Im paying her off today - Ranger-Forums - The Ultimate Ford Ranger Resource


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  #1  
Old 08-18-2008
n0thing43's Avatar
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Im paying her off today

Im excited to say that I'll be paying off my Ranger today! I took delivery April 29th 2004, and now she's all mine!.. It will be nice not to have the payment anymore. Im honestly surprised I still have this Ranger, usually end up trading vehicles in every couple years. I think I'll be keeping this Ranger though, I hope the long term reliablity is better then the initial quality was! Now I have money for a Harley Davidson, or maybe a nice used Jeep Wrangler?...
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Old 08-18-2008
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that will be nice extra money now
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Old 08-18-2008
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congrats
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Old 08-18-2008
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congratulations.
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  #5  
Old 08-18-2008
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sweet, it will feel even better when the title comes in the mail!
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  #6  
Old 08-18-2008
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It's a good feeling to have no payments.
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  #7  
Old 08-18-2008
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Congrats !!

I've got 3.5 years left on a 5 year loan on my 2003 Ranger XLT. I'm planning on paying it off then just keep it for many years after. I'm keeping the mileage down low and the maintenance regular, cause I want this truck to last a long time after I get it paid off.
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Old 08-18-2008
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3 years in jan left on mine. plan to pay it off in 2 though! (if i keep it)
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  #9  
Old 08-18-2008
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It's a good feeling for sure. I just paid mine off in June and I bought it in 2003. It's good to have that extra $$$$ in your pocket every month.
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  #10  
Old 08-19-2008
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Grats.
I still owe 9k
=(
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  #11  
Old 08-19-2008
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Pay mine off while you're at it! lol Congrats.
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  #12  
Old 08-19-2008
D.
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Quote:
Originally Posted by n0thing43 View Post
Now I have money for a Harley Davidson, or maybe a nice used Jeep Wrangler?...
Chuck.. I say this as a ' Friend '.

Change your thinking.

Take what you were paying to a bank for the note/loan and pay it to yourself. Buy a short ( or long ) term cd or bond every month.. even put it into a savings account. Do this for 2 years.

Pay YOURSELF instead of someone else.

After 2 years, you will have more to put down and thus finance less ( saves you even more ).

The same principle applies if you only put away half of that ' ex-payment ' but its not the full-effect in the long run.

If its monies you can afford to put away ( it was in your present budget, why not keep it in the future but pay interest to yourself ) instead or acquiring more debt?

We all WANT our ' toys ', but things aren't looking good for the next 2-3 years on financing anything. Market LOOKS week and with all the doom preachers out there, the note from that Harley might be bought by someone else and the terms of it COULD be changed. Why risk it? Its better to wait and stash-the-cash.

With the Amount of bankruptcies being filed, my place sees no fewer then 50 Harleys a month rolling through the Auctions. They go cheap as the banks are trying to re-coup anything they can. I saw a nice Harley with an 88ci engine ( I believe it was a softtail.. ) 2006 go for under 5 grand!
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