DOLPHINS

Thursday, Dec 5 @ 7:15 PM

Lions

Sunday, Dec 15 @ 7:20 PM

Seahawks

Monday, Dec 23 @ 7:15 PM

SAINTS

Sunday, Dec 29 @ 12:00 PM

Vikings

Saturday, Jan 4 @ 11:00 PM

BEARS