Hi all,

I'm about to buy a car and take a car loan. Does it make financial sense to take the maximum tenure available (9 years)?

I know common wisdom has it that you should take a short tenure and pay it off as soon as possible.

But I'm thinking - 9 years means I've to pay more interest but:
1. interest rate is at a historic low of 2.8%. May as well take advantage.
2. lower installments every month hence better cashflow (my career situation is a bit unstable in the short term but I should do well financially in long term)
3. lower installments means I have more money for investments that would likely provide returns above 2.8%

What do you guys think?