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      01-26-2013, 10:59 PM   #12
Brigadier General
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Drives: F80 M3
Join Date: Jan 2008
Location: SoFla

iTrader: (3)

Originally Posted by LarThaL View Post
I have personally never financed a car for more than 3 years....ever. If I couldn't afford the payments on a 3 year loan, then the car was too expensive. I just never saw the sense in paying that much interest, period. If you need to finance a car for more than 3 years to afford the monthly payments, then you are really pushing the limits of prudent spending IMO.
Interest rates nowadays can be had in the 1.49% range. Hardly impactful on overall spending. IMO its more foolish to pay cash when financing can be had at such low rates.