Go Back   986 Forum - The Community for Porsche Boxster & Cayman Owners > Porsche Boxster & Cayman Forums > Boxster General Discussions

Post Reply
 
LinkBack Thread Tools Display Modes
Old 12-06-2008, 04:17 PM   #1
Registered User
 
Join Date: Apr 2005
Location: Cali
Posts: 107
paid off my loan yesterday

ahhh! gotta tell you all that I'm so glad! I paid off my Porsche Boxster loan yesterday! Now I can continue to drive the car, knowing it's all mine and I can't wait for the pink slip to arrive! Granted, I bought the car used in 2004 and I paid it off 11 months ahead of schedule, but it's so nice to be able to drive the car knowing that there aren't any more payments! And I plan to keep it! So, to treat myself, and the car, I got it detailed today. I opted for the "clay wax" plus everything else (which included full leather and upholstery conditioning...for only $50! Times are tough for some here in Cali, and I feel the pain (who knows what classroom situation I'll be in next year, but that's another story).
BTW, anyone know about using clay on the car's paint job? I've done it a few times before, every few months, and it is fantastic! You just run your fingers across the paint, at any point, and it so smooth, no oxidation residue, nothing!
So anyway, I just wanted to share...I'm happy, the car's happy and life is good!

teacher is offline   Reply With Quote
Old 12-06-2008, 06:47 PM   #2
Registered User
 
Join Date: Aug 2008
Location: United States
Posts: 67
Congratulations man! enjoy your Porsche! how did you pay it off ahead of schedule? Did you just sent in more than what the payment was every month?
Nineteen89 is offline   Reply With Quote
Old 12-06-2008, 08:03 PM   #3
Registered User
 
Join Date: Apr 2008
Location: Atlanta, GA
Posts: 23
Congratulations! Knowing the car is YOURS is a great feeling.
Fletch986 is offline   Reply With Quote
Old 12-07-2008, 04:28 AM   #4
FTD
Registered User
 
Join Date: Nov 2007
Location: Atlanta, GA
Posts: 834
Congratulations! And I sure would like to get a detail like that for only $50. Very nice!
FTD is offline   Reply With Quote
Old 12-07-2008, 04:38 AM   #5
bmussatti
Guest
 
Posts: n/a
Congrats! Good work. It is even more of a "status symbol" to be debt free, than it is to own a sportscar.
  Reply With Quote
Old 12-07-2008, 01:22 PM   #6
Registered User
 
Join Date: Oct 2007
Location: Midwest
Posts: 1,746
Quote:
Originally Posted by bmussatti
Congrats! Good work. It is even more of a "status symbol" to be debt free, than it is to own a sportscar.

Agreed!!! Doesn't look as cool though lol. You sound like a Dave Ramsey fan bmussatti, me too. To Teacher Congrats!!!! The more debt free someone is the better they feel.
coreseller is offline   Reply With Quote
Old 12-07-2008, 02:06 PM   #7
Registered User
 
Brucelee's Avatar
 
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
Great job. Nice to own it free and clear no?

:dance:
__________________
Rich Belloff

Brucelee is offline   Reply With Quote
Old 12-07-2008, 07:58 PM   #8
Registered User
 
Join Date: Jan 2005
Location: Dallas, TX
Posts: 1,460
Dave Ramsey fan here!

Congrats teacher... Good job! And I mean that sincerely. I recently paid mine off as well (ahead of the Dec. 09 schedule) and it really is a great feeling. I send you a high five!

Unfortunately, in my case, it accelerates the desire to get another car (Can you say Carrera 4S?).

Getting the title the mail is truly and officially the certificate of freedom.
__________________
.
1997 Honda Accord | V6
2004 BMW 330i | ZHP | SOLD
2000 Porsche Boxster | SOLD | http://www.986forum.com/forums/showthread.php?t=9114

http://www.kryzak.com/storage/986sig12.jpg

http://kryzak.tumblr.com
Jeph is offline   Reply With Quote
Old 12-08-2008, 10:12 AM   #9
Registered User
 
tnoice's Avatar
 
Join Date: Nov 2008
Location: Champaign, IL
Posts: 355
Congrats, except I am confused. So it was not your car when you had a loan on it? "Now I can continue to drive the car, knowing it's all mine"

Even with a lein on the car, you could still install a car stereo, install rims, or even sell the car if you wanted to. I do not see how your control of the vehicle increased simply by paying off the loan, especially 11 months early. The interest that is being charged on your loan is not necessarily bad if you have the payoff amount sitting safely in a savings account earning the same amount. That being said, if your loan was for 8+%, I will proceed to stop talking, and tell you CONGRATS!!
__________________
Lov'n my boxster!

