Thanks Maw, :)

This is our road-trip vehicle. We had toyed with the idea of getting me a new vehicle. My husband says I should be in a new one every few years. :) But, we don't think we will find anything as comfortable as this truck is. He has a DVT in his left leg, so seat comfort is a must. Especially where the seat touches the back of his knee.

So we decided to keep this one and wait a year or two to replace it. Besides the way the economy is it is a good idea to wait.

Thank you everyone for the replies.

Sharon,
We can make an extra payment if we choose. But the way I see it, the longer we pay on it the better our credit.
I should have said $144,00 @ 5% interest on a 30 yr fixed mortgage. (makes more sense)...haha
In the 5 years of paying of the truck our credit rating is up past where we thought it would be.

The "payment" we were making is going into saving, the regular budget and our mad money stash. :)

Congratulations!!!! It's a good feeling to get some debt out of the way.

That's an expensive way to get/keep good credit. By the calculations I've done using mortgage calculators you can save 8 years off a 30 yr mortgage and lots of interest. I figured we could save $38,000 in interest by doing that on our mortgage.
I would think you could do it by smart use of credit cards too. As it was, we were able to pay off our mortgage(not a very large one) in full ahead of time and save the interest that way.

Congrats on paying off the truck. It's a good feeling isn't it? We did that and now that money goes into a future car fund so we'll have the money when we're ready for another car.

Isn't that a nice feeling!! In a few months you will wonder how you could afford to make a vehicle payment because the money will continue to disappear!!

We don't use credit cards at all. I have never had one in all my life. Besides the mortgage all we have is bills, like electric, phone, cell phone, cable internet, satellite tv and radio (for the trucks) and auto insurance. We have monthly prescriptions to buy as well as a doctor co pay every month. That is the extent of our bills.

That's great so happy for you. We just started on a new car payment and will be very happy when it's done and the house to. Sue

We paid off our house about 10 years ago. Then we paid off the cars. Then DH retired due to plant closing with 31 years of service. My husbands pension was illegally taken over by our government and cut down by thousands yearly. That made use credit cards for emergency purchases. I have learn to say no to myself. It is hard not to buy something I want. But being out of debt is better than losing 100 pounds.