Well year 2 of the 5 year loan on the vehicle is done. I have lopped off at least a year off the end of the loan through lump sum payments as often as I could. Below is the chart showing how much was paid in interest, principal and lump sum.
I have to say that Year 3 isn't going nearly as well. With the loss of wages, the computer malware expenses and some other surprise expenses, there hasn't been any to pay down thus far. I am hoping this changes very soon.
Here is Year 1 for comparison.
Tuesday, Nice weekend!
2 days ago
4 comments:
Tha's amazing that you were able to save that much off of you're loan. COngrats and good job!
I agree! Well done on how you were able to save off your loan!! I think your going a great job and I am sure it will only get better!
That's an amazing accomplishment!!
It'll be so nice to have a car loan paid, right? I'm trying to do the same thing. I re-financed my large one through a credit union which took 2 years off, and now I'm trying to pay it off before June, 2012.
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