Thanks for the information.
So, can you all please confirm this....If I decided to go with a new mb with a long term balloon, say a 5 or 6...at the end of the term, I have the 'value of the car vs. the value of the loan'.
If the car was worth more than the loan, I'm doing well..
If the Loan is more than the car is worth, I could refinance?
Is this what usually happens?
88 Grand Am
95 280C *
98 SL500 *