Well it’s really a case by case basis scenario

Example #1;
You know you’re gonna use the car for more than 10 years and would like to reduce commitment (more savings or investment)?

Ans: 9 years

Example #2;
You will be using it for long, but you have a lot of free cash that’s remaining after all your savings/spending?

Ans: 5 years or less

Example #3;
You like flipping cars and just would like to enjoy a lot of cars and dont give too much thought on resale value

Ans: 5 years or less (easier to offset loan vs resale)

And the list goes on
Who cares tbh on whether you use cash or loan or ah long to pay for it

In the end as long as it doesn’t burden you and make your life miserable, it has worked for you, and only you

I honestly really hate people who give the one-liner “if you can’t do it in 5 years you can’t afford it”

There’s so much more to that decision than what meets the eye

For some people that has more one their plate compared to others, a 9 year loan brings them some degree financial freedom

I honestly do have friends that come from poor families etc that’s still helping their parents, and at the same time having families of their own, who took a 9 year loan for a persona

It’s a good car. Spacious, well priced, and very practical, but they just have other commitments in life that come first

To lump people like that into a single statement to me is very undermining their hardship and troubles

Thus my statement, there’s no one formula that fits all

However, if you buy it on a 9 year loan to show off then it’s a different story ofc