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Is a 5 year loan a good idea on a 2007 Honda CRV?

Source: Yahoo! Answers

The car I have now is my first car and i bought it flat for $3500 cash. It's a clunker and I've had it for 2 years and it's starting to burn out. I am looking to buy a new (used) car and am kinda nervous about taking out a loan. After never having a car note, I'm nervous... Read More

  • Financially speaking, I generally say that if you can afford the car on a 3-4 year loan, then ok but longer than that you should be looking for a cheaper car. If you are worried if the car will last you that time, I would say if you take proper care of the car it will be fine. I don't mean doing some crazy maintenance... Read More
  • yeah takeing out a loan is a great thing if you want to work on building your credit up and it is a good thing because just about every where anyone goes you will need some good credit ...working on mine so i can buy me a home,,,so in the end you will not regret doing so because of the future needs that require good... Read More

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