mvela
Senior Member
- First Name
- Mike
- Joined
- Sep 13, 2018
- Threads
- 17
- Messages
- 1,178
- Reaction score
- 630
- Location
- Orange, Tx
- Vehicle(s)
- 2018 Honda Civic sedan lx 6mt and 2018 Honda Civic hatchback ex auto
I have a rule that I go by. If you can not pay a car off in 4 years or less then it is too expensive. Same as a house, if you can’t pay it off in 15 years or less it’s too expensive. You end up paying too much in interest the longer you pay on it. Plus you want to leave yourself wiggle room in your budget for unexpected emergencies. Plus most people would be ready for a new car after 5 years. By the time you finish paying it off and probably paying close to double what it worth, you might get less than 5 grand for it. Just something to think about
Sponsored