Our first truck payment was made yesterday. We paid $311.29 to principal. The interest was $17.84, which is a partial month worth of interest. We bought the vehicle at the end of April.
Our new loan balance is $14,465.39.
I could complain that we are paying off debt again, but I won't. I'm completely aware that this was a choice and a purchase we feel very pleased and confident about.
I'm editing to add: I actually think we could call this the second truck payment. Wasn't the first the $12,000 we put down? Yes. I think so!!
First Truck Payment
May 18th, 2011 at 12:51 pm
May 18th, 2011 at 04:18 pm 1305735539
There are no rules - just guidelines - at the end of the day, you and your husband know what is best ! :-)