Well done, now for the good year of no payments and enjoyment

 

Congrads on paying it off. I was doing good on mine till this past May, been out of work since with cancer, but on the mend now, but still looking at least another two months out of work.

 

That extra money is going toward paying off my truck. I plan on getting it paid off early too. I haven’t “mailed” in a payment in years. Since both my bike and truck are financed through my credit union, I either go online or call them to make a payment.

 

It sure puts a bigger smile when you're riding! Now you can afford to get more "chrome".

 

Congrats! Must feel great not to owe anyone money for your toy.

Just don't be one of those guys: "Went to the dealer to buy a bolt...came back with a new bike!"

 

Congrats on paying it off. Personally, I have no idea what that would feel like. I have NEVER had a loan on any of the 45+ motorcycles I've owned since 1968. If I couldn't pay cash for it, I didn't buy it. Just a little something my dad drilled into me as a kid...."if you have to borrow money to buy something, then you can't afford it." Been blessed, worked hard, saved money and paid cash for my bikes, cars, AND home! Not saying people with loans and payments are doing something wrong, just telling you the way I was raised.

 

Congrats great feeling

 

Not trying to start a debate about financial responsibilities lol but, if I can get a loan for say, 1.9% vs. losing potential interest that the money would make for more than 1.9%, I will take that loan in a heartbeat. S&P 500 is up 39% past 5 years.

But I get the peace of mind if not having a loan to pay every month. I never met a person that woke up in the morning and said :”Ahhh what a beautiful day! I wish I had a mortgage to pay!”

 

Ever meet someone that is renting?

 

Oh yes. I know a few very wealthy individuals that rent.