Quote:
Originally Posted by somatic
so what you're saying is that your bank is so retarded it actually gave you a better rate on a longer loan? thats then most bass ackward thing ive ever heard lol. if so, then go with it and take advantage of their stupidity
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No... god... what I'm saying is... over 6 years you pay slightly lower finance, BUT if you pay over 6 years it will be a almost couple grand more than the 3 year. If you pay a 6 year in 3 years or less. Its cheaper than taking a 3 year loan for 3 years. Make sense?
Its like you guys forgot I'm paying a 6 yr in 2.5 to 3 years vs someone who is on a 6 year for 6. Or a 3 year for 3. You put way more money to the principle and keep finance charges down. The difference in interest is so marginal that you barely save money. Its in finance charges where therres a big difference.