The advantage to financing a car for a long period of time (of up to seven years) is

Question

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Financing a car for a longer period, such as up to seven years, results in lower monthly payments because the total cost of the car, including interest, is spread out over more months. This does not necessarily mean you build equity faster, the car will be worth more, or that you can sell the car for a profit before the loan is paid off.

The Advantage to Financing a Car for a Long Period