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dustyanddaflames · 09-07-2010, 10:48 PM

Hey all, just started snooping around into financing a new dodge truck, and have come across a situation I know a few of you will be able to help with.
Question being - do you lock in at 4.9% interest rate (which makes my payments a little higher than I was hoping), or should a guy run with the 2.75% variable rate over the same term (keeping my payments right around what I was looking at spending).
I am fully aware that the 2.75 isn't going to last forever, but you do chance that it stays low long enough that you can pay down your principal sooner, or you play it safe by locking in for another (roughly) $50/month.
Thoughts?

09-07-2010, 10:48 PM	#1
dustyanddaflames Powerplay Quarterback Join Date: Aug 2002 Exp:	Financing a vehicle? Hey all, just started snooping around into financing a new dodge truck, and have come across a situation I know a few of you will be able to help with. Question being - do you lock in at 4.9% interest rate (which makes my payments a little higher than I was hoping), or should a guy run with the 2.75% variable rate over the same term (keeping my payments right around what I was looking at spending). I am fully aware that the 2.75 isn't going to last forever, but you do chance that it stays low long enough that you can pay down your principal sooner, or you play it safe by locking in for another (roughly) $50/month. Thoughts?