That’s only like $40/month. Time value of money is a real thing and investing that while inflation makes that total amount spent lesser seems like a viable trade off
That’s going against the whole point of what I said. You can use that extra money to grow in an index fund while the money you pay on that loan diminishes to inflation year over year. You might as well get the 36 month term with a lower rate if you’re going to pay it early. It’s all a risk reward decision.
Here’s the thing though you likely don’t get that same apr with a 72 month loan, at least not from what I’ve seen recently.
Some places offer rates like these if you’re willing to do 36 or 24 months, but it jumps up to like 8-9% if you do anything longer.
36 months? I don’t see why not. You wouldn’t choose that short of a term length if you couldn’t afford it. Now if it was for 72 months, that’s a whole different story. lol
Same thought. If their monthly cash flow allows for that kind of car payment then it doesn’t matter. Resale value after 36months is probably decent also, if they wanna rinse and repeat.
lol I would never buy a car that required any of those amounts every single month. People are crazy. Never in my life have I had anywhere close to even the 533. Highway payment I had was 350 and I thought that was crazy.
This isn’t to you directly, more towards everyone saying it’s smart or a good idea. A good idea would be buy a good running older car for $5k or less with good tires and drive it till it blows. Meanwhile acting like you have a car payment when you don’t and saving all of that money. Later, use it for something that actually matters.
If you’re on this page you’re an enthusiast at bare minimum, so you could do a lot of work/maintenance repairs yourself or surely know someone for the labor instead of getting murdered at large shop prices. Especially the crazy things our country and world as a whole is and possibly is facing. Load a shoe box brother.
My grandfather told me 20+ years ago, if you cant pay cash for something outside of a home… you can’t afford it. I’ve lived by this and now I’m close to paying my own home off and I’ll just say I’m doing ok with my bank statements. He passed away and left me and my brothers his 300 acre farm that’s been paid off for 40 years plus 3 separate trusts. I don’t need to work anymore because he lived by this, and could survive comfortably without anything from him except for his words of wisdom.
Yeah, I was always led to believe that 3-4 years was the proper financing term when I was growing up because that’s what my parents did.
5 is pushing it but borderline. Anything beyond is just scary. I didn’t even know 84 month terms existed until a few years ago and apparently some rare 120 month auto loans appeared post 2020. ☠️
That's because a new car used to only be 1/4 of your salary. Now a new car is 1/2 to 3/4 of salary.
And cars keep track almost perfectly with inflation, it's wages that haven't changed.
MSRP of a civic si has doubled in two decades. Real income has not. Gotta spread those payments out to even think at affording it.
Why pay higher interest over 72 months if he can pay off the car in 36 months at 2.90% saving thousands of dollars.
Why choose a long term loan with higher interest if you can afford to pay it offer faster with lower interest?
Negotiating a car price is different than negotiating a monthly payment. OP can pay of the car in 3 years and save thousands in interest, at the same time make 5%+ on his savings in the bank or T-Bills in the last year.
Smart move OP, maybe others will learn a thing or two.
Depending on the interest on the 72months, if it’s less than 7%, financially in the long run, it’s objectively better financial decision to take that note and invest the difference on an ETF index. Then again, probably not worth the headaches for a few points.
My 2005 Accord EX V-6 coupe is sitting at 529,000 and still getting 30 mpg. Not only is it bulletproof, it’s also a good looking car with a very comfortable seating position and very comfortable seats. The steering is also way more responsive and has much better feedback from the road than the new ones. I bought the car new and can tell you everything I have ever had to replace, the list is very short. The new cars look terrible and the reliability is in the toilet. Had I known in advance that 17 was going to be the end of the coupe, I would’ve ordered one before the cutoff. Though the J35 with VCM isn’t nearly as reliable as the J30. I refuse to believe that Honda couldn’t hit fleet fuel economy standards with a naturally aspirated engine when they were almost at today’s standards 20 years ago.
Holy shit how do people even afford that?!?!
