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Cars and Transportation
Reply to "The 7-Year Car Loan: Watch Your Wallet"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]4 years used to be the norm, then it stretched to 5. We pay cash and keep our cars for 8-9 years (our newest car is 6 years old and the oldest is 13 years old) but it seems like most people get new cars much more often.[/quote] We could pay cash but prefer a 0 or 2% loan and invest the cash. But we also keep the cars 10 years or longer.[/quote] Agreed. This is the best way to go. Provided you pick a vehicle that can last 10 years without serious repairs. The 10 year rule is also good because you don't have to worry about driving a hoopty![/quote]
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