Paying off the Ranger - Ranger-Forums - The Ultimate Ford Ranger Resource


General Ford Ranger Discussion General discussion of the Ford Ranger that does not fit in any other sub-forum.

Reply
 
LinkBack Thread Tools Search this Thread
  #1  
Old 04-28-2011
Member
Thread Starter
iTrader: (1)
 
Join Date: Mar 2008
Location: Union City, PA
Posts: 170
Paying off the Ranger

Well tomorrow I will be making my last payment on my 02 ranger. I bought it used about 5 years ago. I'll be so happy to finally have no more truck payments.
Reply With Quote
  #2  
Old 04-28-2011
FULLSCALE's Avatar
Level III Supporter

iTrader: (12)
 
Join Date: Mar 2009
Location: Clinton, Ontario
Posts: 8,181
Congrats! That was the best feeling when I paid my '07 off... then I bought a new car. lol
Reply With Quote
  #3  
Old 04-28-2011
morris's Avatar
RF Veteran
iTrader: (5)
 
Join Date: Feb 2008
Location: South Detroit.
Posts: 7,833
congrats. now you need to do the full size mod.
Reply With Quote
  #4  
Old 04-28-2011
StxDangerRanger's Avatar
RF Veteran
iTrader: (2)
 
Join Date: Dec 2010
Location: Flat Rock, Mi
Posts: 6,313
Quote:
Originally Posted by morris View Post
congrats. now you need to do the full size mod.
Thats what she said.
Reply With Quote
  #5  
Old 04-28-2011
xp1ik99's Avatar
Member
iTrader: (5)
 
Join Date: Feb 2006
Location: Lexington Park, MD
Posts: 3,230
im jealous, truly jealous, cant wait for that day if i dont get rid of it before then that is......
Reply With Quote
  #6  
Old 04-29-2011
FMD's Avatar
FMD FMD is offline
Member
iTrader: (1)
 
Join Date: Aug 2005
Location: Amherst NY
Posts: 3,811
I traded a truck payment for a mortgage. Truck payment: $340 a month. Mortgage: $330 a month. Some how I feel like the mortgage was a better deal over all LOL

Thought what you should do now, is instead of enjoying your new found wealth, keep making a truck payment, only put that money into a savings account you own thats seperate from your regular savings. You can do this by simply writing yourself a check to that account. Its a good way to build a rainy day fund.
Reply With Quote
  #7  
Old 04-29-2011
KLC's Avatar
KLC KLC is offline
RF Veteran
iTrader: (29)
 
Join Date: Nov 2007
Location: New Mexico
Posts: 13,115
Quote:
Originally Posted by FMD View Post
I traded a truck payment for a mortgage. Truck payment: $340 a month. Mortgage: $330 a month. Some how I feel like the mortgage was a better deal over all LOL

Thought what you should do now, is instead of enjoying your new found wealth, keep making a truck payment, only put that money into a savings account you own thats seperate from your regular savings. You can do this by simply writing yourself a check to that account. Its a good way to build a rainy day fund.
Most mortgages are much more than $330 a month, but it is interesting that some do pay as much or more for their vehicle as they do their mortgage. Granted it's not usually for 15 or 30 years.
Reply With Quote
  #8  
Old 04-30-2011
xp1ik99's Avatar
Member
iTrader: (5)
 
Join Date: Feb 2006
Location: Lexington Park, MD
Posts: 3,230
I would love a 330 mortgage you sir are a lucky
Reply With Quote
  #9  
Old 04-30-2011
Member
 
Join Date: Jul 2007
Location: Ohio
Posts: 737
I started out with a 60 month $219.60 payment plan on my Ranger. I am now down to only having to make another 11.5 payments. I think my balance is around $2,500 so this time next year I'll be payment free. I'm planning on keeping the truck another 5-7 years or so. It's in really nice condition so it should last. Only has 48,xxx miles on it.
Reply With Quote
Reply

Related Topics
Thread Thread Starter Forum Replies Last Post
Paying off your Ranger Lord Of War General Ford Ranger Discussion 76 02-24-2010 02:22 PM
Im paying her off today n0thing43 General Ford Ranger Discussion 11 08-19-2008 08:56 PM
What are you guys paying for gear install? jaysend5.0 Drivetrain Tech 19 04-17-2008 12:54 AM
yay there paying 2004edge General Ford Ranger Discussion 26 11-30-2005 09:08 PM
Lesson in paying attention while offroad... must read! rngprerunner General Ford Ranger Discussion 20 01-26-2005 07:29 AM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -6. The time now is 08:27 AM.


We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.