The lowest payment does not necessarily mean the best credit plan. If your car loan is a long period of time, you may end up owing more than the car is worth, which is called

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Negative equity means that you owe more on the car than it is worth, which can result from a long car loan with low monthly payments. This can be problematic if you need to sell or trade in the car before you have paid off the loan, as you will still owe money even after selling the car. Therefore, it is important to consider the total cost of the loan and not just the monthly payments when choosing a credit plan.

The Lowest Payment Does Not Necessarily Mean the Best Credit