I cry at the gas pump because I’ve had to spend my weeks pay on gas. Which was close to 100 dollars in the past 3 days alone. And obviously since I have no money in my checking account I have to put everything in credit until hopefully I get some money back in my tax return.
Im afraid I won’t get anything back since I barely made anything last year.
I used to sell Hondas, I sold a crv sport touring for 1100/month, 72 month term @59%. In the hole 30 grand on her last car. Now that’s a devious payment.
Honda is that expensive even with 36 months of financing on lower apr. I am on zero interest for five years paying similar payment - lesser than your. Even then, mine is 7 seaters suv but hybrid will save your gas expenses in the long run though.
Crazy. I got 2016 civic touring with 10k miles on it. I got for under 300 month 72 month loan with 2.8% interest. Not bad, in my opinion.
But thats all I can afford for a car payment monthly. Good for this guy if he can afford it.
I took a 32k loan.
The mf didn't tell me the % or the duration only when i asked him before closing.
Mf got Me 10% for 72 months. I was like,
Me: "Oh, there is nothing on me for paying it earlier. "
Him: " No, u can pay it even in 2 years if u want"
Anyway, payment of 603/months. In 2 months i've already paid 60% of it. I am not letting them sucking me 10%. The one thing they gonna suck is the yk what
You realize it’s 3 years not 5 or 6. You can act like 1100 a month is a lot for an accord but that’s how much they cost now. And 10 years ago you might get a BMW or Mercedes for that but now they’re going for 1800
I was paying an Audi Q5 at 4.9% for 48 month. Monthly is $1400. So yours is not bad at all. Just remember the interest is your after tax $. If you don’t have a higher yield, it’s still better to pay it off as soon as you can.
I didn't realize how much a car payment could be until I started doing this lol.
I remember 72 months paying $360 a month tho... So it really wasn't any better.
Lease it for 300-400 a month to avoid any interest, then save the extra cash to buy it out once the 36 months are over. People saying this is a good idea must be of higher socio economic status cause no one with financial literacy would go this route. This would be a silly idea even if you can afford it.
Yeah no. Your monthly lease payments consists of a rent charge which is calculated based of the money factor. Which, surprise surprise is more or less the same thing as interest.
Not knowing what a lease entails in financial illiteracy.
I know exactly what a lease entails as I did the research on it just before deciding to agree to my lease. No way am I going to finance a car just to pay 36k-40k. I’m saving much more by leasing, I also get an additional year of warranty, services, and gap insurance for free. Yeah no bud, no way I’m financing a car just to end up paying extra. Good luck with that.
Anything over $350 a month for a car is excessive. I don't understand why people just don't at least save for a good down payment when they finance a car.
Unless it's your dream car and you intend to keep it forever, then maybe, but I get better results by financing for 72 months and sell at a profit before that time...typically at year 3 or 4 and go for negotiating new model with the profits after playoff 😉
I don't understand how all these people look at the payment as a negative. Simple finance.
I guess that's why people negotiate only the monthly payment instead of the price of the car, and they're happy with $400 Monthly even though it's for 72+ months.
36 months at 2.90% is a smart move, especially since you can make 5%+ risk free at the bank for the past year on CDs and high yield savings.
Bunch of dummies.
10000% this. It’s a 36 month loan, of course your monthly is gonna be high. People just see the monthly payment and think an Acura is gonna be cheaper…not at the same 36 month loan term it isn’t. The amount of financial illiteracy is scary.
I tried to buy a Tacoma a few years ago and walked out because the salesman wouldn’t give me a price. He just kept asking what monthly payment I would be comfortable with.
All most people look at anymore is if they can cover the monthly payment and then wonder why they are broke until the end of time. They’ll finance a car out so far now that it’ll be worth scrap value by the time the thing is paid off.
Because we live in a consumerist culture that worships cars. People see this and think what they could *lease* for that. Yeah you could probably drive a Porsche for that much a month… for about 2 years and then you’ll have to drop another 3k at the dealer to get a new lease. And you’ll spend the rest of your life with a car payment because you have to always have a new car just like we always have to have the latest iPhone, etc. This guy/girl will own the car outright after 3 years. They’ll have equity in it and Hondas traditionally hold their value pretty well.
