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[QUOTE]Originally posted by *EPIK*: [QB] [QUOTE]Originally posted by losbadgts: [qb] [QUOTE]Originally posted by *EPIK*: [qb] Yup, longer loan, means more interest, but it also gives you a lower monthly payment which allows you to pay extra on top of the payment if you can afford it, which goes directly to the principal, thus paying off the car a bit sooner. Also, it's nice to have the lower payment, just in case you are struggling money wise one month. [/qb][/QUOTE]I totally agree with you on this. That why i went with a 5 year loan since u never know if something happens. But i knew going in i was going to pay off the car a lot sooner. [/qb][/QUOTE]Yup, agreed 100%. I always put at least $50-$75 extra on top of my payment, at the bare minimum! [/QB][/QUOTE]
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