... choice of the 60-month or 84-month payoff ...
I've seen commercials for leases at "only" $465 a month. For 60 months. With $1800 down.

Yes, you read that right: $1800 down and $465 a month for five years, and you still don't own it at the end.

Then I remember that no one takes one of these leases unless it's a perk of the job, and the company paying for it is writing off the cost anyway, so it's you and me paying for it.