Not sure if I should make this purchase
So I finally came across a car I really like, and its the first time buying a car over 50k. I just dont know if i should be doing it. I can afford the montly payments easily, but the interest is 5.99%
At the end of the term, its about $10k in interest which is really turning me off from this purchase.
Is this normal? do people actually pay that much in interest to get cars or do ppl just save and buy in cash. I am putting a 10k down.
Any advice appreciated
At the end of the term, its about $10k in interest which is really turning me off from this purchase.
Is this normal? do people actually pay that much in interest to get cars or do ppl just save and buy in cash. I am putting a 10k down.
Any advice appreciated