Quote:
Originally Posted by victort
depending on how much you were financing, the 49,000 may sound right if that included the 6,500 trade-in (as a down payment) and you financed the rest of the 34,000 at 5% interest for 72 months.
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The total financed amount was to be 34K. With that much being financed the difference in cost between something like 3% @60 months and 5% @72 months is quite significant. He was expecting the former and not the latter.