I’m not sure that I agree with the premise that 60 month is too long. Too long for you-sure. But for a new car-that’s not unreasonable IMO. And yes, every lender is now described as predatory here. That’s bull. Some are I guess. But as the buyer you need to be aware of what the hell you’re signing.

Can’t complain about the range, though. And on just one charge...

Yeah but let’s talk about the panel gaps

I would have parked much closer to them. Close enough that when they put their car in gear, it would have lurched forward enough to hit my hitch.

Genius. I have new shitty neighbors across the street that love to park like assholes on either side of my driveway (and rev the shit out of their fart canned CRV and Civic at 2 AM). I had to leave a note one night because half of one of their cars was actually blocking my driveway and I had just enough room to…

Oh, this is about HQ2? I thought the Amazon charade was that Richard Hammond’s XKSS didn’t have a top.

When I bought my car three years ago I could have paid cash, but instead financed it at 1.99%. Looking at my brokerage statements, that same money earned about 20% last year in the market.

Yeah sorry but this article just isn’t doing anyone a service. If you want something meaningful compare buying to leasing, and you’ll look at the math, and see that buying is the way to go if you want to have the car for more than five or so years.

Yes, this. I took out a loan for my last new car, at 1.49%, and it was a great decision. I’d originally intended to just pay cash, but as it turned out the cost of that loan was ridiculously low. Moreover, I’m glad I took it, because I wound up needing the cash for unexpected expenses. You could suggest I was dumb to…

That’s what I just did last month. Got a 2017 model that initially sold in March of 2017 with 9k miles. Paid 31% under sticker and got a 2 year/24k mile extension on the factory warranty! Even if I took a healthy $3k off sticker for negotiating the price, that’s still a 20% price reduction for only 9k miles of use,…

You should keep making payments to your own savings account. Then when it comes time to get something new it won’t be as painful. Maybe you won’t have to take any debt at all.

Honestly you shouldn’t finance a car at all, or any depreciating asset. In my book the only thing worth taking on debt for is a house, because that will at least appreciate over the long-term.

That’s pretty true. Cars are underwater on their loans as soon as they drive off the lot.

I use exactly this process!

If that is your only goal, yeah you can do that. IF you’re buying a new car with nothing down, a $35K average car price puts you at a bit over $1K per month if you’re trying to pay it in 3 years.

Yep. They do have good deals especially for older cars. They are also very good about returns.

Not to mention that 60 months is no longer a ‘new’ car, and people will need to start shelling out for repairs.

Basically, they are no better than Daimler was.

I’ve purchased my vehicles with cheap 60-72 month financing. But I kept one for eight years, another for 12-years and counting with no plans to get rid of it, and the one I replaced the car I got rid of after 8 years I plan to keep for at least another decade.

You avoid it by keeping the vehicle long term and paying down the debt. People are way too fickle about auto purchases, they are a long-term commitment.