fordmantpw
Veteran Member
If during the period of no payments you pay yourself you are better off yet. I pay myself $400 a month per vehicle I have payed off. Then when its time to buy new I have 20 grand to put down. This way I can buy a new vehicle and have a 2 year payment with my trade and large down payment.
For example I have $19600 in my wifes car account. Its a 2007 BMW with 84,000 miles. I have it on CL for $18,250 so if I get my price I could buy her a bew $40,000 SUV cash.
Chris
Sounds like an excellent plan!