this post was submitted on 21 Jan 2024
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I definitely agree, but I went with the option which would have the lowest monthly payment. On the other end local rates have a 36 month loan at 6.75%, but that's $1,800 per month.
A cheaper car would've worked.
You're paying over 18k more for the car with interest over the life of the loan while it will be losing half its value.
The example is the Telluride though? That's the whole point. Of course any sane person would pick a cheaper car. For that matter why would you ever buy a brand new car?