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Car Loan and Another No Spend Day

May 8th, 2012 at 01:53 am

When we got our new-to-us car, we made a conscious decision to put most of the money down, but get a loan for part of it. We don't have any credit cards, (of course that's changing now with the good rewards deals that have been coming our way) and we wanted to demonstrate our ability to pay in case we ever need a loan/want to buy a new house/refinance, etc.

The loan is through Bank of the West, which is not particularly convenient. They don't take online payments and phone payments cost $9.00 PER TRANSACTION. And we don't have a Bank of the West nearby. As luck would have it, the credit union associated with The Husband's company sent an ad today--- transfer your existing car loan or get a new one and get $100. I had already been suggesting we try to get a better rate through them! So that's on the list for tomorrow! Even if we get the same rate, we'll get the extra $100!

It won't matter. We plan to pay off the loan before Christmas. We didn't NEED to borrow the money, just thought it could give our credit scores a boost. I'm not even counting it as debt, really. The funds are available to pay it off.

Didn't spend anything today, but we'll probably need milk and bread tomorrow.

Monday's done! Hurray!

Dinner: Stromboli

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