Car Buying
Auto Loan Terms: Why 84-Month Financing Is Usually a Mistake
Stretching a car loan to seven years saves on monthly payments but buries most buyers in negative equity within two years.
An automotive resource for people who take cars seriously—whether it’s a sports car, a pickup truck, or a family SUV. The site doesn’t simply regurgitate manufacturers’ press releases: every test drive is an honest assessment with specific pros and cons. Featured sections: choosing a used car, DIY maintenance, and comparisons of electric and gasoline alternatives. The focus is on real-world driving conditions, not the racetrack.
Stretching a car loan to seven years saves on monthly payments but buries most buyers in negative equity within two years.
Everyone has an opinion on leasing versus buying. Most of them are wrong because they start with ideology instead of numbers. Here is the actual math for six real scenarios.