- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Car Loan Rate/Duration Options
Posted on 12/27/14 at 10:25 am to Blakely Bimbo
Posted on 12/27/14 at 10:25 am to Blakely Bimbo
There is a big difference between not being able to make the note if it was a 3 year note and choosing to finance so that you can use the money for a higher and better use.
I would agree that being able to afford it on a 3 year note would be a good means test.
I would agree that being able to afford it on a 3 year note would be a good means test.
0
Posted on 12/27/14 at 11:04 am to Lsut81
quote:
Thoughts coach? 60 or 72? Also, does thinking change if its not a new car?
I would personally do 60. I tell my clients to do 72 only to lock in a lower payment...but pay more if they can. Of course...some consumers are payment driven because of monthly income. And yes I understand they should buy a cheaper car but you also have to figure in the 5 year cost to own, depreciation, fuel, insurance, etc....so going cheaper price wise is not always smart.
Every situation is different. If you can swing the 60 months with no problem, take it. Your rate is respectable.
Do not pay for than 60 for a pre-owned.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News