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dc_dux · 02-07-2007, 04:27 PM

I would re-think seriously about a 6 year loan. For the first four years, you are likely to "upside-down" (owing more on the loan than the car is worth as a result of depreciation).

I would suggest a cheaper car....one that you can afford with a 3 year loan.

Some good advice here on How to avoid drowning in car debt

02-07-2007, 04:27 PM	#5 (permalink)
dc_dux Location: Washington DC	I would re-think seriously about a 6 year loan. For the first four years, you are likely to "upside-down" (owing more on the loan than the car is worth as a result of depreciation). I would suggest a cheaper car....one that you can afford with a 3 year loan. Some good advice here on How to avoid drowning in car debt __________________ "The perfect is the enemy of the good." ~ Voltaire Last edited by dc_dux; 02-07-2007 at 05:52 PM..