8 year car loan
 

Car loans stretch to 8 years
Three to five years is fairly standard for a car loan. But a couple of
independent finance companies out West are offering 96-month paper. That's
right, 8-year car loans.

Re: 8 year car loan
 

"edb352" <edb352@cfl.rr.com> wrote in message
news:Wm3cb.2122$Of2.181620@twister.tampabay.rr.com ...
> Car loans stretch to 8 years

Anything to get more interest out of the poor suckers' pockets.

Cheers,

Pete

Re: 8 year car loan
 

"edb352" <edb352@cfl.rr.com> wrote in message
news:Wm3cb.2122$Of2.181620@twister.tampabay.rr.com ...
> Car loans stretch to 8 years

Anything to get more interest out of the poor suckers' pockets.

Cheers,

Pete

Re: 8 year car loan
 

"edb352" <edb352@cfl.rr.com> wrote in message
news:Wm3cb.2122$Of2.181620@twister.tampabay.rr.com ...
> Car loans stretch to 8 years

Anything to get more interest out of the poor suckers' pockets.

Cheers,

Pete

Re: 8 year car loan
 

I had heard of 7 yr loans on higher valued cars...but not 8 yr until now.
There are lots of "monthly payment" shoppers out there who will eat this up
though


"edb352" <edb352@cfl.rr.com> wrote in message
news:Wm3cb.2122$Of2.181620@twister.tampabay.rr.com ...
> Car loans stretch to 8 years
> Three to five years is fairly standard for a car loan. But a couple of
> independent finance companies out West are offering 96-month paper. That's
> right, 8-year car loans.
>
>

Re: 8 year car loan
 

I had heard of 7 yr loans on higher valued cars...but not 8 yr until now.
There are lots of "monthly payment" shoppers out there who will eat this up
though


"edb352" <edb352@cfl.rr.com> wrote in message
news:Wm3cb.2122$Of2.181620@twister.tampabay.rr.com ...
> Car loans stretch to 8 years
> Three to five years is fairly standard for a car loan. But a couple of
> independent finance companies out West are offering 96-month paper. That's
> right, 8-year car loans.
>
>

Re: 8 year car loan
 

I had heard of 7 yr loans on higher valued cars...but not 8 yr until now.
There are lots of "monthly payment" shoppers out there who will eat this up
though


"edb352" <edb352@cfl.rr.com> wrote in message
news:Wm3cb.2122$Of2.181620@twister.tampabay.rr.com ...
> Car loans stretch to 8 years
> Three to five years is fairly standard for a car loan. But a couple of
> independent finance companies out West are offering 96-month paper. That's
> right, 8-year car loans.
>
>

Re: 8 year car loan
 

Hi,
Better take out a mortgae then.
I never bought any car on borrowed money.
By the time I need new car, I will have saved enough to pay in cash.
Tony

edb352 wrote:

> Car loans stretch to 8 years
> Three to five years is fairly standard for a car loan. But a couple of
> independent finance companies out West are offering 96-month paper. That's
> right, 8-year car loans.
>
>

Re: 8 year car loan
 

Hi,
Better take out a mortgae then.
I never bought any car on borrowed money.
By the time I need new car, I will have saved enough to pay in cash.
Tony

edb352 wrote:

> Car loans stretch to 8 years
> Three to five years is fairly standard for a car loan. But a couple of
> independent finance companies out West are offering 96-month paper. That's
> right, 8-year car loans.
>
>

Re: 8 year car loan
 

Hi,
Better take out a mortgae then.
I never bought any car on borrowed money.
By the time I need new car, I will have saved enough to pay in cash.
Tony

edb352 wrote:

> Car loans stretch to 8 years
> Three to five years is fairly standard for a car loan. But a couple of
> independent finance companies out West are offering 96-month paper. That's
> right, 8-year car loans.
>
>

Re: 8 year car loan
 

On Tue, 23 Sep 2003 22:33:29 GMT, "Larry" <zieglerl@pacbell.net>
wrote:

>I had heard of 7 yr loans on higher valued cars...but not 8 yr until now.
>There are lots of "monthly payment" shoppers out there who will eat this up
>though
>
>
>"edb352" <edb352@cfl.rr.com> wrote in message
>news:Wm3cb.2122$Of2.181620@twister.tampabay.rr.co m...
>> Car loans stretch to 8 years
>> Three to five years is fairly standard for a car loan. But a couple of
>> independent finance companies out West are offering 96-month paper. That's
>> right, 8-year car loans.

