Quote:
Originally Posted by Alan A
Last two cars - daily drivers - I bought new were 60 month loans. I usually lease, but when they’ll roll in the taxes into the total and give you 0.0% APR on 108% of the sales price there really isn’t much incentive to pay cash for anything.
If they’d offered 72 months I’d have taken that. Still only kept one of the cars 2 years and the other for 3, but wasn’t paying much for them.
It’s not the duration, it’s the APR that kills you.
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You don’t have a fico score in the 500s, like an NCAC. For them it’s about the monthly nut. They don’t even understand interest rates. They get sold a monthly payment.