3rd Gen Protege/MazdaSpeed/P5/MP3 General/Maintenance Discussion for 1999-2003.5 Models Only (BJ Chassis)

Paid off my Protege!

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Old January-9th-2003, 10:59 PM
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Talking Paid off my Protege!

it has taken 30 months of $$ saving, but tonight I have finally done it. I just sent out the last payment check for my Protege!

even though my checking acct will be 1/2 of what it is now once they cashed the check, but now I can finally say I OWN (completely!) 2 cars without fearing creditors come repossessing my car!

what a great feeling
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Old January-9th-2003, 11:12 PM
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and to celebrate this great occasion, I will quote a piece of lyric from the Notorious B.I.G.

Hypnotize

"...At last, a ***** rappin bout blunts and broads
**** and bras, menage-a-tois, sex in expensive cars
I still leave you on the pavement
Condo paid for, no car payment
At my arraignment, note for the plantiff
Your daughter's tied up in a Brooklyn basement (shhh)
Face it, not guilty, that's how I stay filthy (not guilty)
Richer than Richie, till you ****** come and get me

[chorus]
Biggie Biggie Biggie can't you see
Sometimes your words just hypnotize me
And I just love your flashy ways
Guess that's why they broke, and you're so paid
[/chorus]"

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Old January-10th-2003, 03:20 AM
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Damnit!!! I have 63 more month's to go...
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Old January-10th-2003, 09:27 AM
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Re: Paid off my Protege!

Originally posted by ZoomZoomH
it has taken 30 months of $$ saving, but tonight I have finally done it. I just sent out the last payment check for my Protege!

even though my checking acct will be 1/2 of what it is now once they cashed the check, but now I can finally say I OWN (completely!) 2 cars without fearing creditors come repossessing my car!

what a great feeling



Feels pretty good, doesn´t it?
Nothing like being able to say "I own a Protege", and really mean it.

It took me about 12 months to pay for mine. But that´s because I had about $3,000 that I put down, plus about $6,000 that I got when I sold a ´94 Civic. I also would make extra payments every single chance I got (Christmas bonus, etc. would all go to payments)

Now... if I could also say that about my house, I would be a very happy man (I accept donations).
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Old January-10th-2003, 09:44 AM
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Awesome! Congrats!

I hope to be able to get mine either paid off, or mostly paid off when we sell my grandma's house this year. She left it to us in 1/3rds and I'm not sure how much it's worth. (OKC-small house)

I would love to have at least 1 car paid off, because our other car is through Ford Credit and is minimal, as far as payments go!
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Old January-10th-2003, 10:03 AM
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GYEAH!!!!!!
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Old January-10th-2003, 10:24 AM
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Well, I just recieved my first statement. I can't express my "happiness".

On a side note, since I have 0% APR, what happens if I pay more than what the statement says. Say I pay $500 every month, instead of $300
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Old January-10th-2003, 10:25 AM
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16 months to go for me
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Old January-10th-2003, 10:47 AM
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Originally posted by KpaBap
Well, I just recieved my first statement. I can't express my "happiness".

On a side note, since I have 0% APR, what happens if I pay more than what the statement says. Say I pay $500 every month, instead of $300
you just get to pay off your car faster. All the extra money goes toward your principal balance.
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Old January-10th-2003, 11:56 AM
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hey you can help us pay off our cars then too... j/j good for you man
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Old January-10th-2003, 12:59 PM
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42 months on my car and van 98 Voyager familly mobile and my 01 Pro! I bought my van New in 98 and due to refinancing all the time, I still owe another 3 years after the first 5 have past. Then again at the ripe old age of 29, I have owned

1)1979 Ford Granada-inherited!
2)1987 Ford Tempo (Worst piece of crap I ever owned!
3)1997 Ford Escort Lx wagon (First familly wagon)
4)1993 Geo Storm -Very cute little car
5)1994 Saturn SC2 coupe (Very reliable,but no air and only 4 seats
6)1998 Plymouth Voyager -Still have, love the room!
7)1998 Merc Mystique GS sport- Loved the car, all the problems of a Ford Focus! Just goes to show that Ford never thought much about fixing their problems.
8)2001 Cavalier, Got a great price and trade in when traded. Very unreliable car!!!!!!
9)2001 Pro. 1.6L Bought it used, 20000kms of my own and I love it so far. Knock on wood!! Zoom Zoom!

I guess I got a little off topic!

Last edited by distance; January-10th-2003 at 01:01 PM.
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Old January-10th-2003, 01:28 PM
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i paid mine off also. it feels great to not be paying someone else's (finance company) boat payment.
now if i could only figure out how to pay off my house??
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Old January-10th-2003, 03:47 PM
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Originally posted by KpaBap
Well, I just recieved my first statement. I can't express my "happiness".

On a side note, since I have 0% APR, what happens if I pay more than what the statement says. Say I pay $500 every month, instead of $300
But why would you want to do that if you have 0% APR? Put the extra money that you have in the bank or some funds that gives you interest.
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Old January-10th-2003, 03:57 PM
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Originally posted by douggie


But why would you want to do that if you have 0% APR? Put the extra money that you have in the bank or some funds that gives you interest.

He want´s to do that, so that when the interests do kick in, they will be based on a lower principal. Remember that the interest you pay on loans will ALWAYS be higher than whatever miserable interest you get on savings.
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Old January-10th-2003, 05:06 PM
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Originally posted by LOS-323



He want´s to do that, so that when the interests do kick in, they will be based on a lower principal. Remember that the interest you pay on loans will ALWAYS be higher than whatever miserable interest you get on savings.
So when does the interets "Kick in"? To my understanding, he got the 0% APR for 60 mths financing, so basically his monthly payment is the final car price divided by 60. And for the next 60 mths, he's going to pay 0% interest. And at the end of 60 mths, he would have paid off his car, so I really don't see anything "kicking in".

But of course, I might be wrong...
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