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re: Is it super dumb to finance a vehicle for 72 months?

Posted on 3/3/17 at 11:11 am to
Posted by redfishfan
Baton Rouge
Member since Oct 2015
4618 posts
Posted on 3/3/17 at 11:11 am to
A few of my friends went that route and you just get instantly upside down.
Posted by barry
Location, Location, Location
Member since Aug 2006
50459 posts
Posted on 3/3/17 at 11:16 am to
quote:

A few of my friends went that route and you just get instantly upside down.


So? Why would you want to have cash tied up in a depreciating asset, especially if you have a low or no interest rate?
Posted by GaryMyMan
Shreveport
Member since May 2007
13498 posts
Posted on 3/3/17 at 11:21 am to
quote:

A few of my friends went that route and you just get instantly upside down.

Put me in the "who cares" camp. The only way to avoid being "instantly upside down" is to put a big down payment. I can use that cash better in other places. I'll finance TT&L if it's under 2%.
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