yeah, from peoples comments in the Mach 1 section, I may be the youngest owner at not yet 40.
They're probably betting on people that only hold a car 1-3 years, can't take not having a new car, trading it in and taking a huge loss of rolling negative equity into a new car as well.
But, that's the whole Idea. My so's not on the paper. If I don't make it to the end of the loan ? Meh. Ford can have the car back.
weird, most of my loans have the opposite, including my mortgage. if I die before it is paid off, the title passes to my heirs free and clear and paid.But, that's the whole Idea. My so's not on the paper. If I don't make it to the end of the loan ? Meh. Ford can have the car back.
You must have some form of insurance that pays the loan off.
yeah, having money that the bank wants me to have an account there for. nothing special. Just that the odds of me dying before I am 55 (when the loan is paid off) are less than what they'll make if I drop millions through that bank over the next few decades.
I don't get it. They talk about 0% APR loans, and then tell us that 84 months is bad for us because we'd pay a lot more interest than if it were 60. Huh?
This article is based on false logic. The author describes how Ford is offering long term 0% loans which he claims are bad, then concludes with an example using 60 months at 6.9%. Not the sharpest tool in the shed.
hell just buy preferred shares with the money and collect the quarterly dividends at about 3-8% yield.
96 month new car loan terms already do exist. Crazy right? That's irresponsible... Even with 0% interest.
Holy crap I didn't know that, i can't believe someone would want to make payments for 8 years. If you have to go that long to get the payments where you need them. Then you can't afford the car.96 month new car loan terms already do exist. Crazy right? That's irresponsible... Even with 0% interest.