Woot woot!

Kinja'd!!! by "FTTOHG Has Moved to https://opposite-lock.com" (alphaass)
Published 08/10/2017 at 20:48

Tags: SUBARU
STARS: 15


Kinja'd!!!

Just paid off the loan on my 2013 Outback 8 months ahead of schedule. This is the first time I’ve fully paid off a car that I bought brand new. Feels good. Will feel even better when that title comes in the mail.


Replies (6)

Kinja'd!!! "Nothing" (nothingatalluseful)
08/10/2017 at 21:12, STARS: 1

That is awesome, congrats. I have a couple of years left on the Taco. It’ll also be the first new vehicle that I’ll have paid off. I’m looking forward to that title.

Kinja'd!!! "Highlander-Datsuns are Forever" (jamesbowland)
08/10/2017 at 21:14, STARS: 1

Congratulations! You beat me to total outback ownership. Mine will be paid off in December. I figure with 1.9% interest no need to rush things.

Kinja'd!!! "FTTOHG Has Moved to https://opposite-lock.com" (alphaass)
08/10/2017 at 21:34, STARS: 0

I was at 1.9% too, but I just passed 60k and decided now that I was out of warranty I really wanted payments done with.

Kinja'd!!! "cbell04" (cbell04)
08/10/2017 at 22:18, STARS: 0

Congrats. Keep on them about the title. Know 2 people that fought for ever to get them to send it out after the loan was paid. One was my rents who were trying to sell the vehicle and had to wait 6-7 weeks to list it.

Kinja'd!!! "atfsgeoff" (atfsgeoff)
08/13/2017 at 01:18, STARS: 1

Congrats! It’ll feel great to have that extra money every month.

I’m well on my way to paying off my motorcycle in one year’s time (loan term is 2 years). Making an extra full payment every month toward principal.

Not everyone is a financially clueless idiot who is in perpetually increasing auto loan debt. There is hope for humanity yet.

Kinja'd!!! "FTTOHG Has Moved to https://opposite-lock.com" (alphaass)
08/13/2017 at 09:44, STARS: 0

Yep IMO you should always take out a loan with the ability to pay more than the monthly payment as a cushion so that if little things come up you can still stay ahead on payments. For us some things did come up and it took longer than I’d like but we still got it paid off early. Now I’m putting the majority of what I paid monthly into an account earmarked for maintenance and hopefully I can keep the car for 10 years/150k or more.