A $500/month car payment on that 72-month loan.
โIt's only $500.00 per monthโ sounds harmless. But that $500.00 adds up to $6,000/year. Over 10 years, if you invested that money instead, you'd have $86,919. That's $26,919 of free money from compound interest. ๐คฏ
After 6 years you'll have paid $36K for a $25K car!
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