How much is the monthly payment of your fit?
249 a month @ 1.9 for 60 months. Financed 14k. Got 12k for my 09, paid off the outstanding 6k on the 09, put the balance 6k towards the 2012.
The 09 loan was 180 a month. With a cc loan being paid off in a few months, it's a push, only I'm driving the car I've wanted since day one now.
The 09 loan was 180 a month. With a cc loan being paid off in a few months, it's a push, only I'm driving the car I've wanted since day one now.
365/month, 3.6%, 6 years. Extended warranty and car came with a few dealer installed items. Not the best deal in retrospect, brut happy to have a car that won't leave me stranded
I plan on paying it off on 2 year anniversary of purchase.
I plan on paying it off on 2 year anniversary of purchase.
Last edited by Euromedic; Feb 28, 2012 at 12:08 AM.
High interest rate is no surprise for folks with little to no credit history, such as the case with me. I would guess it would be similar for folks with bad credit history. Along with no co-signer for either case.
By the time I bought my Fit, I "should" have had 14 years of credit history... but when I turned 18, I got a letter for a "pre-approved" credit card. I filled it out, and sent it in. But it got denied (funny, wasn't it "pre-approved"?). Ever since then, I relied completely on cash and debit cards. That is until about the end of 2009, when I decided to look for a car. Couldn't get a loan, so I got my first credit card with my bank (secured, needing deposit). A year later, I got the Fit (my CC got unsecured, deposit returned). 5 months after that, I paid off my car.
Were you falling behind in payments?
$304 a month for 60 months.
Only pay half as the other half is played by an employer since the car is "fuel efficient" to their standards. Kind of a nice little benefit. The only downside is I usually like to pay cars off early, but I ran the numbers and it will cost less out of pocket to run the full term and maximize the money paid by the employer.
EDIT: Just saw this is a GE thread. My data is probably a little less useful.
Only pay half as the other half is played by an employer since the car is "fuel efficient" to their standards. Kind of a nice little benefit. The only downside is I usually like to pay cars off early, but I ran the numbers and it will cost less out of pocket to run the full term and maximize the money paid by the employer.
EDIT: Just saw this is a GE thread. My data is probably a little less useful.
Last edited by Funkster; Mar 5, 2012 at 05:35 AM.
Nope. Desired to pay more towards my higher interest school debt. So I extended the term (at a better rate) of my care note and cut my payment in half, freeing up an additional $120/mo to put to those school loans. Overall, will end up paying less interest, just more on my car note. Make sense?
Nope. Desired to pay more towards my higher interest school debt. So I extended the term (at a better rate) of my care note and cut my payment in half, freeing up an additional $120/mo to put to those school loans. Overall, will end up paying less interest, just more on my car note. Make sense?
My 2012 Fit Sport 5AT is $333.44 for 6 years at 3% interest. By far the most expensive car note I've had, but unlike past cars, I love this car so much and intend on keeping the Fit well after its paid for.



