Originally Posted by LarThaL
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.