Finally done!
Thread Starter
O.G.
Joined: Nov 2000
Posts: 11,744
Likes: 1
From: East Hanover, NJ
Finally done!
I am finally done paying for my TL. After 5 long years, the TL is finally MINE!
I got the title in the mail today and I couldn't be happier.
:bigclap: 
So is everyone done paying for it or what? This excludes the rich people who actually paid it in full at the beginning.
I got the title in the mail today and I couldn't be happier. :bigclap: So is everyone done paying for it or what? This excludes the rich people who actually paid it in full at the beginning.
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Cars are an addiction
Joined: Aug 2003
Posts: 1,302
Likes: 0
From: Nazareth, PA
Shawn
Do you have Acura Financing?
If I were to pay extra each month, do I need to make out 2 checks. 1 to the payment and 1 to the principle? I paid extra on 1 check and the next month my payment statement went down. Not what i wanted to do.
Do you have Acura Financing?
If I were to pay extra each month, do I need to make out 2 checks. 1 to the payment and 1 to the principle? I paid extra on 1 check and the next month my payment statement went down. Not what i wanted to do.
registered pw
Joined: Aug 2003
Posts: 38,859
Likes: 366
From: south central pa
if you have it financed thru honda, i think it is a simple interest loan. so if say your payment is 300 per month and you double it. it will only show your total payoff.
if you are paying say 300 a month on a 20k car and you end up paying for that car in 4 years instead of 5, you have saved yourself the rest of the interest that would have been charged if you went the whole term.
so if you look at the funancing info where it says say 2000$ in interest along with the 20k loan, you may save 3 or 400 in interest.
thats how it has worked for me
if you are paying say 300 a month on a 20k car and you end up paying for that car in 4 years instead of 5, you have saved yourself the rest of the interest that would have been charged if you went the whole term.
so if you look at the funancing info where it says say 2000$ in interest along with the 20k loan, you may save 3 or 400 in interest.
thats how it has worked for me
Stay or leave
Joined: Jul 2003
Posts: 1,224
Likes: 0
From: Orlando, FL
I have mine thru honda financing as well, its not really Acura financing its all under the umbrella of Honda. But its smart, if you can afford it to pay your car off faster cause you'll save yourself interest in the long run. I wish i could afford to pay more now, but i'm stuck for another 4 years. I wish i kept my old car, no car payment = tons of money saved!
CLS 6MT Navi
Joined: Mar 2003
Posts: 3,163
Likes: 27
From: AustinTX
Congrats. I usually save up ahead of time and pay cash cause I want to buy a car, not interest. For the CL, I still had to finance half of it with Honda. On the first payment I paid it off with a lower interest loan from my parents. It's nice to have the title, but I still owe the parents about $9k, after about 10 months.
Team Owner
Joined: Oct 2000
Posts: 20,014
Likes: 0
From: Hellertown, Pa. USA
Originally posted by CLean
Shawn
Do you have Acura Financing?
If I were to pay extra each month, do I need to make out 2 checks. 1 to the payment and 1 to the principle? I paid extra on 1 check and the next month my payment statement went down. Not what i wanted to do.
Shawn
Do you have Acura Financing?
If I were to pay extra each month, do I need to make out 2 checks. 1 to the payment and 1 to the principle? I paid extra on 1 check and the next month my payment statement went down. Not what i wanted to do.
The monthly payment is via automatic withdrawal from my checking account each month.
I just mailed them an extra check every few months and specified in an attached letter that it be applied to the PRINCIPLE BALANCE.
If you do this, just make sure you check with them every few months that they’re applying it correctly.
Drifting
Joined: Dec 2002
Posts: 2,619
Likes: 15
From: Lehigh Valley, PA
Paid my 01 off in exaclty 3 years. Was finished last June, feels so good not to have that monthly payment, but you get spoiled and it will be tough when the time comes to buy a new one, at least i am now.
1-2-3-4-5-6-speeeeeed!!!!
Joined: May 2003
Posts: 1,486
Likes: 0
From: Yonkers, NY
Damn I am on #12 of 60, so it has been about one year in a few days that I had bought the CL-S......put a good 16k miles on it....DAMN.......but oh well whats the point if you have a car and never drive it.....anyway, I think I am going to start giving some more money each month to pay off earlier!! I would really like to buy the Comptech Headers but that grand is a grand less in my payments and a few (3) months earlier I am done with the payments!!
Beware of leakage
Joined: Dec 2002
Posts: 19,790
Likes: 0
From: Shreveport, Louisiana, just east of nowhere
Congrats, I am actually going to start putting a little more into each month. I was upside down when selling my previous car. Don't want that shit to happen again:shakehd:
TQ > MPG
Joined: May 2003
Posts: 3,624
Likes: 8
From: Metro Detroit
I would pay more towards mine, but the interest is so low - 2.9%, that I could easily make more than that by investing it. I'm trying to pay off my mustang because it has like 10.5% financing. :o Yeah, I've learned stuff about the car loan game, thats for sure. 
It'll be nice once I have my mustang paid off and my taurus sold. One car payment & only 1 car with full coverage = wheels, headers, & tint, and thats only for the mustang, the cl gets the same treatment. 
Oh, and congrats
It'll be nice once I have my mustang paid off and my taurus sold. One car payment & only 1 car with full coverage = wheels, headers, & tint, and thats only for the mustang, the cl gets the same treatment. Oh, and congrats
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