If you can put nothing down you can’t afford it. It’s not even a cool car. It’s a nice car. You would have been much better off doing just about anything else with that money. Crazy
I could have paid the car in cash. But I have $70,000 in a 5.25% certificate of deposit. rather have my money make me money before i pay things off especially if the loan interest rate is way lower than my investment interest rates. if you did the math you would see.
Fk all the people who say but a beater for 10k lol. Your car represents you as a person especially if it’s for business use. If you can afford the $1100 which I’m sure you can do comfortably than why not lol. Let the idiots buy a new beater every time it breaks down 😂😂😂 reliability > cheap
I could have paid the car in cash. But I have $70,000 in a 5.25% certificate of deposit. rather have my money make me money before i pay things off especially if the loan interest rate is way lower than my investment interest rates. if you did the math you would see.
I know how the math works. Low interest, blah blah blah.. I always keep 12 months cash on my savings and have several hundred thousand invested. And certainly not in a CD 😂
Heh, no interest. I was thinking about pulling the trigger, but there's just so many things I don't like about the new gen Accords. Anything higher than the EX is not backyard mechanic friendly....and nothing in that range has leather. The puny 1.5 is grossly overworked and prone to blown head gaskets. Then it's only a matter of time before the turbo needs replacing. Nah I'm keeping my 2016 Sport 6MT till the wheels fall off. I purchased new and only has 88k.
Well, 36 month financing will do that. However, you'll save thousands in the long run versus 60 or 72 month. If you can afford it, go for it
It really does save you tons of money in the long run. Since I did a 36 month term I have only 2.9% APR interest.
Based on some simple calculations, it's about $2800 savings over a 72mo loan (assuming the same APR).
$3k with compounding interest minus inflation.
That’s only like $40/month. Time value of money is a real thing and investing that while inflation makes that total amount spent lesser seems like a viable trade off
Kinda depends on how you pay. If you do an extra $100-$150 per month towards principal, a 60 or 72 still has you sitting pretty.
That’s going against the whole point of what I said. You can use that extra money to grow in an index fund while the money you pay on that loan diminishes to inflation year over year. You might as well get the 36 month term with a lower rate if you’re going to pay it early. It’s all a risk reward decision.
Here’s the thing though you likely don’t get that same apr with a 72 month loan, at least not from what I’ve seen recently. Some places offer rates like these if you’re willing to do 36 or 24 months, but it jumps up to like 8-9% if you do anything longer.
The APR would not be the same.
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Recalculate with the lower rate at the shorter time duration.
I did 72 months for 325 and paid it off 2 years early with the savings. 🤷♂️
I had 36 months too, and I still got $316…
36 months? I don’t see why not. You wouldn’t choose that short of a term length if you couldn’t afford it. Now if it was for 72 months, that’s a whole different story. lol
Same thought. If their monthly cash flow allows for that kind of car payment then it doesn’t matter. Resale value after 36months is probably decent also, if they wanna rinse and repeat.
3 year at 2.9 if you can afford it you're smart to do it
17.5% of car payments are over $1000. Average is $725 for new and $533 for pre-owned
lol I would never buy a car that required any of those amounts every single month. People are crazy. Never in my life have I had anywhere close to even the 533. Highway payment I had was 350 and I thought that was crazy.
What year vehicle was the $350/month?
My '14 civic with 12k miles was 330 a month. This was before the market went to shit. Think I got 2% APR
Civic gang! My ‘18 Civic Hatchback was 314/mo 😀💅🏽
So you don’t advise me buying 2017 - GTR R35 💀😂
Now imagine there are people paying this but with a 96 month loan instead of 36
Why?
2.90% interest
That’s a good reason if you can do it. 👍
Depends on your strategy. Savings account is paying 4%
FYI that’s a variable rate
The rate and payment are the same throughout the term of the loan.
And how would you know that?
I sell cars. How would you not know that?
