How i've only made 1 payment in 6 months
 

i hate yall

Only in the USA. Wow, no wonder financial institutions got into trouble.

not to mention that if you ever wanted to trade the car in you would have to pay on it at least 3 1/2 years just to come close to breaking even... not for me!

I hope you start making payments on the car soon as you are putting on lots of miles, the value is declining, and your loan is getting more under water daily.

Yeah, seriously. Holy crap. :icon18:

i made one payment too, first and last payment :)

:tup:

i wish i had that luxury. :shakes head:

me too ;)

Financial institutions have us in trouble! Except for the high risk mortgage ones, all other banking institutions manipulated Bush's govm't to "lend" them (i.e. "bail them out") $120 BILLION taxpayer dollars! Now, they're trying to avoid paying it back! As someone said: "Only in America"!

ah but if you guys had the cash to pay off a nissan, some of you probably would want a more expensive brand :)

for me it was a no brainer: the bank is paying me 2.35% interest rate on my money but they wanted 3.99% for a car loan. i just withdrew my money and paid off the car.

Good choice. Now if only the financial institutions thought that way.:ugh2:

Far be it from me to tell people how to handle their finances, but this really isn't a "deal". You're still accruing interest and it's just pushing out your payoff date while the car is losing value from when you actually started driving it. If you can't afford to make payments for a few months, you're probably better off waiting on the car and having even more money to put down on it in a few months, instead of doing this.

+1. And a 72 month term is pretty killer, especially at 4.75%.

I actually want to do the opposite of what the OP is doing as I would like to pay off the car in no more than 42 months to save some interest while having financial flexibility about 5 years down the road.