It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: butcherguy
a reply to: Edumakated
Some person at work bought a car and had it financed for 72 months.
When I heard about it, I said.... "WTF? Six freaking years... paying off a car?"
originally posted by: ketsuko
a reply to: Edumakated
Never seen a car loan go beyond 60 months or five years.
originally posted by: Edumakated
Most people are payment driven. They don't look at the long term costs like total interest paid, etc. Most car loans now are like 7 years because by extending the term, the payment is lower and it allows people to "afford" nicer cars.