Quote:
Originally Posted by bimmer4life24
This.
Again, I can easily do a 72 month loan, even a 60 month. But I would rather keep my monthly payments low on a car that holds its value well, and put my money elsewhere. In addition, the car will be tax deductible for my business. Unlike a lease where the monthly payments get deducted, a percentage of the purchase price is what gets deducted instead. So I appreciate the financial advice from others here, but I got that covered already
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Do whatever you choose, but for a car that keeps its value, paying more sooner puts you more on top. Your tax deduction is a moot point as it is based on the purchase price of the car, not the loan.