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Old 08-14-2011, 04:17 PM   #1
trekmanone
 
Drives: 2011 Camaro 2LT
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Paid Off Camaro Loan

Bought 2011 2LT & took delivery Jan.11,2011. Traded in paid off 2007 Pontiac Gran Prix GXP so only took 2.9% loan, 50% of car value, for 3 years. Got a good 2Q11 commission check and decided to pay off Camaro loan. Now own a free & clear, 6 month old with 3300 miles (weekender). Putting the car loan payment toward extra mortgage principal payment. 1.5 years to go on mortgage. Feeling good about life... especially with a freakin Camaro in the garage.
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Old 08-14-2011, 04:22 PM   #2
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That's awesome!!!! I look forward to that day but given my record, I will buy something else like a new boat.
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Old 08-14-2011, 04:27 PM   #3
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Congrats
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Old 08-14-2011, 04:32 PM   #4
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congrats
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Old 08-14-2011, 04:35 PM   #5
Jason7
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Better than me, I've got a ton of equity in my car and have been contemplating whether I should sell it. Reason is I have a second car SUV and have been thinking about using the money after sale to pay all my unsecured debt off.... Choices choices...

Jason
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Old 08-14-2011, 05:09 PM   #6
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Excellent! Welcome to the club.
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Old 08-14-2011, 05:11 PM   #7
Mr.Maro23
 
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SOUNDS PLEASING.
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Old 08-14-2011, 05:43 PM   #8
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Nice work sir!
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Old 08-14-2011, 05:50 PM   #9
E.T.


 
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It's a good feeling, isn't it? Just paid mine off last month.
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Old 08-14-2011, 05:53 PM   #10
sstaub
 
Drives: 1lt 2011 Black Camaro
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just got mine last week. 5 years to go
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Old 08-14-2011, 06:05 PM   #11
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Originally Posted by sstaub View Post
just got mine last week. 5 years to go
I have had mine 4 Months on this past Friday (08/12/2011). I took out a 5.5 year loan and have been making payments at a rate that should pay her off in about 4 years.
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Old 08-14-2011, 06:25 PM   #12
Oldrocker
 
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I paid mine off in less than a year. It is a good feeling for sure.
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Old 08-14-2011, 07:16 PM   #13
marticus24
 
Drives: 2012 ZL1
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Congrats! Awesome feeling, for sure... paid mine off in the end of May, less than 1 year after purchasing. Enjoy the extra $ toward the mortgage payoff, that will be an even bigger achievement.
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Old 08-14-2011, 09:59 PM   #14
oldfriend


 
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Quote:
Originally Posted by trekmanone View Post
Bought 2011 2LT & took delivery Jan.11,2011. Traded in paid off 2007 Pontiac Gran Prix GXP so only took 2.9% loan, 50% of car value, for 3 years. Got a good 2Q11 commission check and decided to pay off Camaro loan. Now own a free & clear, 6 month old with 3300 miles (weekender). Putting the car loan payment toward extra mortgage principal payment. 1.5 years to go on mortgage. Feeling good about life... especially with a freakin Camaro in the garage.
Way to go man , that's what happen when one put the priorities on the right order , i just wish that way more people even in here have a chance to read your post , that alone would save a all lot of headaches down the road , well done !
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