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To: Lorianne

Average new car loan is longer than 48 months, and there are a lot of six and seven year loans, not to mention leases that ratchet monthly outlays down.


14 posted on 07/21/2017 9:14:35 AM PDT by jjotto ("Ya could look it up!")
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To: jjotto

We just bought a new minivan, and went with a seven year loan. I am paying it off like a three year loan.

Having the flexibility to shift down is nice. When my truck needed repairs, I paid the minimum for a few months.

Still sucks though.


40 posted on 07/21/2017 9:37:33 AM PDT by redgolum
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