Comments on: Oh Happy Day…!

By: Livingalmostlarge

Livingalmostlarge — Wed, 20 Jun 2007 00:17:36 +0000

Congrats! I gotta stay out of showrooms another 2-3 years at least. Get 10+ years out of our cars as well, now they are 7 and 8 years.

By: fivecentnickel.com

fivecentnickel.com — Sat, 16 Jun 2007 21:25:52 +0000

Weekly Roundup – 06/15/07

Well, here we are… In a few days we’ll be taking off for vacation, so we’ve been madly rushing around trying to tie up loose ends in advance of our departure. If you’re interested in contributing a guest post, please let me know…

By: Free Money Finance

Free Money Finance — Fri, 15 Jun 2007 10:19:24 +0000

Star Money Articles for the Week of June 11

Here are interesting posts and news this week from the MoneyBlogNetwork and beyond: MightyBargainHunter asks if you would buy a car that only costs $2,500 new. Five Cent Nickel details his first experience with the new Bank of America ATMs.

By: Jeff R.

Jeff R. — Wed, 13 Jun 2007 13:26:36 +0000

You should keep making that car payment – but now to yourself. Start saving for your next car now. There is no better feeling than buying a car with cash. The reaction from the dealership alone is priceless.

Also – be proud of driving an older car (not that yours it that old). I still drive a 96 Ford Contour with 100K+ miles. It’s so cheap to drive (low insurance, low car tax). I have no desire to rush out and get a new car.

By: Chris

Chris — Wed, 13 Jun 2007 12:58:44 +0000

I encourage everyone to buy a new car, how else could I buy it at half the price 3 years later?

Are you going to stop your payments or continue them? I mean, are you going to save up for your next vehicle so you don’t have to finance it?

By: Rick Casey

Rick Casey — Wed, 13 Jun 2007 05:02:31 +0000

Grats, it’s always a great feeling to own something finally .

I bought a Toyta Echo in 2000 right when I left school. I paid it off in 2004 and it was really enjoyable to sign that last check. I’m still driving my car @ 114k miles on it over the last 7 years. I’ve got a 5 minute commute to work and most days I work from home so I don’t mind driving my little pod car around, but maaaaaaan those new cars look beautiful.

But to keep it up to date, I got one of those little iPod FM adapters and new speakers recently to keep it feeling fresh. It’s certainly a LOT cheaper than going out and getting myself a new car payment. My next ‘splurg’ for the car with be TomTom for me and Sirus for my wife. That’s my biggest take away from owning a car for the long haul, add accessories to keep it fresh.

Doesn’t help me any with that huge dent on my passenger door though
Rick.

By: Single Ma

Single Ma — Wed, 13 Jun 2007 01:38:04 +0000

OH MY GAWD! How about I just wrote a post on the EXACT same thing!! I just made THE FINAL payment on my 2004 Honda Accord. It’s such an exhilarating feeling.

Congrats to you!

By: James

James — Wed, 13 Jun 2007 00:44:13 +0000

Personally, I believe in always buying used. The huge drop in value isn’t worth the “new car smell” to me. Here’s an article which covers new vs. used, http://www.credit.com/life_stages/buying_car/New-vs-Used.jsp

From the article, “In the long run, however, buying used is almost always a better choice than buying new or leasing a new car.” Of course, everyone has their own preferences and there’s nothing wrong with getting a new car if that’s what you will really be happier with.

By: Abrens

Abrens — Tue, 12 Jun 2007 23:44:55 +0000

..what was the true interest rate you paid on that car loan over 5 years ?

Is it wise to borrow money to purchase a depreciating consumer good ?

Are used-cars a better economic option for folks who don’t have the cash for a new car ??

By: Flexo

Flexo — Tue, 12 Jun 2007 23:39:44 +0000

Congratulations!