Comments on: It’s Official…My Car is Now a Pure Asset, Baby!

By: Blogging Away Debt » Blog Archive » A Reflective Look Back at 2006 - Goodbye to $13,000 of our Debt

Sun, 31 Dec 2006 02:26:40 +0000

[...] It’s Official – My Car is Now a Pure Asset, Baby! – I don’t talk about our non-credit card debt much, but paying off our car was a wonderful event. [...]

By: Tricia

Tricia — Wed, 20 Sep 2006 02:49:02 +0000

D – this is probably the first time we have had a car loan and our car was worth more than the loan for the whole duration. I have to give it to my little Toyota Echo. It held its value well.

Lisa – actually, I haven’t driven it too much except for some this past weekend. It didn’t really feel different, but as I gripped the wheel it was a feeling of “it’s all mine….muwahhhhh”

Mike – the release came in the mail today so all we need to do is get the new title. I would love to put the payment towards other debt, but we have to get health insurance. I feel like we are playing with borrowed time in that regards.

By: Mike

Mike — Tue, 19 Sep 2006 03:47:30 +0000

If they don’t send you a Release of Lien so that you can get a clear title within 30 days, start harassing them to get it. That’s what I had to do two cars ago (since then I’ve paid for them outright).

And since you’ve paid it off, keep making those payments toward your other debt. (suspect that’s what you were planning to do anyway)

By: Lisa

Lisa — Thu, 14 Sep 2006 01:53:51 +0000

Congratulations! Does it feel different when you drive it now?!

By: D

Wed, 13 Sep 2006 22:32:34 +0000

That is so great. I know the car payments were always the worse for me. Maybe cause I could keep looking at KBB.com and realized I owed more than they were worth.

Thankfully I have been car payment free for a long time. Hopefully, God willing it will remain so.

This is a huge step and something to really be proud of. You go girl!!!

By: Tricia

Tricia — Wed, 13 Sep 2006 22:08:11 +0000

Thanks everyone!

By: DEBTective

DEBTective — Wed, 13 Sep 2006 21:07:36 +0000

Way to go, baby! Proud of you for deep-sixing your debt.

By: mapgirl

mapgirl — Wed, 13 Sep 2006 20:32:09 +0000

That’s great news! Good for you Tricia! Health insurance is a great alternative to saving money since one healhcare crisis could throw your debt reduction plans out of whack.

By: Kevin

Kevin — Wed, 13 Sep 2006 18:32:18 +0000

That’s great. Now do like I do and drive it into the ground. The last car I had, I couldn’t even sell it after I was through with it. I had the junkyard tow it away. OK, they gave me $15 for it.

By: Matt

Matt — Wed, 13 Sep 2006 13:32:24 +0000

Congrads! Cars are probably one of the most expensive items we ‘own’ and having one less payment is great. I can’t wait till the day I own mine outright(only 4 more years)

By: Kim L.

Kim L. — Wed, 13 Sep 2006 13:11:48 +0000

Congratulations, that’s great! We have 8 months left on one of ours and I can’t wait!

By: Carl

Carl — Wed, 13 Sep 2006 13:09:28 +0000

It will feel even better when you have the title on your hands. We had 2 cars paid off, and then when one of them died, tranny @ 250,000 miles. I traded the other paid off vechicle, regular cab truck, does not carry 2 car seats. Now we are back to not having any titles.