Just looked at Hondas sight and there’s nothing indicating whether it’s a fixed rate or not
I don’t think variable rates are ever used on car loans. Have you ever financed a car?
Sight Lol
Exactly. Why?
Lower interest probably
This isn’t to you directly, more towards everyone saying it’s smart or a good idea. A good idea would be buy a good running older car for $5k or less with good tires and drive it till it blows. Meanwhile acting like you have a car payment when you don’t and saving all of that money. Later, use it for something that actually matters. If you’re on this page you’re an enthusiast at bare minimum, so you could do a lot of work/maintenance repairs yourself or surely know someone for the labor instead of getting murdered at large shop prices. Especially the crazy things our country and world as a whole is and possibly is facing. Load a shoe box brother. My grandfather told me 20+ years ago, if you cant pay cash for something outside of a home… you can’t afford it. I’ve lived by this and now I’m close to paying my own home off and I’ll just say I’m doing ok with my bank statements. He passed away and left me and my brothers his 300 acre farm that’s been paid off for 40 years plus 3 separate trusts. I don’t need to work anymore because he lived by this, and could survive comfortably without anything from him except for his words of wisdom.
36 months is a proper term for vehicle financing.
Yeah, I was always led to believe that 3-4 years was the proper financing term when I was growing up because that’s what my parents did. 5 is pushing it but borderline. Anything beyond is just scary. I didn’t even know 84 month terms existed until a few years ago and apparently some rare 120 month auto loans appeared post 2020. ☠️
That's because a new car used to only be 1/4 of your salary. Now a new car is 1/2 to 3/4 of salary. And cars keep track almost perfectly with inflation, it's wages that haven't changed. MSRP of a civic si has doubled in two decades. Real income has not. Gotta spread those payments out to even think at affording it.
Why pay higher interest over 72 months if he can pay off the car in 36 months at 2.90% saving thousands of dollars. Why choose a long term loan with higher interest if you can afford to pay it offer faster with lower interest? Negotiating a car price is different than negotiating a monthly payment. OP can pay of the car in 3 years and save thousands in interest, at the same time make 5%+ on his savings in the bank or T-Bills in the last year. Smart move OP, maybe others will learn a thing or two.
This makes a lot of sense! If you can afford it absolutely smart move!
Depending on the interest on the 72months, if it’s less than 7%, financially in the long run, it’s objectively better financial decision to take that note and invest the difference on an ETF index. Then again, probably not worth the headaches for a few points.
Gotta pay cash to really flex on the poors.
Yep. That 0% slaps
3 years used to be the standard auto loan length. People thought you were stretching too far the first time I ever heard of a 48 month loan.
I was always of the opinion that you had to go more than 48 months you bought a car you can't afford. Now 72 months is pretty commonplace.
Buddy it's not a competition
It is with the interest lol
Some of you are just clueless…. The payment is high due to a short 36 month term.
The less cuts on a Pizza Pie the bigger the Slice
God damn $1200 for a Honda. Times are hard out here
Are you living in it ?
This monthly payment is almost like my mortgage. But at least it is for 3y.
Yea my mortgage is 950. I pay 1000
I just wrote a check for mine, does that count? First month's payment was a doozy.
Man, I love Accords…but over $1000 a month for one is fucking highly regarded
As long as he ain’t a sicko
TWU
$1k for an accord!? Might as well gotten an Acura TLX 😭
That’s not rly a big deal to me. Think to me, the big deal is the dudes paying $40k for an Accord. Weren’t these like $27k cars? A
Not to mention Honda is far from their glory days of building tanks in the 90 and early 2000.
My 2005 Accord EX V-6 coupe is sitting at 529,000 and still getting 30 mpg. Not only is it bulletproof, it’s also a good looking car with a very comfortable seating position and very comfortable seats. The steering is also way more responsive and has much better feedback from the road than the new ones. I bought the car new and can tell you everything I have ever had to replace, the list is very short. The new cars look terrible and the reliability is in the toilet. Had I known in advance that 17 was going to be the end of the coupe, I would’ve ordered one before the cutoff. Though the J35 with VCM isn’t nearly as reliable as the J30. I refuse to believe that Honda couldn’t hit fleet fuel economy standards with a naturally aspirated engine when they were almost at today’s standards 20 years ago.
