I've loosely been thinking about selling the IS 500. As much as I absolutely love it, what I could get for it is effectively what I owe on my home mortgage. There's some redundancy with the LS460 and obviously the IS is worth significantly more on the market.
I'm thinking that I should unload it while I can still get well over MSRP, and drive the snot out of the LS460 as a daily for the next 5-10 years. I'm fortunate to have a few great toys at my disposal, so I feel like this is the right "big boy" decision to make.
Making some calls to figure out what # to sit at.
Pay off your mortgage? No discussion required. Do it.
Soooo happy to have closed our final 4 yr term at 1.4% two years ago! Halfway there, soon done
Penalties remove the fun of going lump sum payment on a mortgage, depending on what your contract offers.
Penalties should be minimal on the remaining principal, no? Annual prepayment privileges?
Yeah so since COVID, we've done all we could. Tripled the bi-weekly payments to minimize interest, putting in the max annual prepayment, we're within ~$100k now of paying it off since buying the home this time in 2017. I know that there are some mindsets that I could invest the money elsewhere and get better returns, but I want to just pay off this home ASAP and not have that outstanding mortgage. Just my personal OCD working here.
I'm going to daily the LS460 for a few years and enjoy it.