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 Car Loan: 6 years or 9 years?, Which will you pick?

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Level 60 Wizard
post Aug 9 2019, 11:14 AM

Spiritus Invictus
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545 posts

Joined: Feb 2019


QUOTE(cute_boboi @ Aug 4 2019, 08:22 PM)
Why would you sell in the midst of installment where most of the time you still need to top up to pay the loan ?

My answer will be 5 years. If cannot afford, then buy a cheaper car. Then continue to drive and maintain the car to 8-10 years. Imagine the monthly $ saved from year 6 onwards. Can use for other things in life, instead of another car.
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the monthly money saved between 6yrs and 9 is very very small sum

it probably cant even be enough for you to go travel europe

there's a thread in /k that compared between those 2, with the additional money from high/low DP put into bank for interest and see which one yields better/more return


Level 60 Wizard
post Aug 9 2019, 11:15 AM

Spiritus Invictus
****
Junior Member
545 posts

Joined: Feb 2019


nuvi share your thread about high/low DP for car purchase...



 

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