Should I finance for 24 months? Pros and cons? : r/askcarsales

Stats: 50k salary, and bills that equal about $700 a month. Wife makes 40k. She wants to refinance her 60 month loan at 12% interest to 24 months as well. We figure, since we don’t …

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Should I Finance For 24 Months? Pros And Cons? : R/askcarsales

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Stats: 50k salary, and bills that equal about $700 a month. Wife makes 40k. She wants to refinance her 60 month loan at 12% interest to 24 months as well. We figure, since we don’t …

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Isn't Leasing Better Than Financing? : R/askcarsales - Reddit

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Paying tax on just $500 for 24 months before deciding whether you want to buy the vehicle and shell out the rest of the tax on the residual is a huge advantage. ... All three purchasing …

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The Pros And Cons Of A Short-Term Car Lease - Capital One

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Jan 26, 2022 · A 36-month lease for this Macan would cost $1,198 per month, while the payments rise to $1,450 for a 24-month lease. A 12-month lease boosts the monthly outlay to $2,177 per …

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How Should I Finance My Car Purchase? - TheStreet

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Oct 10, 2023 · Question. I plan to purchase a $40,000 car with a $10,000 down payment. I can get a 6.5% 60-month loan from my local bank and plan to pay the minimum monthly amount …

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How Long Should My Car Loan Be? - WalletHub

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Jul 16, 2015 · Yes, there could be several. (1) You will generally pay less interest on a 36 or 48 month loan than you would on a 60 (assuming that we are not talking about 0% interest deals …

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FAQs about Should I finance for 24 months? Pros and cons? : r/askcarsales Coupon?

What are the benefits of monthly car finance?

The Advantages of Monthly Car Finance. Having set monthly payments allows you to budget around your car. If you know how much you earn and you’ve arranged your car payments to fit in with this, you always know where you are. And the beauty of almost all Monthly Car Finance arrangements is that the direct debit you pay always remains fixed. ...

Do short-term car loans require higher monthly payments?

Higher monthly payments: Short-term car loans generally require higher monthly payments because there's less time to pay off the loan. Before committing to a shorter loan term, it's a good idea to check your budget to see if you're able to swing the payments each month. ...

What is good and bad about short-term auto loans?

Knowing what is good and bad about shorter-term auto loans can help you budget appropriately. Typically, the shorter the car loan, the better the interest rate the lender will offer—this is because shorter loans tend to have a lower risk of default by the borrower. The lender rewards short-term loan borrowers by reducing the interest rate. ...

What are the benefits of financing a used car?

Financing a used car is the most common method of purchase – for good reason. There are quite a few benefits of taking out a loan to buy a used car. Let’s take a look at them now. Low Down Payment And Up-Front Cost – Most used cars can be purchased with a very low down payment – often only 10%-20% of the value of the car. ...

Should I get a short-term car loan?

A short-term auto loan may be an appealing option if you're looking to pay off your next vehicle as quickly as possible. Here's what you can expect if you're thinking about a short-term car loan: ...

Should I finance a car?

An auto loan can benefit you because it spreads out the expense of the car, leads to ownership and can help you improve your credit score. Some drawbacks to watch out for include being stuck with the same car for longer, possibly expensive monthly payments and the risk of damaging your finances. ...