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What's the average monthly payment length for the 2014 Hyundai Elantra GT hatchback?
I'm 19 & I'm going into the National Guard next year to eventually be an IT guy /computer programmer. I was wondering since I live with my parents & don't need to pay expenses could this be an essential way to save up cash? Basically I definitely want to pay the car off before I'm in my 30's. Would love some suggestions / advice.
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3 Answers
- Robert B.Lv 67 years ago
Never take out an auto loan for more than 3 years. If you can't afford the payments for a 3 year loan you have no business buying the car. If you take out a 4 or five year loan and the car is totaled in the 4th or 5th year there is a very good chance that you will not receive enough money to pay off the car. You will then be paying for a car you no longer have.
- ?Lv 56 years ago
Typically a loan would last for anywhere from 3-5 years depending on your down-payment. Should be paid off long before you turn 30.
REmember to pay mom and dad something each month as living at home isn't free anymore when you have such a great job.
- 7 years ago
good average to go by is $20 per month payment per thousand borrowed i.e 20,000 would be $400 monthly more or less deopending on interest rate
