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      10-04-2019, 01:56 PM   #34
Pauldunlop13
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Drives: M4 Convertible
Join Date: Sep 2017
Location: Colorado

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Ugh. When I got my first car the typical loan was 3yrs, and 4 yrs was sort of common

this way you can payoff the car, have at least 2 years with no med/large repairs and NO payment, then keep the car as the larger repairs start to happen

i bought a car in 2003 with a 5yr, which seemed long. Paid off in 3. Drove it for 11 more years without a payment.

now with a 6yr loan or more, you will be starting repairs while still paying your monthly. And some will feel the car is OLd and roll right into a new one without a break in payments, or worse trade in an unpaid one and be majorly upside down on day 1 of a new car
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