Home > The Van Loan Balance Drops AGAIN!

The Van Loan Balance Drops AGAIN!

August 17th, 2010 at 01:16 pm

We made our regular van payment with $448 going to principal. This brings our new balance below $13K!

New Balance: $12,593

Our regular payment is $496, but as we have paid down the principal balance on the loan, I've noticed that Honda is lowering our payment due. For instance, next month our payment will be $493.82. I guess that is good...I just need to add a few dollars extra to the principal payment.

Other news related to the van: I've requested cancellation of the GAP insurance we purchased. I'm hoping for at least $200 back. I believe it will get sent directly to our loan, so I need to keep an eye on that account. I'm not exactly proud of buying a vehicle that we had to buy GAP insurance on, but we are paying this loan down pretty quickly. It would have been more financially devastating to have owed money on a vehicle that we could no longer drive. And I must say...I love my van. Smile

2 Responses to “The Van Loan Balance Drops AGAIN!”

  1. PNW Mom Says:

    Congratulations on the pay down! You are doing awesome!

  2. Ladya70 Says:

    U are killing it!

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