Vehicle Payments - JeepForum.com
Search  
Sign Up   Today's Posts
User: Pass: Remember?
Advertise Here
Jeep Home Jeep Forum Jeep Classifieds Jeep Registry JeepSpace Jeep Reviews Jeep Gallery Jeep Clubs Jeep Groups Jeep Videos Jeep Events Jeep Articles
Go Back JeepForum.com > Models > Jeep Liberty Forums > KK Liberty Forum > Vehicle Payments

Savvy Aluminum Gas Tank SkidFS: Jeep Fog Light LED Bulbs! Several Brightness Options! Stainless Steel Door Hinge Pins

Reply
Unread 01-03-2014, 08:32 AM   #1
LKWJEEPER
Registered User
2009 KK Liberty 
 
Join Date: Nov 2012
Location: Clover, South Carolina
Posts: 998
Vehicle Payments

For those of you who don't own your Liberty outright and are paying monthly payments. How often are you paying more than the minimum amount? I've always had positive equity in my vehicle, before buying the Liberty.

When I traded in my Patriot I had 50% equity on the trade in value when I bought my Liberty. I bought an extended warranty as well when I bought my Liberty just in case there was an unknown problem down the road. Just to give myself a few years worth of peace and mind.

I probably didn't get the best deal on my Liberty, but I wanted something with low mileage since I plan to keep it a long time. So after buying the warranty and the depreciation of the vehicle. I now owe exactly what the trade in value is. I could make a couple thousand back if I sold privately. Which I don't plan to do, but incase something should change where I need a different vehicle.

Also I don't want to get to a point where I have negative equity in the Jeep.

So i've started making extra payments each month on top of the monthly payment. If I were to keep this up every month I'd have it paid off in 3.5 years.

LKWJEEPER is online now   Reply With Quote
Unread 01-03-2014, 08:42 AM   #2
AtTheHelm
Registered User
 
Join Date: Nov 2012
Location: South Lake Tahoe, CA
Posts: 741
I pay extra anytime I can. My reasoning is because its saves me money on interest.
AtTheHelm is online now   Reply With Quote
Unread 01-03-2014, 08:47 AM   #3
LKWJEEPER
Registered User
2009 KK Liberty 
 
Join Date: Nov 2012
Location: Clover, South Carolina
Posts: 998
Quote:
Originally Posted by AtTheHelm View Post
I pay extra anytime I can. My reasoning is because its saves me money on interest.
Yeah thats a good point.
LKWJEEPER is online now   Reply With Quote
Unread 01-03-2014, 09:05 AM   #4
BenHoleton
Registered User
2008 KK Liberty 
 
Join Date: Dec 2011
Location: Pekin, IL
Posts: 474
I also pay more. My payment is $325/mo. I pay a minimum of $400
BenHoleton is online now   Reply With Quote
Unread 01-03-2014, 09:35 AM   #5
LKWJEEPER
Registered User
2009 KK Liberty 
 
Join Date: Nov 2012
Location: Clover, South Carolina
Posts: 998
My payment is 255 which isn't bad at all.
LKWJEEPER is online now   Reply With Quote
Unread 01-03-2014, 12:03 PM   #6
tommudd
Registered User
2004 KJ Liberty 
 
Join Date: Aug 2008
Location: Central OH/ Moshi Tanzania, Ohio/Tanzania
Posts: 4,178
When I bought the KJ in the fall of 04 they set the payments up for 6 years!!!! Paid it off in 24 months, they kept sending me letters that I was paid up 15-18-24 months ahead and no payments needed , of course they wanted that interest $$$$ to keep rolling in
__________________
04 Liberty, Kilimanjaro Edition, Rock Lizard RockRails/Roof Rack/Front-Rear bumper,32 inch Goodyear Duratracs,Moabs,4.10s/ 4.25 inch JBA Coilover lift /other goodies
tommudd is offline   Reply With Quote
Unread 01-03-2014, 12:28 PM   #7
BenHoleton
Registered User
2008 KK Liberty 
 
