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@dongchau123 he said car is depreciating asset, no sense to rush to finish paying. Just drag the loan as long as possible to enjoy lowest monthly repayment. I know he is rich enough he can buy the car (actually more than 100k) by cash easily, but still he chose to take 9 year loan.

I know of the typical car loan advice : 15-20% salary, no more than 5 years loan, if not it means you can't afford this car etc. I used to think this made sense, but now I'm not so sure. Just for the sake of discussion, consider the following: Scenario 1 : earning 5k monthly. 5 years loan...