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Originally Posted by copyboy1
If you do that much driving, why would you ever take out a 60 month loan? Best case, you'll end up making payments on a car that's not worth what you still owe. And worst case, the car will die and you'll still be paying for it.
Realistically, no one knows what the lifespan of the FEH or its batteries really are. So be careful with the 60 month loan. In reality, it's more of a ploy to get people to purchase more expensive cars and pay more interest, regardless of the car's lifespan.
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I will be putting a considerable amount as a down payment upfront. Also, just as with my house payment, I make double payments ocassionaly. One thing I do like, it having the option for a lower payment. As long as the loan allows me to pay toward principal and is a simple interest, I am comfortable with that.
Chad