Originally Posted by coldfiremx
I saw that, lol. Might as well get 60 year financing on that home also, since you obviously cant REALLY afford it either. I wonder how much that car will depreciate in 7 years. Use the real value of a bugeye presently for an example.
I'd rather have a less per month "required" payment and pay it off when I can. When I did a loan on my car the interest for 7 yr loan was 2% vs 3.5 for a 4 yr.
I don't really worry about depreciation, I buy cheap enough I can at least break even if I sell it in a few years.