Quote:
Originally Posted by Deebo
Yes, I did the same on the money I financed for my M3. I think the difference is that for most people buying a brand new car, they aren’t coming in with any money down and quick depreciation means they’re upside down on the car instantly as their payments don’t keep up with that. Then when they come back to trade the car in, they roll the negative equity into the next car. Eventually gotta pay the piper.
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I'm sure there's quite a bit of that, too, yeah. It just felt like this thread was quickly throwing the baby out with the bath water. Long loans aren't a bad decision be default. I'm car shopping for the wife. If someone offered me a 96 month loan at sub 1%, I'd probably take it.