During the last Class Week session, we discussed the leasing and purchasing of vehicles. It was also mentioned that in these times auto dealers are often offering long-term loans by which to purchase vehicles, even perhaps as long as seven years.

Discuss if you think it is ever justifiable to take out a seven year auto loan. What are the advantages and disadvantages to this and, in the end, does it generally make sense?

Every one is required to make a posting. You may also post back and forth responding to what anyone says, but you are not required to do this. Please keep in mind that some will do this exercise later in the Course after the regular schedule of Class Session 8. Thus, depending on your own personal interest for this topic, you may come back to this Forum later to read more comments that will have been posted at that time.