How do you make your payments? - Toyota Yaris Forums

nerp · 04-30-2009, 11:12 PM

Do you write a check for the exact amount?
Do you pay online?
By phone?

Me? I pay online and throw $20 here, $50 there, $100 there, $40 there, etc. I am overpaying the monthly payment amount in the hopes of paying off my Yaris 2 or 3 years early. I find that throwing a little cash towards it every few days ends up being easier than making the lump payment every month and I end up paying much more.

TickleTimeTim · 04-30-2009, 11:32 PM

i was told that if you pay more than your monthly payment, you need to send two checks in. one that says car payment, and the other labeled principal.

nerp · 04-30-2009, 11:38 PM

Quote:

Originally Posted by TickleTimeTim

i was told that if you pay more than your monthly payment, you need to send two checks in. one that says car payment, and the other labeled principal.

I've heard this too. Thankfully, I have 0 percent interest.

I've also heard that you can write on the one check "apply extra towards princpal" or something. Not sure if this is true.

Jeemee · 04-30-2009, 11:57 PM

I pay online and always overpay.

Lafiro · 05-01-2009, 12:06 AM

One big lump of cash. eh no sarcasm.

RHDVIPbB · 05-01-2009, 12:21 AM

Online. I go over every now and then if I have the money.

MadMax · 05-01-2009, 12:24 AM

automatically deducted from our checking account. The wife's minivan is the same way. I paid cash for the Jeep (which cost more than the Yaris but $3000!).

Cheers! M2

PETERPOOP · 05-01-2009, 12:27 AM

I pay by.....oh wait, paid cash for the car. ;)

DefStarYaris · 05-01-2009, 01:01 AM

I pay online. Once in a great while I pay about double just to try and get it over with a little faster.

Gideon · 05-01-2009, 01:24 AM

A pay one and half my standard payment every month auto deducted from my checking. I'm so scatterbrained that I wouldn't remember to pay otherwise.

tristan · 05-01-2009, 01:29 AM

pay online, always overpay and try to stay a month ahead

eii · 05-01-2009, 02:47 AM

1 of my limbs every 12 months...well at least it feels like that. I can do it at my credit union (2.99% interest son! yeeeee!!), online transfer, or phone. Which ever I feel like it. I pay my fixed payment for the duration of my loan, no more no less. I dont think I have an option to pay less actually...i'ze poor :'(

SailDesign · 05-01-2009, 08:10 AM

Quote:

Originally Posted by RHDVIPbB

Online. I go over every now and then if I have the money.

+1.

nerp · 05-01-2009, 09:04 AM

Quote:

Originally Posted by Gideon

A pay one and half my standard payment every month auto deducted from my checking. I'm so scatterbrained that I wouldn't remember to pay otherwise.

FYI, you can configure the online payment system to send you an e-mail reminder when a new statement is ready as well as when payment is due within 9 days. I log in almost daily, but it's a nice backup in case you meet a hot young lady and get absorbed into a torrid affair and forget about the mundane aspects of life. :)

Kal-El · 05-01-2009, 01:11 PM

Quote:

Originally Posted by nerp

I've heard this too. Thankfully, I have 0 percent interest.

IMO, there's no point in paying off early if you have 0% interest. Especially if it means sacrificing in other areas to do so. But if money is no object, go for it.

The main point of paying a loan off early is to save on interest but you are not paying any interest.

Unless you just don't want to be upside down.

enobmort42 · 05-01-2009, 01:15 PM

i have it deducted automatically each month. it's gotten to the point where what was once thought of as the worst time of the month for any man, now takes second place to the day all the bills are taken out... =\

SaerinRhoe · 05-01-2009, 02:22 PM

I paid double on the first payment and I pay $50 extra each month with checks mailed to the bank and I pay $5 for a return receipt so I know they get the payment. Hopefully when it's all said and done I'll pay the car off a year early.

Hopefully...

S.R.

GeneralDon7 · 05-01-2009, 02:33 PM

I pay online, I try to every now and then pay more, but not always an option for me.

04-30-2009, 11:12 PM	#1
nerp Drives: 2009 3dr LB Meteorite Metallic Join Date: Apr 2009 Location: Rockville, RI Posts: 69	How do you make your payments? Do you write a check for the exact amount? Do you pay online? By phone? Me? I pay online and throw $20 here, $50 there, $100 there, $40 there, etc. I am overpaying the monthly payment amount in the hopes of paying off my Yaris 2 or 3 years early. I find that throwing a little cash towards it every few days ends up being easier than making the lump payment every month and I end up paying much more.

