No. of Recommendations: 4
and at least one step backward.

First the step backward.

We found an Explorer that we liked. It fell within the budget range that we had set, but was close to the high end of the range. However taxes and registration pushed it over the $15K. We didn't have quite that much cash on hand.

My plan was to put it on an empty credit card and pay it off before the card cycled, avoiding interest. However, when I pulled out my cards, the dealer balked. They said that they would be charged back 2%, so would not let us use the cards.

We talked to them about financing the car. I think I threw the finance guy for a loop. He started talking about 3, 4, and 5 year financing. I asked about 6 or 12 month financing. He just shifted in his seat, gave us a weird look as if he were trying to figure out if I had really said what I had, and then he went back to talking about normal financing terms.

So we ended up financing the car. We were very up front about paying it off quickly and they told us that we could not pay it off within the first 90 days because that would trigger some consequences that I didn't really understand, but I figured it wasn't a big deal to wait until November to pay it off.

The good news is that the Capital One Card is now HISTORY!!!!!!!! Wooo hoooo!!!! We also have several thousand dollars that we can put towards IRAs or towards B of A. I haven't decided which, yet.

In other good news, I called USAA and had the interest rate on my Visa card reduced from 12.15% to 10%. Of course there isn't anything on the card so it really is a moot point. The one funny thing about the event was that DW was surprised that it was so simple. She was sitting near me when I made the call and afterwards she said, "You mean you just asked for a lower rate and they gave it to you?" Yes, indeed, it was that simple.
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