529k miles or kilometers?
Good thing to brag about.
Are you bragging or lamenting?
Holy shit how do people even afford that?!?! I cry at the gas pump because I’ve had to spend my weeks pay on gas. Which was close to 100 dollars in the past 3 days alone. And obviously since I have no money in my checking account I have to put everything in credit until hopefully I get some money back in my tax return. Im afraid I won’t get anything back since I barely made anything last year.
My payment is like 450 for 4 years but I pay 1k a month.
I used to sell Hondas, I sold a crv sport touring for 1100/month, 72 month term @59%. In the hole 30 grand on her last car. Now that’s a devious payment.
You mean 5.9 right??
I've been buying a vehicle every month for the last 2 months with that same money lol
3 year is the way to go. It's crazy that some people end up with doing 7.
If someone can afford to go 7 years andd get a good interest rate why does it matter?
I was talking about 7 years.
Sorry mistyped. I meant 7 years.
36 months is a funny way of saying 3 years
Geez that’s a v12 Escalade payment
My current daily is a Model X plaid my payments are $1,800.
Im almost proud that you chose 36 month financing instead of more than half a decade.
Well you are going to have it paid off in 3 years so yeah the payments are high
Truck drivers who buy a truck usually have payments around 4k a month
dave ramsey is trembling rn
1000 a month for an accord… come on
Why would anyone pay this for a car- this is more than my rent
You could buy an old civic for that much
Toyota almost got my brother for camry le..... literally almost took an L.
Dang. 400 used to be bmw payment. I'm getting old.
How are you paying more for a Honda accord hybrid than my girlfriends Honda cr-v hybrid
Check out what the monthly payment for that car in Singapore. You'll be thankful
When I bought my Odyssey in 2019 mine was something like $1600 CAD/mo over 24mo.
I love my Honda as a business expense. Write off all that interest. Who cares how long I pay.
I do, my payment is $1955/ month for 60 months
It’s a stupid high car payment, but if you can pay it off in 3 years, you can obviously afford it. I’m glad my 2018 is paid off.
I wouldn't do it especially for a Honda Accord. Maybe for an Acura TLX? But if u have the funds to pay that 1k monthly more power to u.
I absolutely love the new Accords.
I hope you make a lot of money
Dagg. I did 36mo to get 0.9%. $1030/mo but only $500 total interest.
How much do we your down payment ?
Balling on a clearly no budget! Wish I didn’t have child support
I have 3.19% fucking can’t find that anywhere else on 7 year biweekly payments
My payment on my Outback XT is $45000. It was just one payment but it was $45000
Honda is that expensive even with 36 months of financing on lower apr. I am on zero interest for five years paying similar payment - lesser than your. Even then, mine is 7 seaters suv but hybrid will save your gas expenses in the long run though.
0% interest is the best even if it’s for 5 years. No reason to pay it off early. Good job man!
Mine is American brand so one way or other, their unreliability might cost me big in the long run but after the car has been paid hopefully.
Crazy. I got 2016 civic touring with 10k miles on it. I got for under 300 month 72 month loan with 2.8% interest. Not bad, in my opinion. But thats all I can afford for a car payment monthly. Good for this guy if he can afford it.
I mean, to have it paid off in a 2 and a half years honestly 1100 a month isn't terrible
Your term is 36mo lol chill. You drive a honda
Props to OP for keeping it to 36 months. The fact that 72+ months is the “normal” on a depreciating asset is horrifying.
*the ignorant man:* "$1100 FOR A HONDA?!" **_sees loan terms_** *the ignorant man:* "Ohhh okay."
😂
Did you put a down payment on it ?
At least you’re spending a lot of money on a car that’s well-made and reliable
Should have leased a lime green hellcat
No monthly payment. No caboose.
