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Old 12-25-2012, 07:18 PM   #320
Scooby Specialist
Member#: 253304
Join Date: Jul 2010
Chapter/Region: AKIC
Location: Eagle River, AK
2001 Impreza 2.5RS


Originally Posted by RShackleford View Post

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.
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kayetealynn is offline   Reply With Quote