Paid it off this morning!!!!

[Doctor P]

Well, we decided to pay off our DVC loan this morning. I bought a new car about two weeks ago. The deal I got on the car allowed me to buy it with my budgeted payment without putting any money down or taking too long a loan period. So we took the money I had set aside for the car down payment and put 40% of it into an account to save for a down payment on a replacement for DW's car (hopefully a few years out) and took the remaining $ and paid off our DVC loan. Not having the DVC payment will pay for more than 50% of the car payment, so I won't have to come up with that much! The 10.95% interest on our DVC loan was requring about $1.00 per day in interest so that will be a nice savings, too. Now we are in the category of the "maintenance fee only" vacation people for the next 40 years or so!

 

[Laurajean1014]

Congratulations, Doctor P!

 

[POOH&PIGLET]

Congratulations!

I hope I can pay off my loan soon too.

 

[wdwnut]

Congratulations!

 

[Credit Man]

Congratulations!

 

[CarolMN]

Feels really, really good, doesn't it?

Congratulations!

 

[Granny]

Great move Doctor P!!

With the current low interest rates, it'd make sense to get a private loan and pay off any 10.75% loans anyway. Paying it off in total makes it even that much better!

Getting a loan paid off is like getting a raise in salary...you see that extra money every month!

CONGRATULATIONS!

 

[rbuzzotta]

Congratulations!!! It is a wonderful feeling! I look at it as "free" vacations for the next 41 years!!!!!! (I still cringe when the maintenace fee bill comes in after the holidays though!!!)

 

[JudithM]

Good for you! Isn't it a great feeling? I remember when we paid off our DVC loan early.