“If you can’t afford the payments on a 60 month max term, look at other cars”
The longer loan terms have built-in negative equity after just a couple years. One of my neighbors has a nice Bronco, and owes a ton on it. He asked me why I didn’t get the big Bronco, it was only $20K more…
People really need to reassess what they NEED when buying a car, and not what they want. I love watching videos that help people understand the dangers of longer loan terms. A great suggestion I heard was…
“If you can’t afford the payments on a 60 month max term, look at other cars”
The longer loan terms have built-in negative equity after just a couple years. One of my neighbors has a nice Bronco, and owes a ton on it. He asked me why I didn’t get the big Bronco, it was only $20K more…
Sanity in car loans