Aug 13 2020, 08:49 PM
QUOTE(driedfish @ Aug 12 2020, 10:27 PM)
9 years? can you afford it?
QUOTE(diners @ Aug 13 2020, 12:18 PM)
don't know why always people perceive as take longest loan = cannot afford...
i have almost the same mindset as yours, take longest loan so i can free up my money do something else...
i have almost the same mindset as yours, take longest loan so i can free up my money do something else...
QUOTE(DrPitchard @ Aug 13 2020, 12:44 PM)
Yeah, it's a common mindset, especially among those who somewhat fall into that category. Not all, but quite a handful that think like that. From past experience, either themselves or someone they know, thus, the thinking and impression that long car loans means one is not able to afford.
Always good to know that they are financially savvy people out there like yourself. 👍
during times of historically low interest rates like now, best to take longest possible term loan and lock in the low interrest rates.Always good to know that they are financially savvy people out there like yourself. 👍
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