Quote:
Originally Posted by synolimit
You're joking right? He paid $31,000. That's $34,910 total and only had to pay $485 a month. At 60 months he'd have to shell out $570 a month and only pay out $34,246. I'm sorry but saving only $654 over the term is not worth a $85 payment increase. And Jesus 48 is even worse!! Its $699 a month and $33,591 total. I'll eat $1319 to avoid $699 like the plague.
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Some people would rather pay less for the car, not have the smaller payment. There's a reason there's a rule of thumb that says if you can't pay the car off in three years you can't afford the car.