Join Date: Dec 2011
Location: Pekin, IL
Posts: 474
Yeah mines a 5 year loan I expect to pay of in half the time
BenHoleton is online now   Reply With Quote
Unread 01-03-2014, 02:21 PM   #8
huntb
Registered User
2008 KK Liberty 
 
Join Date: Aug 2011
Location: Grand Haven, MI
Posts: 570
I pay a little over 10% extra per month
huntb is offline   Reply With Quote
Unread 01-03-2014, 04:32 PM   #9
badhare
Registered User
 
Join Date: Aug 2011
Location: new york, new york
Posts: 56
With a 1.9% finance rate, on both my audi and jeep, i'm in no rush to pay either off.
badhare is offline   Reply With Quote
Unread 01-03-2014, 04:49 PM   #10
LKWJEEPER
Registered User
2009 KK Liberty 
 
Join Date: Nov 2012
Location: Clover, South Carolina
Posts: 998
Quote:
Originally Posted by badhare View Post
With a 1.9% finance rate, on both my audi and jeep, i'm in no rush to pay either off.
1.9% that's nice im at 3.39%

Sent from AutoGuide.com Free App
LKWJEEPER is online now   Reply With Quote
Unread 01-03-2014, 05:52 PM   #11
BenHoleton
Registered User
2008 KK Liberty 
 
Join Date: Dec 2011
Location: Pekin, IL
Posts: 474
Quote:
Originally Posted by badhare
With a 1.9% finance rate, on both my audi and jeep, i'm in no rush to pay either off.
Yeah but you're still paying something. The only way I'm not paying as fast as I can is at 0%
BenHoleton is online now   Reply With Quote
Unread 01-03-2014, 06:03 PM   #12
LKWJEEPER
Registered User
2009 KK Liberty 
 
Join Date: Nov 2012
Location: Clover, South Carolina
Posts: 998
Quote:
Originally Posted by BenHoleton View Post
Yeah but you're still paying something. The only way I'm not paying as fast as I can is at 0%
Hyundai was offering 0% for 72 months, during Christmas time. My wife was looking at a veloster.

Sent from AutoGuide.com Free App
LKWJEEPER is online now   Reply With Quote
Unread 01-03-2014, 06:06 PM   #13
Gageraid
Registered User
2008 KK Liberty 
 
Join Date: May 2012
Location: Branchburg, New Jersey
Posts: 1,323
Haven't really been able to afford anything but the minimum.
$243 every 5th of the month.
Might be able to put down a bit more once this semester is over.
__________________
OME lift
Hypertech Max Energy
CAI, Gibson exhaust, 4.7L throttle body
Gageraid is offline   Reply With Quote
Unread 01-03-2014, 06:42 PM   #14
tjkj2002
Registered User
2002 KJ Liberty 
 
Join Date: Dec 2009
Location: Colorado
Posts: 8,038
Quote:
Originally Posted by tommudd View Post
When I bought the KJ in the fall of 04 they set the payments up for 6 years!!!! Paid it off in 24 months, they kept sending me letters that I was paid up 15-18-24 months ahead and no payments needed , of course they wanted that interest $$$$ to keep rolling in
Yeah a month or so after buying my KJ brand new at 6% interest the bank dropped my interest to 0%(deploying to Iraq) and I opted to keep my payments the same,paid it off in 3 years instead of 6.Nice thing was the bank kept my interest at 0% even after returning state side,though just to deploy again in 4 months.
__________________
'02 Liberty sitting on 35" tires,HP44,RockJock60,and AtlasII t-case
tjkj2002 is offline   Reply With Quote
Unread 01-03-2014, 06:55 PM   #15
shawnicles
Registered User
2008 KK Liberty 
 
Join Date: Nov 2012
Location: Calgary, AB
Posts: 302
I bought mine in Aug 2011 and just paid it off last month. I was tired of having the interest even though I write the majority of the interest off as a business expense for my consulting company. I wanted to get this one paid off so I can go ahead and buy a Genesis Coupe.

My payments were $375
shawnicles is offline   Reply With Quote




Jeep, Wrangler, Cherokee, Grand Cherokee, and other models are copyrighted and trademarked to Jeep/Chrysler Corporation. JeepForum.com is not in any way associated with Jeep or the Chrysler Corp.