2 ms·
1% is nice, but I think a 72-month loan on a new car is a recipe for disaster. For almost all of that time period you will be "under water" on the loan, owing
by sandworm101 2y ago
1% is nice, but I think a 72-month loan on a new car is a recipe for disaster. For almost all of that time period you will be "under water" on the loan, owing more than the car is currently worth.
- natch 2y agoTrue, I avoid such long loans. The rate also works for shorter terms.