While a lower monthly payment is tempting, we don't recommend 72-month car loans because they:
Dramatically increase the overall cost of your loan Quickly put you in a position where you owe more than the car is worth Often leave consumers trading in their cars with negative equity
A 7-month car loan might be worth it if you have no other option, but do your research first to ensure you're making an informed decision. Check to see if the lender has prepayment penalties in case you're able to pay off the loan more quickly.