04-30-2009, 11:32 PM	#2
TickleTimeTim Free Mustache Rides View User's Garage Drives: 2007 Yaris HB Join Date: Jan 2009 Location: Arkansas Posts: 1,247	i was told that if you pay more than your monthly payment, you need to send two checks in. one that says car payment, and the other labeled principal. __________________ Club SHIFT

04-30-2009, 11:57 PM	#4
Jeemee XBL: Jeemee Ghost View User's Garage Drives: 2008 Yaris LB Join Date: Apr 2009 Location: Central Arkansas Posts: 199	I pay online and always overpay. __________________ _________________________________________________ Nitto Axle-Back--Tanabe DF210s--UR 23mm Rear Sway Bar--Penguin Garage 10mm Hub Spacers

05-01-2009, 12:21 AM	#6
RHDVIPbB Right beside you, wave Drives: 08 PBM Yaris Sedan Join Date: Oct 2008 Location: Louisville, KY Posts: 742	Online. I go over every now and then if I have the money. __________________ 2008 Toyota Yaris Sedan. Pacific Blue Mica. Custom vinyl eyebrows, color matched interior trim pieces, Vios lip spoiler, 17" Maas rims 2010 Scion xB 7.0 Release Series. 1535 of 2000. Murasaki. Stock with TRD springs.

05-01-2009, 01:01 AM	#9
DefStarYaris View User's Garage Drives: '08 Liftback and Mountain Bike Join Date: Oct 2008 Location: Waltham, MA Posts: 134	I pay online. Once in a great while I pay about double just to try and get it over with a little faster. __________________

05-01-2009, 12:06 AM	#5
Lafiro Drives: 06 Yaris Sedan Join Date: Jun 2006 Location: NYC Posts: 694	One big lump of cash. eh no sarcasm.

05-01-2009, 12:24 AM	#7
MadMax Drives: 2008 Yaris Liftback (Sprocket) Join Date: Oct 2008 Location: San Antonio, Texas! Posts: 2,799	automatically deducted from our checking account. The wife's minivan is the same way. I paid cash for the Jeep (which cost more than the Yaris but $3000!). Cheers! M2

05-01-2009, 12:27 AM	#8
PETERPOOP View User's Garage Drives: 08 white liftback Join Date: Oct 2008 Location: Oahu Posts: 3,674	I pay by.....oh wait, paid cash for the car. ;)

05-01-2009, 01:24 AM	#10
Gideon ★weeaboo★ View User's Garage Drives: 2008 Bayou LB Join Date: Oct 2008 Location: Sunnyvale, CA Posts: 661	A pay one and half my standard payment every month auto deducted from my checking. I'm so scatterbrained that I wouldn't remember to pay otherwise.

05-01-2009, 01:29 AM	#11
tristan it's been a while View User's Garage Drives: 2009 liftback Join Date: Oct 2008 Location: Orlando, FL Posts: 110	pay online, always overpay and try to stay a month ahead

05-01-2009, 02:47 AM	#12
eii Rides canyon walls Drives: 1988 RX7 FC 10th AE Join Date: Jun 2007 Location: Long Beach, CA Posts: 503	1 of my limbs every 12 months...well at least it feels like that. I can do it at my credit union (2.99% interest son! yeeeee!!), online transfer, or phone. Which ever I feel like it. I pay my fixed payment for the duration of my loan, no more no less. I dont think I have an option to pay less actually...i'ze poor :'( __________________ OEM Style Wing Spoiler \| TRD Axle-Back Exhaust \| Megan Lowering Springs (1.5 f/r) \| Simota Carbon Charger Intake \| Python 871XP Alarm System \| Aluminum Sports Pedal \| 17x7 +42mm Enkei J10 Black w/ Silver Lip \| 205/40 Falken Ziex-912 \| NST Lite Crank Pulley Red \| 1ZZ-FE Throttle Body \| AMK Racing Header

05-01-2009, 01:15 PM	#16
enobmort42 First time DIYer Drives: '07 LB Polar White Join Date: Dec 2008 Location: Denver, CO Posts: 434	i have it deducted automatically each month. it's gotten to the point where what was once thought of as the worst time of the month for any man, now takes second place to the day all the bills are taken out... =\ __________________ LED tails - debadged - 17" wheels - LED door handles - Painted Headlights - 30/35% tint - Blue LED Interior - DIY Cruise Control - Python 460HP Alarm - DIY Power Locks - K&N CAI - Lowering Springs

05-01-2009, 02:22 PM	#17
SaerinRhoe '09 Yaris View User's Garage Drives: '09 Yaris Join Date: Mar 2009 Location: Dallas, Texas Posts: 346	I paid double on the first payment and I pay $50 extra each month with checks mailed to the bank and I pay $5 for a return receipt so I know they get the payment. Hopefully when it's all said and done I'll pay the car off a year early. Hopefully... S.R. __________________ 2009 Yaris 3-Door Liftback MT Black Sand Pearl

05-01-2009, 02:33 PM	#18
GeneralDon7 View User's Garage Drives: Yaris Sedan Join Date: Oct 2008 Location: Frederick, MD Posts: 221	I pay online, I try to every now and then pay more, but not always an option for me.

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