Quote:
Originally Posted by Gerbs
With low interest rates, it definitely makes sense to maximize the length of your car loan and invest the cash elsewhere for a better return.
That way you can get a better ROI on a new car by investing the cheaply financed money instead of paying all at once.
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I think the problem is most people buying a car on long ass terms are doing it to buy a vehicle they otherwise can't afford.
"Hey I can buy this Civic on a 48 month term, or this sick ass Audi on an 84 month term for almost the same price per month!"
And the money they "invest" by not paying cash is invested in a new set of wheels and an exhaust.