DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post

**arcaniagainee** · 11-16-2006, 06:25 PM

Match the debt to the life of the asset. If you buy a car that will last you 10 years (many modern cars do), then it would be just fine to finance the car on a 10 year loan. I don't think 10 year loans are available for cars, so the 7 year loan would do in a pinch.

11-16-2006, 06:25 PM	#22
arcaniagainee Join Date Oct 2005 Posts 486 Senior Member	Match the debt to the life of the asset. If you buy a car that will last you 10 years (many modern cars do), then it would be just fine to finance the car on a 10 year loan. I don't think 10 year loans are available for cars, so the 7 year loan would do in a pinch.
	Quote