There's a lot to consider with financing a car that isn't necessarily obvious to most people. We've all heard that the car depreciates in value significantly the second you drive it off the lot. With a 72 month note, you are upside down on the note for a much much longer time. Since it is a car, there is a greater than zero chance of getting in a wreck. It could be a situation that after insurance pays off the deemed value, you are still owing the financing company for a car that you can no longer use. This is why gap insurance is important for the longer term financing.