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Thankfully, both are paid off.
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One is, but our minivan isn't. We bought it used last year and have about 2 more years of payments left on it.
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we only have one car and yes, it's paid off as of beginning of this year! woot woot!
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Thankfully ours are.
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I had to put other. The one we bought is not paid off, though it should be within a year or so. But the other is a lease. My MiL works for Nissan so we get such insanely good discounts that leasing isn't nearly the waste it would be (since we get free maintenance, etc with it).
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We has 3 vehicles (1 summer muscle car - that hasn't been insured/driven in 2 years) that are all paid for. I can't imagine having a car payment...
We are thinking of leasing when we upgrade one in a year or 2. I'm leaning towards a mini van and don't want to be stuck with it if I don't like it. But the thought of the extra $ makes me wary.
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No. One of them will be paid off by the end of this year though! Wooo. Although, we just bought a new car and it gives me anxiety to think how much we owe on it.
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One car is paid off and one car is leased.
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@Freckles: us too! Just one car that I bought outright a few years ago.
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Both of our cars are paid off and we can get another 5-7 good years out of them. We have a car replacement pot of money that we contribute to each month (that is about the same about as a typical car loan payment) so when we need a new car, we can buy them with cash.
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One is. The other is a lease, by design.
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