All this talk about getting new cars and bikes... just wondering how many of you guys are at zero payments,

i will be in about 2 more months.

Where is the poll?

Yes, I have a payment on my Xterra. I've got about 17 months left then my only debt will be my house.

Cash only, baby!

you guys are quick! lol

One car payment, no bike payment.....Paying stuff in cash all the time, can screw you in the long run....because when it comes time to purchase a house or something you will have NO credit....unless you are rich enough to dish over 250 grand for a house in cash. It's always good to just have credit cards and stuff that you use, but then pay off at the end of the month so you do establish some credit.

car and bike payment. I can (and probably should) just pay off the bike, but the extra savings is for if/when the job disappears.

Car was just paid off after last month after a five year term. Bike I paid off in 6 months. I am planning on keeping the Accord until the wheels fall off.

haven't had vehicle payments for about 8 years, just working on paying the house off in 15yrs

Just started 1 car payment as of Monday after 2 yrs of no payments. Both bikes free & clear as well a 2 more vehicles.

I keep my vehicles until the wheels fall off (payments avg. 5 years on/5 years off). Car payment @ 0.9% interest is 'nearly free' money. If I "have" to pick up another winter beater in the interim, it'll be with cash.

Bike was paid off a loooong time ago.

car yes bike no

Car no...bike (Triumph) yes (but only owe $3k and the interest is only 1.9%)

Car payment only

Student loans count? If I get a car/bike loan, I get divorced.
Cash is good. Don't need no stinkin' credit, I got k-a-y-s-h.

Just sold my car...a new payment is coming shortly ...paying on the Z still, hopefully i'll have it paid off shortly.

Small car payments...no bike payment.

I have truck and bike to pay, truck I have less than two years but no worries b/c its 0%. If all goes well at work I want to pay off the bike before my wedding in April.

Not to generalize here because I dont know everyone's financial situation, but those that pay cash over zero/low apr financing for cars and bikes....you have no mortgages right?...and you're maxing out your 401/profit sharing/retirment/savings contributions too right? (I wont even mention CC debt.)

I dont want to get into this appreciating vs depreciating asset thing again.

I picked up a car payment last November after not having any payments for about two year. My mortgage, taxes, utilities and discretionary spending are enough to make me queezy sometimes......

I have a mortgage, I max out what I can put in my IRA each month and I also am starting a 401k at work and I put money into savings each paycheck; and I have no CC debt.

Good questions:
I have a mortgage. I overpay it almost every month.
I have no credit cards, therefore no cc debt.
401k max
I should max IRA and kids donations (I need to start doing that)
I buy bikes in winter, sell for summer... so no depreciation on sales so far.
I take 0% loans when available (only when I can't trade the loan against a lower cash outlay) In which case I pay loan of in entirety before the 0% expires (bikes and jetskis that is usually two years).

yeah, but you're also like 65 years old and have had plenty of time to save.

there was not a choice for no car payment but a bike payment so I could not vote.
I got rid of my car payments over a year ago. All I have now is my bike to pay for.

65 and slow. So it goes...

(isn't your avatar that old?)

Hey! Wink's only 55.

Thanks John. I appreciate you looking out for me.

I never pay cash for anything. I get a lower rate on borrowing money than I make on my investments. Thus it doesn't cost me anything to take a loan out, and I have savings. Why use my money, when I can use other peoples?

No car payments, no bike payments...just the mortgage payment. I'll fiance if I get 0% for whatever time period, then I pay it off. Did that with the ST3.

Oops, my mistake. I didn't know he was the same age as you, Jon.