Just mailed my last payment to Ally. Four years 0% interest. I hope I can go awhile with no car payments (wish it were all up to me). Feels good, especially since I still love the car!
It's not luck. It's discipline. So have you learned your lesson. 4 cars in 2,5 years with the dealerships getting you coming and going on the trade and the new car must have been killer. $395 every two weeks is your punishment, your penance. Promise us right now, you won't be this stupid with cars again. Once the negative equity from all those cars and the volt is paid off, drive and maintain the volt for as long as you can before getting another car. And try to buy that next car with cash. If you haven't saved the cash, then you can't afford that car.You guys are lucky... Me, I took some bad financial decisions in a row, and bought 4 different cars in 2.5 years, each time finance and balance added to the next one. Now, I have a 2013 VOLT that I pay 395$/per 2 weeks, for 8 years... BUT, i'm already 3years, 8 months In, so pretty much half paid. I'll keep this one until I see the end of that Loan. After that, if the VOLT won't be all rusty, will keep it until it dies on me BOLT is my next one in AT LEAST 4 years, 4 months
Great plan. Stick to it.I got you beat! I just paid off the 20K credit card I inherited from my ex-wife in our divorce! Now I can forget that she ever was a financial drain on my life
PS: Yes, the $500 a month I was paying towards that card will now go into my savings account... and then be used to pay off my 2016 Volt several years ahead of schedule.