Quote:
Originally Posted by AlpineWhite_SJ
Will be interesting to see whether those getting those extended loans actually drive them until payoff or whether they’re selling at year 5 or less. I usually finance for up to 5 but tend to pay off around year 3. 5yr loan is more about limiting impact to monthly expenses/lower payment. Combine with a good finance rate and it’s a pretty good play. Drive them until 100k plus/8-10 yrs and then sell to private party since they usually aren’t worth much for trade in. Makes a new car sale so much easier not haggling over trade in value :
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I would love to follow this pattern but how do you handle "out of warranty". Do you do the work yourself, have a 3rd part warranty or just take the expense when it comes around.