Quote:
Originally Posted by crysalis_01
No one should, in good financial sense, make an auto loan for longer than 48 months.
Sometimes it sucks having to wait a bit longer, but if you can't make 48 happen (max), then work on saving up capital. Dealing with a faulted vehicle, your 1LT, sucks but bite that bullet and make the smarter decision, not a hasty one.
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I agree for the most part except for the 48 months, most i would go is 60 months. And even then that depends on if you know you are keeping the vehicle.
To the OP point, thats 7 years of car payments. That to me is asinine to finance a car for that long. I personally would just try to unload the Z28 and use that money towards trying to pay down the current loan as fast as possible or save it for a bigger down payment if a SS is what you really desire.