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Old 05-12-2008, 09:47 AM   #3
Chills
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Join Date: Sep 2006
Location: Naperville, IL
Posts: 793
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This is something I've been thinking about for a bit (except I've been crunching C2S numbers).


IMO its a bad idea to finance beyond 5 years, and even that is pretty long. One, the car will be out of warranty for many years while you're making a payment. Two, will you still want that car in 8 years? Or 7? Or even 6? You'll still be making payments. And Three, you'll be upside down for a very long time on the loan, so if for some reason you want to dump the car you'll be taking a hit.

If you want a new Box I'd finance for 5 years with a hefty down payment.

BTW, what options are you looking at getting and what color?

EDIT: I agree with PL. Get a used one. If you are patient you can find exactly what you are looking for with very few miles and someone has already taken the big price hit.
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Last edited by Chills; 05-12-2008 at 09:50 AM.
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