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View Full Version : Woo Hoo everything is paid off!


South Florida Lawns
08-03-2008, 08:49 PM
Just sent in the last payment on my truck. Going to look at a new Diesel tomorrow and probably a new mower!

oakwdman
08-03-2008, 08:55 PM
lol, jumping right back in the payment saddle! im a firm believer that you gotta spend $ to make $.

mybowtie
08-03-2008, 09:08 PM
Congrats.................for a little while youll be payment free anyway...
What Diesel ya thinking of??:usflag:

mattfromNY
08-03-2008, 09:28 PM
Having everything paid off.... oh, what a nice dream.... Good job, especially in this economy.

Daily Lawn/Landscape
08-03-2008, 09:52 PM
Some just can't live without a payment hanging over their head. Believe it or not, if you save up and pay cash for things you actually spend less money.

James

South Florida Lawns
08-03-2008, 10:05 PM
I was suprised at all the people that are against financing things on here.

I paid prolly $200 more by financing my 2003 chevy new than if I would have paid flat cash for it. Big deal money is made and spent.

As for diesels Isuzu NPR.

As for daily If you do it right you can get money cheap these days, its not that bad.

Daily Lawn/Landscape
08-03-2008, 10:19 PM
If $200 is no big deal, than just send me $200. I'm just saying, financing is not a good deal. The last truck I purchased, I wrote the check for what I would pay for it, which was slightly over Wholesale after going round and round with the sales mgr and drove it home that day. You have the carrot when you have the money.

James

J&R Landscaping
08-03-2008, 10:33 PM
Wish I could say the same for my truck. I still have nearly 4 years to go... Congrats! Are you going after a stander now?

South Florida Lawns
08-04-2008, 01:04 AM
yeah I have narrowed it to a stander. So daily how would you go about purchasing a home? Don't tell me your gonna throw 250,000 cash down? Thats "Ballin" if you do!

I'm just curious.

grass_cuttin_fool
08-04-2008, 01:14 PM
Yep ya need new stuff for tax deductions....even the interest on the loan is a deductible....no need to send it to the gov...rather have it in the yard to look at then in DC

wayne

TomberLawn
08-05-2008, 05:11 PM
Congrats on being out of debt. I'll be debt-free when I get a big check I invoiced last week. I'm planning on staying out of debt for a while and saving up for the next couple years so that when I graduate from college, I'll have some money to invest in marketing and maybe a house.

ed2hess
08-05-2008, 10:51 PM
I'll have some money to invest in marketing and maybe a house.

Better start saving for that house ....in our area the new rules are that you must have 20% down.

TomberLawn
08-05-2008, 11:16 PM
Better start saving for that house ....in our area the new rules are that you must have 20% down.

Yeah, that is a big chunk of change to throw down, but I have access to about 60 acres that I can build on wherever I want. And I've seen modular homes advertised for less than $100k. I really hate debt, so I'll probably build a smallish house (by today's standard, 1500 sq ft is small) and pay it off as quick as I can. I don't want to keep sending checks to somebody for half of my life.

ed2hess
08-06-2008, 10:59 PM
Yeah, that is a big chunk of change to throw down, but I have access to about 60 acres that I can build on wherever I want. And I've seen modular homes advertised for less than $100k. I really hate debt, so I'll probably build a smallish house (by today's standard, 1500 sq ft is small) and pay it off as quick as I can. I don't want to keep sending checks to somebody for half of my life.

That is a sensible thing to do....today standards are going to change since not many people will be able to get down payments. It was a foolish thing for all these young people to have homes in the 2k and over range. Almost took down our economy. But we are thinning out the herd.

jdmcat
08-09-2008, 01:03 AM
I paid prolly $200 more by financing my 2003 chevy new than if I would have paid flat cash for it.

No way you paid on a truck for 5 years and only paid $200 in interest.

sancho_man_orlando
08-09-2008, 01:34 AM
I bought a white 98 chevy 1500 for 3,500 cash

I have top of the line equipment and tools all paid for. Everything was purchased a few years used.

Now when I'm ready to upgrade my truck I can basically sell my truck and buy something with the money from the sale and more cash to boot.

Having no truck payment really helped during my first year.

South Florida Lawns
09-18-2008, 06:46 PM
Well I'm back in debt now. Had to buy some new Stihl handheld's!

South Florida Lawns
09-18-2008, 06:47 PM
No way you paid on a truck for 5 years and only paid $200 in interest.

I meant $2000

pclawncare
09-18-2008, 07:17 PM
Just curious what was the interest rate on that loan?

RedMax Man
09-18-2008, 10:57 PM
Everything i have i own so as of now i'm debt free. That is equipment and things related to the business.

Kennedy Landscaping
09-18-2008, 11:08 PM
I too am debt free. As I don't have a checking account at this time I just always use cash. I absolutely hate owing people money

tradeyouraccounts
09-18-2008, 11:29 PM
The way the economy is now im sure there is a 0% financing deal that can be found. I got one on the Tundra 08 and love it. :clapping:

pclawncare
09-19-2008, 12:58 AM
debt free on my stuff

jsw2008
09-19-2008, 10:19 PM
I'm debt free too...business and personal stuff.

South Florida Lawns
09-20-2008, 12:40 PM
Just curious what was the interest rate on that loan?

Couldn't tell you it was so long ago. I was 18 then and all I remember was signing so much stuff.

M RASCOE&SONS
09-21-2008, 11:04 PM
trucks are made to last more than 5yrs,not just the life of the loan.just my 2 pennies.

pclawncare
09-22-2008, 02:42 AM
Well for you to only pay $2000 on the loan of a brand new truck you would have to get around 2% interest. Maybe you could swing that now days but 5yr ago i doubt it but anyway guess thats not really my business what you do with your money