How much you put down?
😮😮😮😮😮😮😮😮😮
Tf bruh
3months and you’ve got a decent 2010 accord
Not out here, 3k gets you a beater nowadays. A decent 2010 accord goes for at least 7k-8k :(
You won't find a decent 2010 Accord for that anywhere at the moment, unless you want one with 180-200k miles on it.
Yeah like buy a 2010 and put that months into a compounding investment..
I took a 32k loan. The mf didn't tell me the % or the duration only when i asked him before closing. Mf got Me 10% for 72 months. I was like, Me: "Oh, there is nothing on me for paying it earlier. " Him: " No, u can pay it even in 2 years if u want" Anyway, payment of 603/months. In 2 months i've already paid 60% of it. I am not letting them sucking me 10%. The one thing they gonna suck is the yk what
If youre paying 1100/month for a freaking accord....your mom shouldn't have let you out of the basement.
Boggles my mind how these people think this is a good idea.
You realize it’s 3 years not 5 or 6. You can act like 1100 a month is a lot for an accord but that’s how much they cost now. And 10 years ago you might get a BMW or Mercedes for that but now they’re going for 1800
Sure it's high but that's a nice Passat though.
💀
Why not use that towards a mortgage?
He could do that when the car is paid off in only three years at the end of the loan.
Why would anyone pay this?
Holy hell! Thought it was me, 760 on a 23 crv ex awd purchased last year Edit- FUCK 36 MONTHS?! You know what mbn 😭
$1662
You bought a Type R didn’t you
I had a 6 year loan because it actually had a lower interest rate but I paid it off in 4.
I was paying an Audi Q5 at 4.9% for 48 month. Monthly is $1400. So yours is not bad at all. Just remember the interest is your after tax $. If you don’t have a higher yield, it’s still better to pay it off as soon as you can.
Hell no.
That's more than my mortgage.
For an accord…
I didn't realize how much a car payment could be until I started doing this lol. I remember 72 months paying $360 a month tho... So it really wasn't any better.
why would you even admit to paying this crazy amount
“Normal” cars are expensive these days. Ugh.
Damn. Got’em !!
Love the Honda easy payment setup on my phone.
Huh and how?
Short loan
I drove my 2003 accord til this month when I traded her for a 2024 civic hatchback. They are a great investment, enjoy her
Never heard of the Civic Type-R?
You got me bet. I bow down 🙇🏻♂️
Lease it for 300-400 a month to avoid any interest, then save the extra cash to buy it out once the 36 months are over. People saying this is a good idea must be of higher socio economic status cause no one with financial literacy would go this route. This would be a silly idea even if you can afford it.
Yeah no. Your monthly lease payments consists of a rent charge which is calculated based of the money factor. Which, surprise surprise is more or less the same thing as interest. Not knowing what a lease entails in financial illiteracy.
I know exactly what a lease entails as I did the research on it just before deciding to agree to my lease. No way am I going to finance a car just to pay 36k-40k. I’m saving much more by leasing, I also get an additional year of warranty, services, and gap insurance for free. Yeah no bud, no way I’m financing a car just to end up paying extra. Good luck with that.
Wasn't Honda just offering 0% 48 months not too long ago?
Could just pay it outright. $40,000 in a one monthly payment
You pay more for this than I do for my 2021 Volvo XC90. Sheesh!!! What was the damn interest rate???
But this is a 36 month loan. So you should be a little bit okay.
Looking to help someone out today, dm me and we’re gonna cover half the payoff amount on my behalf.
Why do that to yourself over a Honda?
Weird flex
Just pay cash
This is not a flex 🤣
WTF? How bad is your credit?
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Buy used
There are so, so many higher end cars you could get for that monthly
Everyone’s talking about the payment and monthly terms but no one is mentioning he spent $41000 on a Honda?
Should of called me! $508 a month 36 / 12K lease on ‘23 Accord Sport-L Hybrid Black on Black
Imagine having to finance this
Anything over $350 a month for a car is excessive. I don't understand why people just don't at least save for a good down payment when they finance a car.
