I realize all too well how foolish a 72-month car loan is...

...but I don't have to worry about that anymore. In the next 8 hours, my last payment will be getting dropped in the mail (fuck off Dunnas) and I will be FREE FREE FREE FREE!

I didn't know they had car loans in the 1800's.

72 month loans are only costly/bad if you are tagged with a high interest rate. Many companies now offer 0% loans up to 60 months and 72 or 84 months loans with interest rates between 1.9 and 5%. My first new car loan back in the mid 80's had an interest rate of 11.8% which was avg. for that time frame. That all said if you really like your car and mean to keep it after it's paid off you will be extra happy to not see a monthly payment come out anymore.

I would never take a car loan more than 60 months. When I was talking to salesmen about buying an Evo and what I was wanting to pay a month, they kept saying to extend the loan to 72 months to get those payments thus getting the payments I wanted but for another year. Apparently, they thought I was an idiot.

Wasn't GM offering a 10 year loan for a while there?

I still have a year and a half on the Evo. Feels like I should be done by now.

0% interest, though.

I got a 5 Year loan on the Civic. But I can pay it off more quickly without penalty, so hopefully I can knock a year or two off of it.

I'm about 40% paid off on the S. Too bad that means I have no money. Oh well, hopefully I'll have the rest paid off in about a year.

Congrats Jay, you now OWN a.......



Dodge Stratus.

Talon wrote:I would never take a car loan more than 60 months. When I was talking to salesmen about buying an Evo and what I was wanting to pay a month, they kept saying to extend the loan to 72 months to get those payments thus getting the payments I wanted but for another year. Apparently, they thought I was an idiot.

Yeah, I won't take another loan for more than 60 months if it can be helped. I know a lot more about financing and how the dealers operate than I did when I first bought the car. But I don't want to be stuck on a loan for 6 years again.

Benfolio wrote:Congrats Jay, you now OWN a.......



Dodge Stratus.

My car is awesome, thank you

dunnas wrote:I didn't know they had car loans in the 1800's.

I'm not sure what it would take for me to consider a car loan. As much as I'd love to own an exotic, there are so many used cars that would do and I just can't justify the difference in lifestyle. 0% interest may be enough one day, though...

Credit ratings don't determine mortgage repayments over here like in the US either, so that is not a factor.

JaysonAych wrote:

Benfolio wrote:Congrats Jay, you now OWN a.......



Dodge Stratus.

My car is awesome, thank you

I drive...I drive...I drive a Dodge Stratus!

Turbojett wrote:

JaysonAych wrote:

Benfolio wrote:Congrats Jay, you now OWN a.......



Dodge Stratus.

My car is awesome, thank you

I drive...I drive...I drive a Dodge Stratus!

PEOPLE ARE SCARED OF ME!

And I just got the official release of lien.

word.

the only reason i keep my car is because it's paid for.

It needs a new steering rack, but I plan on getting that fixed in a few months. It runs too well to trade away and the current peace of mind is worth far more than what I could get in a trade anyway. Whatever early-mid-life-crisis car I get later will be a supplement to the Dodge until it can no longer be kept going reasonably.

How many miles on that bitch?

Aristotle wrote:word.

the only reason i keep my car is because it's paid for.

And 'cause no one wants to buy a car that has a deck post embedded in the engine block

LLLLLLLLLLLLLLLLLLLOL @ ARIS'S SHITTY LIFE

Talon wrote:How many miles on that bitch?

93,000.