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They are if you are getting 0% APR on the 80 month term like a poster in this thread has!
by icelancer 7y ago
They are if you are getting 0% APR on the 80 month term like a poster in this thread has!
- macintux 7y agoUnless you pick the right vehicle, you'll be underwater for some significant chunk of that time period, which is fine if you keep it forever, but problematic if you can't.
- wrkronmiller 7y agoAssuming you were going to buy that particular car anyway, I don't think that matters. I suspect what the parent comments are hinting at is you can then pocket the money you would have spent on a car anyway and put it in the bank or stocks and earn interest on that money.
- covidacct 7y agoI'm buying a new car now. Parked ([price of car] - [1st years payments]) in a 1 year CD. The great thing about predatory lending schemes in car financing is that you get ot be the predator if you have the cash on hand.
- perl4ever 7y agoI've never seen a car loan you can't pay off early. As many people have said before me, if you get the maximum term you have flexibility if you lose your job or something.
- proverbialbunny 7y agoSomething that commonly occurs when it comes to deals like that is the price of the item is marked up, so it ends up costing more in the end.