Deal too good to be true?

birdmanx1 · 10-02-2011, 10:45 AM

Quote:

Originally Posted by RunNgun

You know, 7 years at $510 isnt really sounding all that bad the more I think about it. Most people get a loan for 6 years, and everyone I'm seeing on this forum and the 1 person I know who owns a Z all pay $500+ for theirs. Seems like I would basically be paying for 1 additional year, a small price for my screwup impatiently purchasing the altima.

You had me along until you brought up 7 years. That's a really baaaaaaaaaaad deal, 7 years is way too long to be locked into car payments at $500+/month, check how much the car will end up costing you at the end of those 7 years, what the car will end up costing after depreciation, plus things change, new models are introduced, your family situation. Most of us on the forum have the car pay for or put down 50%-75% of the car price so don't use the $500+ as your reference.

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