2013 Lexus IS350awd
2007 Toyota FJ Cruiser
2004 Porsche Boxster S
tnoice is offline   Reply With Quote
Old 12-08-2008, 10:39 AM   #10
Registered User
 
Join Date: Sep 2008
Location: Crawfordsville
Posts: 5
Another teacher with a porsche!!!
jopo43 is offline   Reply With Quote
Old 12-13-2008, 04:29 PM   #11
Registered User
 
Join Date: Apr 2005
Location: Cali
Posts: 107
payments

the scheduled payments were about $425 a month, but I paid $600 a month. And now the car is still worth $17k at least, so I'm happy
teacher is offline   Reply With Quote
Old 12-13-2008, 04:32 PM   #12
Registered User
 
Join Date: Apr 2005
Location: Cali
Posts: 107
not only that, bmussati

Porsches are classics, the way I see it..sure the dealership gives me enticing offers, but no, I'm happy with what I have. Not to mention I always maintained it and I know the money I put into my car, including the new top with glass...thanks all!
teacher is offline   Reply With Quote
Old 12-13-2008, 04:38 PM   #13
Registered User
 
Join Date: Apr 2005
Location: Cali
Posts: 107
tnoice

I got my loan in the good old days...5.9% financing, and my down payment was $14000 interest free forever, from Citibank...so really I do owe $5,000 to them now, but it's not costing me anything so, life is good, they'll get their money when I'm good and ready! lol and they do, credit rating is everything today.
teacher is offline   Reply With Quote
Old 12-14-2008, 03:08 AM   #14
Registered User
 
Join Date: Nov 2008
Location: Use 2B NW Ohio, now NE Ohio
Posts: 563
Hold on... I'm confused. Its a Porsche, so you really never finish paying for it. Tires, belts, oil, fuel, upgrades, fuel, stereo, fuel, rims, fuel, more tires, fuel.

But I will say its nice to have the title at home.

Congrats... and drive it like you don't own it!
__________________
My Porsche mechanic drives a Saturn.
'98 Artic Silver w/ Tip
vath2001 is offline   Reply With Quote
Old 12-14-2008, 06:15 AM   #15
Registered User
 
Brucelee's Avatar
 
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
Perhaps you can lend this guy some cash

Dec. 14 (Bloomberg) -- Prince Alwaleed bin Talal, Citigroup Inc.’s largest individual investor, lost 19 percent of his personal wealth in the past year as the global economic slump reduced the value of banking and property assets, according to Arabian Business.

The Saudi billionaire was ranked the wealthiest Arab with assets worth $17.08 billion as of Dec. 2, the 2008 Rich List, published on the Dubai-based magazine’s Web site today said. That compares with $21 billion a year ago, the magazine reported, citing Alwaleed’s private financial accounts.

“Everyone has been guessing for 20 years” about the assets, Alwaleed was quoted by Arabian Business as saying. “I want you to get it right -- to get it absolutely right.”

Financial firms worldwide have taken $980 billion of writedowns, losses and credit provisions since the start of the current turmoil in the financial markets, according to data compiled by Bloomberg. More than 200,000 jobs have been cut across the industry and the U.S. benchmark Standard & Poor’s 500 Index has dropped 40 percent this year.

Making Money
__________________
Rich Belloff

Brucelee is offline   Reply With Quote
Old 12-14-2008, 05:27 PM   #16
Registered User
 
husker boxster's Avatar
 
Join Date: Sep 2006
Location: Omaha
Posts: 2,865
Quote:
Originally Posted by Brucelee
Dec. 14 (Bloomberg) -- Prince Alwaleed bin Talal, Citigroup Inc.’s largest individual investor, lost 19 percent of his personal wealth in the past year

In the immortal words of John McClane - "Welcome to the party, pal!"

Don't think I'll be shedding any tears for the old Prince. It's interesting, it seems this economic downturn is really hurting the Arab economy too. Past recessions were partially their doing as they cut oil production, increased prices, and made boat-loads of $$$ at everyone else's expense. Maybe in an effort to diversify their economies they've become what they outwardly loathe - Capitalists. Hopefully they'll realize the importance a strong US economy plays in the world economy and think twice about hatching some death-blow move on us.

I guess it's good to know the really rich are worth 3/4 of what they used to be, just like us common folk. I'm glad I was able to pay off my mortgage last summer and all I have to do is pay the taxes on my house and make Boxster payments for 36 more months.

__________________
GPRPCA Chief Driving Instructor
2008 Boxster S Limited Edition #005
2008 Cayman S Sport - Signal Green
1989 928 S4 5 spd - black
1987 928 S4 - Granite Green Metallic (Felsengrun)
husker boxster is offline   Reply With Quote
Post Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -8. The time now is 03:40 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0
Copyright 2024 Pelican Parts, LLC - Posts may be archived for display on the Pelican Parts Website -    DMCA Registered Agent Contact Page