Quote:
Originally Posted by Chris_DM
Disagree.
There is no "too long" or one-size-fits-all answer here. Only "what works for me in my situation".
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Definitely agree here. For my current car I put down around 70% and financed the remaining 30%.
I could have paid for it all, but prefer to keep a healthy balance hanging around in savings.
Even though I could have afforded the payment on a 24 or 36 month loan, I went with 60 and just pay extra all the time. This way if my circumstances change I can still easily make the standard payment.