takimbe

yeah, I am just planning ahead and using it as a 'just in case' measure. The payments are low, but I didnt mention that I was also going to be paying 1000/month, plus 5k+ of my bonus every March.

If something unforseen does happen in terms of my employment, I wont be paying a ridiculous payment and a 72 month loan allows me to have lower payments and still afford to live and ride out anything that comes my way.

Again, I dont anticipate anything happening with my job, given the amount of work and length of my current contracts. And if that is the way it is, then I will pay off the car in a little over 24 months, maybe even less, and probably end up paying less interest than most of you out there.

I definitely would have gotten a shorter loan (48-60), or just straight waited on getting it, if the interest rate was above 5%, but like one of you said, its sub-5%, so it doesnt bother me. I did this before when I bought my truck back in High School and paid off the entire car (12500) in 6 months doing web work (thank god for the emergence of the internet back then).