When you're ready to, go to the NADA site (don't use KBB). It can give you a rough trade value. I would plan on the lower end of the trade value range. You'll have to wait until you're close to pulling the trigger as market values can fluctuate drastically in the next couple of years. Anything...
They are more designed for the impatient. The logic is "I can save for a down payment to get a 48/60 loan with manageable payments... orrrr I can get a 72/84 loan because I want the vehicle right now with payments in my range." These are usually the people that live *paycheck to paycheck" and as...
As long as that's what makes you happy in life I say go for it. I see it both ways. I've seen people living in trailer parks purchase vehicles with $1200, $1300, $1500/month payments. I've also met people with half a million dollar houses drive around in beaters because they just flat out refuse...
Unfortunately that's becoming a standard for new cars. All I see is the car will be worn out before you ever pay it off. We live in a world however where I need to have the newest SUV to function in life and people see a need to pay a house payment for one.
Here you go.
7 Year (84 month) with 12% interest financing $50k = ~$880/Month
7 Year (84 month) with 12% interest financing $40k = ~$705/Month
7 Year (84 month) with 12% interest financing $35k = ~$615/Month
7 Year (84 month) with 12% interest financing $30k = ~$530/Month
6 Year (72 month)...