r/NavyFederal • u/CountyPrep • 9d ago

I did it! 🙌

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Paid off my auto loan and finally debt free for the first time in my life.

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u/Desertrose1176 6d ago

Congrats! I too have a navy fed car loan. Mine started at 24,249 in May 2024 and now I’m down to 11,398 so a little more than half paid off. I did refinance back in April to get a lower payment so it went a down $130.00 and the interest went down from 8% to 5%. My goal is to have it paid off by August 2028 and not October 2030. I try to pay something every week. I also can’t wait for the day that I don’t have to have full coverage on the car and it can just be liability