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Not only no, but HELL no.
I took a 72 month loan on my 2013 Avalanche, to get the 4% interest. I will have it paid off in 48, tops. I make at least one extra payment every month on the principle, sometimes more. It leaves me with less in my pocket, but the cost of the car goes down every time I do that and I am that much closer to the title in my hot little hands.
And once I have the title, I will be essentially debt-free, having no current debts other than a very small credit card payment that covers my netflix and such minor charges and is paid off in full monthly. I dream of having no debt.
From then on, cash for all but the most major emergency purchases. If I am gonna restart my life, I might as well not start off with a mountain of bills.
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