02-20-2012, 10:03 AM
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#15 (permalink)
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A True Z Fanatic
Join Date: Oct 2010
Location: Portage, MI
Posts: 2,304
Drives: Tricycle
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Quote:
Originally Posted by UNKNOWN_370
No... god... what I'm saying is... over 6 years you pay slightly lower finance, BUT if you pay over 6 years it will be a almost couple grand more than the 3 year. If you pay a 6 year in 3 years or less. Its cheaper than taking a 3 year loan for 3 years. Make sense?
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People totally missed the point you double up on payments. My guess is that you can make a low payment if you don't have the extra cash. On the months you are flush with cash you put a few extra thousand against the loan.
Personally I think you should hold on to your car. Drive the car while it's paid for and save the extra cash that you would be using on the payment and then trade up later.
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