:drama:

Unknown, I still don't get where your numbers are coming from...any chance you can spell it out? Maybe in excel?

Where one goes, the other follows. Why not the two of you get married.:wtf:

It sounds like you two (mustand and unknown) need to put on sumo suits and wrestle it out.

And what is this "Char-Burger" I hear of?

:icon17:

I'd still buy anyone on this forum a beer if they ever wanted to meet up.

And charburgers... gotta talk to Ken about that. :roflpuke2:

Naaah.... ufc cage match to the death... I play for keeps. Lol.

It is good that you have your payments planned out. I have seen many cases where people don't stick to it and get the short end of the stick. So good luck to you sir.

Or you could just answer my (completely legitimate) question, rather than risking a ban with insults.

Based on the number when I got my Subaru, there's usually at least a percentage point difference between a 3 yr and a 6 yr loan. Let's go with 2% and 3% to keep the math easy.

A $30,000 loan at 2% for 3 years will results in monthly payments of $859.28, and total interest paid of $933.99.

The same amount, at 3% over six years results in payments of $455.81, and total interest of $2818.34. Double up on payments, and you have monthly payments of 911.62, and total interest paid of $1345.61.

In sum, unless you pay more than $411.62 extra in finance charges (find a new bank), this six year loan scheme doesn't seem to work.


To add insult to injury, there's usually more than 1PP gain going from 3 to 6 years...furthering the spread.

How is it an insult??? I'm just saying the both of you end up in the same thread backing each other up.. you can follow all my posts where mustang argues with me and you are right there inciting and backing up his statements... . that's a fact not an insult and this thread is now dead... you're late to the party. Good day.

As long as the spread is close enough (and it's possible depending on who you are financed through and what your credit is like) you can save a bit on interest. It's not much... I figure around $200 or so comparing a 36 month $20k loan vs a 60 month paid in full at the same rate, but perhaps the most important thing is that it gives you the flexibility to pay later if you need to.

My guess is Unknown has good credit. If you have good credit the rate curve can be much flatter than someone with not so great credit.

Anyways, I really do apologize for jumping on you, Unknown. I missed the double-payment part and just assumed that you were using the full terms on both loan comparisons. I was wrong. I mean it when I say I'm sorry.

I'm not backing anyone up, I'm asking a question...it appears you aren't able to answer it though.

I guess that explains why me and Red are not in agreement right now. :icon17:

I think the conclusion you reached about keeping your car is probably the best choice ( i think that's what you decided based on reading through the thread. Buying a new version of the same car before is never a good idea unless there is a major change. It'd be like if you had a 2003 350z, then sold it for a 2006 350z, you'd be kicking yourself when the 370z came out.
The japanese built faster cars than america that were lighter because, back when they actually did that, there weren't as many safety regulations, resulting in sub 3000lb cars. Also, they were able to keep their power levels high enough with smaller displacement by turbocharging.

the newer japanese cars coming out now aren't that light. Nowadays with lighter components, a mid $ rage sports car like the Z doesn't necessarily have a handling or weight advantage over a GT car (coupe with back seats ) like the mustang. i'm just speaking categorically, not about specific models. But yea, nowadays a mid 3000lb car is mid 3000lb car, whether or not it has 2 seats or 4. you can call it a sports car all you want, the typically accepted sports car definition is a car that is a light, RWD, 2 door car with not necssarily a ton of power. However once you start adding weight to be as much as a GT car, then you've got to add power too.

Also agree that keeping your car is the best idea. I went with a 6 year loan so I could have lower payments while I'm still in school. Car will probably be paid off like 2 years into the loan.

Don't get rid of your fangs!!!

getting back on point. i love the 370 I'm at 36,000 miles now....
plan on keeping it until 75,000... don't care what year that is it will be time to
trade. and as much as i love the 370, nissan better add some serious HP
and some other goodies or i'm going over to the dark side and getting a c6 vette. which is the only other car i would consider...............................