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this is how salesmen get you on loans / leases. any monthly payment can be made with the right down payment. so when they just try to get the buyer to focus o

this is how salesmen get you on loans / leases. any monthly payment can be made with the right down payment. so when they just try to get the buyer to focus on "how much are you looking to pay a month". I had to make it clear, I wasn't trying to optimize the monthly payment (on a lease), but the total payments. Thankfully, GM (or really GMF) has a concept of a "one pay lease" where you literally pay once, all fees and everything and you have no other fees (till return disposition fees or what not). Makes it simple to compare between dealers without any surprise fees being sprung on you.

throw0101a 5y ago
> any monthly payment can be made with the right down payment. Or by stretching out the payment period to 60, 72, 84, … months. > The average loan term for a new car also hit a record high of 70.6 months in March [2020]. The most common term currently is for 72 months, with an 84-month loan not too far behind. In fact, nearly 70% of new car loans in the first quarter of 2020 were longer than 60 months — an increase of about 29 percentage points in a decade. * https://www.edmunds.com/car-loan/how-long-should-my-car-loan-be.html https://www.edmunds.com/car-loan/how-long-should-my-car-loan...