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

Yes

60 even feels long. can't imagine 72

0% for 72mos all day every day

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

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So? Why would you want to have cash tied up in a depreciating asset, especially if you have a low or no interest rate?

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

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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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So? Why would you want to have cash tied up in a depreciating asset, especially if you have a low or no interest rate?

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I don't disagree with you but most people wouldn't be smart enough to take the extra money and invest it. Most are just going to blow it and be screwed when they need a new vehicle.

Depends on the interest rate. Anything under 2.5% I would finance as long as possible. I make sure I have enough money to pay cash for my car, if the current interest rates are cheap enough I just use that cash to make my payments. I keep a year of cash available and the rest in my taxable account (made over 10% last year).

If you are not financially disciplined enough then no never finance for more than 3-4 years.

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Let's just say 3.25

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try to shop for a better rate. Look at credit unions

I would never do that. You can't afford it if you have to go 72 months.

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I've always done 72 months on every vehicle. I pay based on 36 months but in case something happens I always have the lower note to fall back on. I've you're not responsible enough to pay more each then this won't work for you.

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I was just about to say the same! Pay it as if it is a 36 month loan but if something terrible happens you have the room