The other day was sort of a milestone for me. My 2004 Honda was the first car I ever bought new. In retrospect, I would not buy a new car again, just for the depreciation hit alone, but it’s been a great car.
2 days ago I made my final payment. What started out as a 5 year loan became a 35 month loan, and I have a paid-for car. Whoo.
Of course, this happens in the month that I renew my insurance and registration as well. Good times.
I should also mention, that this was my last bit of debt. I am now completely debt free. Of course, I am renting, so this was a little easier for me than for people with a house. But it feels good regardless.