What's the longest rate car/vehicle loan you have or have taken out

[Yaj Yak]

SPIN SPIN SPINOFFFF

and go.

"Anonymous" poll incoming.

(boats don't count)

Click to read more...

 

[Mook]

I think I'm at 60 or less on the R because fuck it, 2% rate.

I cant pay for cars in cash no mo :wtc:

 

[Blood on Blood]

Per the poll, if someone has 60 mos loan, the he / she would pick “less than 72 mos”, correct?

 

[Great White Drake]

5 years 2 different times, but I paid both off a year or 2 early. Why struggle with a high 3 year payment if you don’t have to? Was my thinking.

 

[Yaj Yak]

Per the poll, if someone has 60 mos loan, the he / she would pick “less than 72 mos”, correct?

yeah, i should have worded that better. but you are correct.

 

[Chester Copperpot]

96 at 9.5%

is that good?

 

[Blood on Blood]

72 mos, dirt low rate, I’m good.

Kept the money in the market which has done well

 

[greasy]

5 year, anything higher seems too much in my personal opinion. If I’m 2 years in on a car and I had another 5-6 years to go I would think FML

 

[boostedguy05]

Most have been 60, one has been 72 cuz low rate and fuk it. ive only ever fully owned 2 cars.

 

[BeerOrGasoline]

60's are usually the sweet spot for rate

 

[Chet Donnelly]

60 with 0%, but never over 36 months if interest involved.

"longest" would be term though...not rate...

 

[Yaj Yak]

96 at 9.5%

is that good?

sell your house. shoulda paid cash. you're fucked.

 

[Chester Copperpot]

But if I refinance at 108 with 14.9%, my payment goes down 20 dollars.

So I'm obviously saving money.

Brb.

 

[Bru]

Never more than 60 months. Never more than 3 percent.

 

[10sec]

I've never taken more than 60mo, but I have always been able to pay it off well before that. I just need the money on loan cause I don't have it just laying around.

 

[Outlaw]

72 is my go to. Never had a loan over 3.99% interest though, and I never keep shit to full term (obviously). Usually walk away with some cash in my pocket or breaking even.

 

[Chester Copperpot]

I've done 60s on every loan I've ever had except this current Raptor. 2.59-2.99 seem to be my norm. This one I did 72 just because the rate was the same regardless of 60 or 72.

 

[SirMarco]

Typically no more than 60 for a vehicle loan. Like Carter, the rate was the same for my truck at 60 or 66 months. I went 66 months but will most likely pay in off well under 60 at this point.

 

[RICH17]

48 months....because 12 grand car

 

[cap42]

Almost always 48 months, only 1 car loan did we have 60 months on it. Usually sub 4% interest.

 

[cacicgtp7]

Took out a 60 twice. Paid one off in 30 and the the other in 12 just because it was more of a game on the rate.

 

[FESTER665]

0% for 72 months.

 

[Kensington]

60 months on two cars I financed $20K+

36 on $10K @1.75%

 

[LikeABauce302]

I always go with 72 months and pay ahead. It's nice to be able to go a month sometimes without making a car payment. I took out a 72 month loan on my Boss 302 and will have it paid off about 16-18 months early.

I just bought a 2017 Escape and financed it for 72 months at 2.99%. I initially had a 3.99% rate, but refinanced with a Credit Union. I could have had 0% for 72 months, but chose ~$7,000 in rebates instead. My thinking was I'd come out well ahead by refinancing for a lower rate and making advanced payments.

I don't really go through cars quickly, so I'd rather have a 5-6 year loan and have more money from my paycheck to put into savings or into my investment account.

 

[1MEANGT]

60 with low interest rate is my norm.