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I appreciate both of your viewpoints on this - thank you. To be honest, the thought of making a $770 car payment monthly over 60 months is not ideal, but I can afford it. The savings from that monthly payment could be used for a down payment on a home, investments, etc. Here is an excel chart I...

So the reason the payment is low is because the way the payment saver loan works - it has its benefits and negatives. The key is to get a good deal on the vehicle below MSRP. MSRP - $56140 Purchase price - $45900 Down payment - $3300 Residual value @ 2 years - $34.5k Residual value @ 3 years -...

Paying $480 a month, 36 months. At the end of term I will have a balloon of roughly 29k which I am going to either refinance or sell the vehicle depending on the market value.

Renaissance red. Taking out a penfed payment saver loan- are you familiar with that? You pretty much pay for the depreciation, which IMO most of it has been paid for already. They have a set residual value on where they expect the value of the car to be at the end of your term, and then you...

I have been waiting to strike on a 2020 premium for a few months now and came across a used one, and would like some opinions on the price/specs/deal. 2020 Premium w/ driver assist package 350 miles Private party deal (avoid paying 8.25% tax from a dealer, use car tax is $1500) Price...