Originally Posted by RShackleford
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.
I agree. People shouldn't look at what the monthly payments for X amount of years... What you need to look at is how much interest you're paying over the course of the entire loan.