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Home > Hmm, Part 2

Hmm, Part 2

January 20th, 2016 at 03:22 am

When I wrote Hmm Part 1, I really wasn't planning on pulling the trigger yet.

But, I thought about it all day, and I couldn't think of a good reason not to pay it off. It would make me happy, and life is about the pursuit of happiness, right?

So tonight I transferred $8,800 from savings to my car loan, bringing the loan balance down to $260.13. Wells Fargo's website is kind enough to show the loan payoff balance every day. Using their info, I transferred an additional $38.32 from checking, bringing the balance down to $221.81. My regular payment of $248.65 will happen automatically tomorrow. After it posts, my balance should be $0.00.

Yay, it feels good. Smile

Now to rebuild savings.

Posted in Car Loan Update | 5 Comments »

5 Responses to “Hmm, Part 2”

  1. creditcardfree Says:
    January 20th, 2016 at 03:44 am 1453261440
    1453261440

    Well! How exciting!! Now to get moving and posting about your emergency fund. I look forward to hearing about that.

  2. ceejay74 Says:
    January 20th, 2016 at 05:04 am 1453266282
    1453266282

    Yay! I don't blame you; I probably would have done the same. Now you can use that money to rebuild your EF and you'll pay no more interest on that debt. Congrats!

  3. snafu Says:
    January 20th, 2016 at 07:32 am 1453275160
    1453275160

    How wonderful it feels to write Paid in Full on the car loan documents. I hope you call your insurer to let them know there is no longer an outstanding balance. Does it cause a modest reduction in premium? You are part of a small minority who have no outstanding sum owed on their vehicle.

  4. MonkeyMama Says:
    January 20th, 2016 at 02:22 pm 1453299739
    1453299739

    Oh, wow! Congrats on the payoff!

  5. FrugalTexan75 Says:
    January 21st, 2016 at 03:23 am 1453346590
    1453346590

    Congrats on paying off the car loan!

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