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re: Is it super dumb to finance a vehicle for 72 months?
Posted on 3/3/17 at 1:03 pm to tigersnipen
Posted on 3/3/17 at 1:03 pm to tigersnipen
I financed a brand new Taco at 75 months for 2% and I am about a year and half away from paying it off. At the time I bought it, I did not want to put a ton down on a car and wasn't making nearly as much as I am now. Turned out to be a solid decision for me(at least in my eyes) and it was for a truck I truly wanted and didn't mind paying for. Also, if I had to sell it now for whatever reason I would get about $13k out of it including whats left on the loan. So how is this bad?
1
Posted on 3/6/17 at 5:04 pm to AUtigerNOLA
quote:
I financed a brand new Taco at 75 months for 2% and I am about a year and half away from paying it off. At the time I bought it, I did not want to put a ton down on a car and wasn't making nearly as much as I am now. Turned out to be a solid decision for me(at least in my eyes) and it was for a truck I truly wanted and didn't mind paying for. Also, if I had to sell it now for whatever reason I would get about $13k out of it including whats left on the loan. So how is this bad?
I just did this. Got a 2016 Tacoma at 72 months for 2%. Planning on driving it until the wheels fall off.
Did the same thing when I bought my 2007 4Runner brand new. Just passed 100k miles and it still has 10+ years left in her.
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