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| I expect both the car and the tractor to outlast me. Never know though! ;-)
The main advantage I can see to paying the car off is I could drop the collision/comprehensive insurance and just pay for liability. Have to keep full coverage on the car while it is financed.
Tractor should look good on my depreciation schedule for Uncle Sam. I also bought a new rake and a new snowblower in 2013. Paid cash for the rake and the snowblower. I have to keep the tractor insured, which I think is a good idea anyway. Also my baler is still insured even though it is 10 yrs old. | |
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Paying off 0% loans .... Your thoughts?
