The real point on this and mortgages is the same. If we double the life of the loan. We should be halving the payment. Not reducing it by 10 or 20% paying an extra 10 years to go from a 500 to a 400 dollar payment isnt helping. Paying for a car for 15 years and it being a 150 dollar payment could get some traction.
The real point on this and mortgages is the same. If we double the life of the loan. We should be halving the payment. Not reducing it by 10 or 20% paying an extra 10 years to go from a 500 to a 400 dollar payment isnt helping. Paying for a car for 15 years and it being a 150 dollar payment could get some traction.