For how long do you typically finance a car? 36mo, 60mo?

like
Posting as :
works at
You are currently posting as works at

I wouldn't settle for anything less than 96 months and 15% interest

likefunny

I aim for whatever the length of the bumper to bumper warranty is. Don’t wanna have to worry about repairs and a car payment. That being said I did just finance my last car for 72 months because they offered 0% for 72 months

like

Always bought with cash

like

60 months

I just bought my first car on my own a month ago - based on a dozen+ articles I read before going in, 60 is the max recommended term, but the less you can do the better.

I went 60 with a decent down payment/trade in to keep the monthly minimum payment low if I ever have money troubles, but plan on throwing an extra chunk of cash at it per month to pay off early. Get preapproved through an outside lender too, if possible.

60mo max. Anything more than that and you might as well just lease and get another car in 3 years rather than over pay for all that interest on your >60mo loan

I did 72 on my new Defender, but then paid it off in 3 months lol

My current truck I financed for 72 months at 2.29%. Borrowing money is cheap rn.

I’d say it depends on the cost of money, the car & my plans for it as well as terms.

Example: I financed my last car for 60mo at 1.99% (used car) because money is cheap. I had no intentions to keep the loan that long but no reason not to, since there was no lower interest for shorter periods offered.

I paid it off when I sold the car two days ago (2 years into the loan).

Related Posts

Is HSA worth it?

like

If one were to transfer BTC to Coinbase from a non-US wallet/vault (e.g., Xapo), and continue to HODL, what would IRS consider the cost basis when we eventually sell BTC? Specifically, other than the cost at the time of transfer, how would we prove what the cost basis was?

like

Anyone on the NOVA-side have a go to accountant or tax adviser? I'm in Arlington, looking for advice and tax advantages for the 2 homes I own. Those whom I've contacted directly have said that I'm not their target client...

like

Small business owners, what's your retirement plan? Please share whether you have another job or just your business too

like

I think a recession is looming and I’m going to keep my money in cash right now. Will be holding off on my bi weekly investment into VTSAX. Think things will dip hard then I’ll dump my money back into the market.

like

Homeowners in Boston Proper (or greater Boston area): how did you approach the purchase from a financing perspective? Have decently high HHI, but it will still take a long time to save up a full 20% down payment.

like

Hi,

My PF memberId starts with PYKRP, is it same for everyone?

like

When EY reimburses for the 1,000 dollar wellness fund, do they include the taxes in the reimbursement amount? Otherwise it’s not really a 75% reimbursement but more like half

like

LCSW 50k loan repayment- Has anyone been granted a contract through the National Health Service Corps Loan Repayment Program? I’m interested in applying for the 2 years of full time work as an LCSW but my loans are a bit under 50k so I’m wondering if they would only give me what I need to clear my loans or would I still get 50k as long as I complete my contract ?

Traditional or roth 401k, and why? Currently making 115k base, 24 years old in NYC

like

Junior associate. Feel sick to my stomach every time I read about layoffs, in law or otherwise. I just want to keep this job for another 2 years until I pay off my debt.

like

Is passive income a must have for a FIRE strategy. With the current real estate market, It’s seems like poor timing for Real Estate investment or rentals. What are other ways to bring in mailbox money?

like

If you are good at investing, what did you study/read/find out to be good at it?

like

Hey guys,

Working at TCS. Recently moving to Bangalore.
I need proper (clean) accommodation for now PG (women) or 1RK will be appropriate. I do not want to give any brokerage charge.
I would also like to know what kind of rent I can expect for a decent PG.
CAN ANYONE HELP?

like

Fishes,

I am a new joiner at EY. Got mail from Insurance team to update the dependents. Also I have added the Top Up plan of 15Lakhs for which the premium was around 25k.

How is the premium deducted from salary. Is it one time or is it done quarterly.

Appreciate the help on this.

like

What do you use for investing? Any apps, particular banks? Germany here

Grew my net worth from 0 to 230k in just over three years. AMA.

Post Photo
likeuplifting

Pune folks - Can anyone help to get 2bhk in Viman nagar, Kalyani Nagar, Dhanori without brokerage please?

How old were you when you made $125k? Am I behind at 32 or do Accounts take longer to climb the financial ladder compared to other departments?

like

Can someone explain the Ben Imp Inc under taxable benefits for this week’s paycheck?

like

More Posts

Looking at moving to SF soon. Any recommendations on what neighborhoods to look at? Office would be close to Salesforce tower, so something with easy commute to there would be great. Single late twenties male if that matters. I am interested in areas that are generally not dead and where I can meet people. Thank you.

like

Anyone hiring or can recommend any companies in the healthcare analytics consulting space in the SF Bay Area?

