my Buddy is MY Buddy

[bluebuddygirl]

Felt the need to share. My husband teaches at a Catholic High School, and I teach part-time at the college level and at the High School a little, so purchasing any new vehicle outright is unheard of in our house. So when I bought the scooter I had to do financing.

I paid off my 3 year loan in just over 1 year and I sent in my payoff amount yesterday. I should get my official title any day, and I am so excited to actually own my Lil' Thumper. WooHoo!!! [/b]

[Skootz Kabootz]

What a great feeling! Congrats! Can't wait till I'm having a similar "it's all paid off" celebration regarding my credit cards!

You should take what would have been the next months payment amount and go for a nice long ride to somewhere special.

[TVB]

Back during better days (before my career and the local economy both went off the rails), I had a reliable enough car and a good enough income that I not only managed to pay it off, but then I saved up enough to pay cash for the next one. (It helped that "the next one" was only $6K.) Since then, I've been able to write a check for every vehicle I've purchased (including the Buddy), and that lack of debt has made the lean times much less stressful.

[TVB]

You should take what would have been the next months payment amount and go for a nice long ride to somewhere special.

OK, but the next month's payment amount (and so on) should get invested somewhere safe (unless you have credit card debt, which you should pay off as aggressively as you'd fight off a pack of wild dogs attacking your child).

[bluebuddygirl]

We have other debt, but we are saving up for a trip next summer. We both have dual sport bikes, and we are planning a trip out to Yellowstone and Glacier National parks, via southern Canada and back home across northern US. There is also the uncertainty of my teaching every semester. Right now I don't know what I will have for the Spring semester, so having this payment done, is a little relief.

[chloefpuff]

Thump!