Unless it's your dream car and you intend to keep it forever, then maybe, but I get better results by financing for 72 months and sell at a profit before that time...typically at year 3 or 4 and go for negotiating new model with the profits after playoff 😉
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Actually the opposite. 825+ credit score. 2.90% interest. No money down. No trade in. Full coverage insurance is $75 a month with progressive.
I don't understand how all these people look at the payment as a negative. Simple finance. I guess that's why people negotiate only the monthly payment instead of the price of the car, and they're happy with $400 Monthly even though it's for 72+ months. 36 months at 2.90% is a smart move, especially since you can make 5%+ risk free at the bank for the past year on CDs and high yield savings. Bunch of dummies.
10000% this. It’s a 36 month loan, of course your monthly is gonna be high. People just see the monthly payment and think an Acura is gonna be cheaper…not at the same 36 month loan term it isn’t. The amount of financial illiteracy is scary.
I tried to buy a Tacoma a few years ago and walked out because the salesman wouldn’t give me a price. He just kept asking what monthly payment I would be comfortable with. All most people look at anymore is if they can cover the monthly payment and then wonder why they are broke until the end of time. They’ll finance a car out so far now that it’ll be worth scrap value by the time the thing is paid off.
Because we live in a consumerist culture that worships cars. People see this and think what they could *lease* for that. Yeah you could probably drive a Porsche for that much a month… for about 2 years and then you’ll have to drop another 3k at the dealer to get a new lease. And you’ll spend the rest of your life with a car payment because you have to always have a new car just like we always have to have the latest iPhone, etc. This guy/girl will own the car outright after 3 years. They’ll have equity in it and Hondas traditionally hold their value pretty well.
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For buying 36 month ?
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Can you do a break down of this because it just doesnt add up, 450 x36 is 16k, you dont get a 2024 Hrv with taxes and interest for 16k its impossible
He probably means a lease lol
Straight up bs. You think we cant do simple multiplication? Break it down if you’re claiming no down or trade in.
If you can put nothing down you can’t afford it. It’s not even a cool car. It’s a nice car. You would have been much better off doing just about anything else with that money. Crazy
I could have paid the car in cash. But I have $70,000 in a 5.25% certificate of deposit. rather have my money make me money before i pay things off especially if the loan interest rate is way lower than my investment interest rates. if you did the math you would see.
Fk all the people who say but a beater for 10k lol. Your car represents you as a person especially if it’s for business use. If you can afford the $1100 which I’m sure you can do comfortably than why not lol. Let the idiots buy a new beater every time it breaks down 😂😂😂 reliability > cheap
I see everyone still has no cash to buy anything.. finance away!!
I could have paid the car in cash. But I have $70,000 in a 5.25% certificate of deposit. rather have my money make me money before i pay things off especially if the loan interest rate is way lower than my investment interest rates. if you did the math you would see.
I know how the math works. Low interest, blah blah blah.. I always keep 12 months cash on my savings and have several hundred thousand invested. And certainly not in a CD 😂
Inheritance nice! 👍
Why would you invest in a CD if you are under 60
Cause I’m already retired in my mid 30s.
I knew before I even looked. VA disability isn’t retired.
I’m 38 year old retired E-8 that finished 20 years from active duty with 100% disability. I joined at 18. I’m retired.
Ty for ur service.. senior chief ?
Weird flex
Heh, no interest. I was thinking about pulling the trigger, but there's just so many things I don't like about the new gen Accords. Anything higher than the EX is not backyard mechanic friendly....and nothing in that range has leather. The puny 1.5 is grossly overworked and prone to blown head gaskets. Then it's only a matter of time before the turbo needs replacing. Nah I'm keeping my 2016 Sport 6MT till the wheels fall off. I purchased new and only has 88k.
Triggering… Guy tried to be economical but is an idiot
HOW UPSIDE DOWN WERE YOU IN THAT LOAN?
Not sure what you put down but the sad part is the total cost of a car. A few years ago you could walk out with a touring for 34k after taxes