Experienced hire with an advanced degree looking to enter consulting.

Visa sponsorship is a likely barrier for me, but I am planning to target companies that are immigration friendly.

like

From industry to big 4?
Would you take a pay cut and go to pwc as a 1st year senior in risk assurance?
I make 95-98K and work great hours at a great company. Would be getting a pay cut if I join pwc

Guys I got my grail!!!

Any insurance suggestions? 😅

Post Photo
likeuplifting

What do consulting hours look like in Canada compared to other regions of the world (top tier strategy firms)? I am considering a move and would appreciate some honest feedback.

like

Hi TWKs,

My CTC in TW is 34.5 LPA with 9 years of experience in UX design. Please suggest if my CTC is matching with my experience.

like

Just checking in and making sure everyone is doing ok.

like

I just got my laptop and welcome kit. But in that I did not receive any headphones.

Does Oracle not provide any headphones or we have to buy it ourself.

like

Hello machlion

My bgv is going in halt state for one reason or another.
Today i got mail to upload salary slips april to june.. I have already uploaded slips of april,may. Still i got this mail. Is it normal in bgv process of oracle.

like

Looking for flatmate in a fully furnished 3BHK (with TV, fridge, AC, RO, Microwave, bed, cupboard, sofa etc) in a prime location of Kalyani Nagar.
Rent: 50K
Society Name: Fortaleza (one of the biggest societies of Kalyani Nagar with all modern amenities)
Time to reach office: 20-25 mins
Possession: 1st August (negotiating for July)

Brokerage applicable. Only for Pune folks.
Looking to close the deal ASAP. DM for details.

like

Does anyone have insights on how hard it is to get down to scratch as an adult (I wish to play competitive/amateur golf eventually)? Everyone that I know who is scratch or better started as a kid. For reference, my progression has been:

June - Nov 2020: Beginner to ~30 handicap
April - Nov 2021: 25 to 17 handicap
April - July 2022: 17 to 12 handicap

like

Saturdays are for barking at squirrels 🐿 🐶😂

Post Photo
likefunny

I’m curious how other in-house attorneys are networking. I am a member of my state’s ACC chapter and that’s ok. What else are others doing?

like

I'm an LL.M graduate who took the July Wa bar exam and looking to practice in WA. I'm black and an immigrant.. not enough connections in the U.S. I don't need immigration sponsorship to work.

Do you see law clerk positions at law firms advertised? How do folks land those positions?

What are your overall recommendations to getting a job - especially while waiting for bar exam results. Thank you!

like

Today is the first day of the new work week! What are your goals for this week?

like

What is your stylish go to shoe for work?

like

Anyone feel they are not technical when others expect them to be. How do you strengthen skills?

Additional Posts in Automotive

What about that bronco!?

like

All right, market sizing case experts, what's the market size for El Camino-ized Camries like this one I saw this morning? 🤔

Post Photo
likefunny

Surprise TR on a rainy NOLA morning

Post Photo
like

For $75k, a used mid-spec Cayenne S with 28K mi or a new Defender SE P400 well-optioned?

like

Posting here as I didn't realize the other car bowl was dead. I greatly appreciate any help!

Post Photo
like

Question: Are you technically supposed to put any profit you made from the sale of a vehicle on your taxes?

like

Anyone here with an SLC300 or an SLK? Looking for fun after market things to do to my car. Ideas on audio dash a plus.

like

Audi A6 or BMW 5 Series?

like

Thoughts on the Genesis G70 or G80? 2022 models look great, but also considering a lease of 2021 / purchase 2-4 year old used model

like

Ten years after I sold one, another finds it’s way back home, after nine hours of driving.

Post Photo
like

Ford throwing down some serious shade

Post Photo
likefunny

Bought my 911 last year for ~$120k. Only put 4,000 miles on it and seeing online values in the ~$130k range. Am I crazy for considering selling it? She's in perfect condition (even though she's my daily)

like

Does the optics of owning a mustang gt make anyone question the purchase? Amazing value car imo, but there’s a definite personality associated with those who drive one (think vulgar, uncultured etc). US culture emphasizes your car so much as an indicator of your whole being it’s hard to ignore this

like

Picking up my new M4 today 😍. Anybody else located in Toronto?

Post Photo
likeuplifting

Please recommend- i am looking to book either 2023 bmw vs audi q7. Gas cost is not a concern for me as i mostly work from home. I am looking for a suv which is luxurious and cheaper maintenance cost on either of these 2 model ? How would be the extended warranty cost look like for either?

likefunny