I can sort of see where this would be useful. Lets say a customer
comes into a dealership, is underwater in his current car but wants
out of it and into something else.

Take whatever the difference is between the trade value and still owed
on the first car PLUS add in the new car = One 96 Month Loan


__________________
Note: To reply, replace the word 'spam' embedded in return address with 'mail'.
N38.6 W121.4

Re: 8 year car loan
 

On Tue, 23 Sep 2003 22:33:29 GMT, "Larry" <zieglerl@pacbell.net>
wrote:

>I had heard of 7 yr loans on higher valued cars...but not 8 yr until now.
>There are lots of "monthly payment" shoppers out there who will eat this up
>though
>
>
>"edb352" <edb352@cfl.rr.com> wrote in message
>news:Wm3cb.2122$Of2.181620@twister.tampabay.rr.co m...
>> Car loans stretch to 8 years
>> Three to five years is fairly standard for a car loan. But a couple of
>> independent finance companies out West are offering 96-month paper. That's
>> right, 8-year car loans.

I can sort of see where this would be useful. Lets say a customer
comes into a dealership, is underwater in his current car but wants
out of it and into something else.

Take whatever the difference is between the trade value and still owed
on the first car PLUS add in the new car = One 96 Month Loan


__________________
Note: To reply, replace the word 'spam' embedded in return address with 'mail'.
N38.6 W121.4

Re: 8 year car loan
 

On Tue, 23 Sep 2003 22:33:29 GMT, "Larry" <zieglerl@pacbell.net>
wrote:

>I had heard of 7 yr loans on higher valued cars...but not 8 yr until now.
>There are lots of "monthly payment" shoppers out there who will eat this up
>though
>
>
>"edb352" <edb352@cfl.rr.com> wrote in message
>news:Wm3cb.2122$Of2.181620@twister.tampabay.rr.co m...
>> Car loans stretch to 8 years
>> Three to five years is fairly standard for a car loan. But a couple of
>> independent finance companies out West are offering 96-month paper. That's
>> right, 8-year car loans.

I can sort of see where this would be useful. Lets say a customer
comes into a dealership, is underwater in his current car but wants
out of it and into something else.

Take whatever the difference is between the trade value and still owed
on the first car PLUS add in the new car = One 96 Month Loan


__________________
Note: To reply, replace the word 'spam' embedded in return address with 'mail'.
N38.6 W121.4

Re: 8 year car loan
 

"Tony Hwang" <dragon40@shaw.ca> wrote in message
news:xh4cb.159$O85.30@pd7tw1no...
> Hi,
> Better take out a mortgae then.
> I never bought any car on borrowed money.
> By the time I need new car, I will have saved enough to pay in cash.
> Tony

Not always a good idea.

Consider a car loan with less than 4% interest (pretty standard these days).
The stock market has finally gotten back on its feet to where it's been
making more than 4% lately. So, by financing the car for less than market
gains, you can put your extra cash into the market and make more money that
way.

Of course, it's never a good idea to finance for more than four years, and
three years is even better (which is what I have on my '02 Accord at 3.9%
interest).

Re: 8 year car loan
 

"Tony Hwang" <dragon40@shaw.ca> wrote in message
news:xh4cb.159$O85.30@pd7tw1no...
> Hi,
> Better take out a mortgae then.
> I never bought any car on borrowed money.
> By the time I need new car, I will have saved enough to pay in cash.
> Tony

Not always a good idea.

Consider a car loan with less than 4% interest (pretty standard these days).
The stock market has finally gotten back on its feet to where it's been
making more than 4% lately. So, by financing the car for less than market
gains, you can put your extra cash into the market and make more money that
way.

Of course, it's never a good idea to finance for more than four years, and
three years is even better (which is what I have on my '02 Accord at 3.9%
interest).