How long should you finance/ Yearly Transportation plan

I see it every day people come in with a monthly budget
The car they want is rarely within it
The salesman does what he is supposed to do
The finance manager does the rest
350 a month for 60 months becomes 425 for 72 months
15 years ago 250 a month for 48 became 299 for 60
25 years ago 150 for 36 became 180 for 48 on it goes
By the way 72 x 425 you pay back $30,600.00
vs. 350 x 60 you pay back $21,000.00
You just upped you pay back $9,600.00 on third of the total price
It seemed so easy just $75 a month

Solution:
A long term transportation plan

How many miles a year
How many years
Yearly investment =
Total of payments 60 x whatever +
Total maintenance over the life of the car
Divided by the pre determined realistic years you are going to keep the car +
Yearly Insurance
Yearly fuel cost


Example:
15k miles a year 10 years
finance 15k on a program car 60 @ 300 a mnth =18k total investment…….. 165,000 total miles on car
Maintenance cost for 10 years $8,000
$900 in oil changes
$2,400 in major services
$1,200 in tires
$3,500 in repairs
Total = $8,000.00 maintenance
26k total investment / 10 = $2,600 a year +
$1200 in insurance
$2,500 in fuel
Total annual transportation cost = $6,300.00
See what happens if take the months to 72 or even 66

Know your plan and stick with it!!!!!!