Exactly What you think about getting a term that is long loan (72 months or more), but paying more each month than what's required?

As an example, let’s state the desired month-to-month repayment is $400, but we spend $600. Can you nevertheless argue that I am better-off getting a loan for 48 months (or comparable), being necessary to spend $600/month? There's nothing wrong with using an auto loan for the period that is longest, like 72 months, in the event that rate of interest is certainly not notably diverse from the attention price for the reduced period. While you…