I always get 6 or 7 year loans, and then pay them off in 4 or 5 years

Feb 9, 2016
3:41:32pm

fredgarvin All-American

There's no penalty for paying them off early, and some months it's nice to have the flexibility when other expenses come up.

Report problem with this ad

fredgarvin

Bio page: fredgarvin
Joined: Nov 13, 2003
Last login: Apr 27, 2024
Total posts: 18,878 (44 FO)

Report problem with this ad

Messages

Author

Time

I'm amazed at all the Suburbans, Yukons, etc. I see on the road. These are $60K

Regal Ute

2/9/16 2:33pm

They can't. Huge loan payments. #carpoor

WhyKnot

2/9/16 2:34pm

I actually bought a 2015 Suburban on Saturday. No loan - paid cash

BYUMizzou

2/9/16 3:39pm

thank you very much old crazy lady with the dog in her will!

BYUFBDAD

2/9/16 3:44pm

She's still alive and kicking at the moment

BYUMizzou

2/9/16 3:47pm

Buying a car like some poor schmuck?

Virginia Ute

2/9/16 10:55pm

I put too many miles on my cars to lease them. I average

BYUMizzou

2/10/16 6:14am

Unlimited mileage FTW.

Virginia Ute

2/10/16 8:45am

RE: I'm amazed at all the Suburbans, Yukons, etc. I see on the road. These are

tarzan15

2/9/16 2:34pm

Wow. I've heard of 7 year loans but 10 years is even crazier

fulano

2/9/16 3:04pm

7 year loans.

PharmD

2/9/16 2:34pm

<< Deleted >>

Buffalo

2/9/16 2:37pm

Lease it.

BIG XII Coug

2/9/16 2:40pm

My wife wanted an Infiniti QX80 for years...

Noni Fruit

2/9/16 2:40pm

My wife will never test drive a car that is more than she wants to pay because

cheezedawg

2/9/16 3:06pm

A lot of family type cars are getting pretty expensive these days. I agree tho.

Bluedarts

2/9/16 2:44pm

I don't know, but you're asking the right group. I've never encountered so many

Wedgetail

2/9/16 2:44pm

Well thanks to everyone's hard work on CB TNT has money

TNT

2/9/16 2:46pm

We can't all be professional pinball players, sadly.

Wedgetail

2/9/16 2:52pm

I have four $50k+ cars. Just saved up for them and paid cash. Priorities.

Cougarrrs

2/9/16 3:37pm

Essential Oils.

PharmD

2/9/16 2:49pm

You'd be amazed how much a person is willing to spend on a car

Bluedarts

2/9/16 2:51pm

You'd be amazed at how many people live beyond their means for show

CougarBacker

2/9/16 2:49pm

Spending money they dont have just to impress the person next to them at the

ballen

2/9/16 3:45pm

I could never spend $60k on a car.

PharmD

2/9/16 2:58pm

Well for one, they aren't Ute fans and so they probably have a real job.

holla at cha boi

2/9/16 3:00pm

On the other hand if your not paying a tithing you have more $$$

BYUCPA

2/9/16 3:07pm

I almost worked up a chuckle.

Tokolosh

2/9/16 3:59pm

Utah: #1 state for most bankruptcy per capita.

Lalau

2/9/16 3:03pm

Close. #4

cheezedawg

2/9/16 3:09pm

Fo rizzle?

ballen

2/9/16 3:36pm

Google never lies, right?

cheezedawg

2/9/16 4:02pm

Interesting how there are so many comments assuming that people automatically

workindev

2/9/16 3:07pm

I hope that most people are like you in this way.

cedar cougar

2/9/16 3:18pm

Your post highlights something interesting.

TheHop

2/9/16 3:34pm

I always get 6 or 7 year loans, and then pay them off in 4 or 5 years

fredgarvin

2/9/16 3:41pm

Yeah, I've never kept a car loan to full term. It's always paid off early.

workindev

2/9/16 3:52pm

Not sure when it happened, or if it's really even the norm. But when you can

workindev

2/9/16 3:49pm

I've wondered the same thing

cedar cougar

2/9/16 3:16pm

It's crazy, because there are cheaper options that are just fine.

ballen

2/9/16 3:40pm

Actually there aren't if you're looking for something capable of towing 6000-

BYUMizzou

2/9/16 3:49pm

Luckily I didn't have to worry about the towing part.

ballen

2/9/16 4:04pm

I would not call a Traverse a replacement for a Suburban

TheHop

2/9/16 3:49pm

Yup, the difference between the GMC and the Cadillac was $10k at a minimum, and

workindev

2/9/16 3:51pm

That's what I've wondered for a long time. I live in Wyoming and make between

UltimateBYUfan

2/9/16 4:02pm

<< Deleted >>

Buffalo

2/9/16 4:54pm

What types of job pay more? We have friends in Pleasant Grove, their daughter

UltimateBYUfan

2/9/16 5:40pm

<< Deleted >>

Buffalo

2/9/16 5:54pm

Thanks for the info. One of my sons got a job in Utah a few months ago and he

UltimateBYUfan

2/9/16 6:08pm

Those are UofU alums. They make the big bucks. The poor aggies work at Maverick

BYU Grounds

2/9/16 5:14pm

They do not hold their value .Not hard to buy one a year or two old for about 5k

Posting on CougarBoard