How much is the monthly payment of your fit?
asking this because my dad is paying $500 per month for the fit. very expensive.
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Originally Posted by boyFIT11
(Post 1070281)
asking this because my dad is paying $500 per month for the fit. very expensive.
How long is the loan and for how much to start with. |
More important than monthly payment is the interest rate and terms of the loan. $500 a month is not "expensive" if the interest rate is low and the loan is for a shorter term. Plenty of people get car loans that look "inexpensive" on a monthly basis, but in a few years they owe much more than the car is worth.
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Mine is...
Originally Posted by boyFIT11
(Post 1070281)
asking this because my dad is paying $500 per month for the fit. very expensive.
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Jeeez. 7 years at 400/month? That seems REALLY wrong.
That's like 30k + |
Originally Posted by mike410b
(Post 1070307)
Jeeez. 7 years at 400/month? That seems REALLY wrong.
That's like 30k + Which is a good idea, but not in the spirit of the thread :p |
I would gladly post what my monthly payment is and for how long...but then you would see that in the end, I let Renton Honda violate my anus :(
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$279/mo x5 years
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I pay about 100 bucks a month.
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298/month x 60 months @ 0.9%. My checking account pays better rates than that.
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$288 a mo for 5.5 years
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I am paying 192.00 a month on a five year loan that I am getting ready to pay off in full as soon as I get my tax return. I traded in a 1996 Ford Ranger XLT on the deal with around 130,000 miles and put $5,000.00 down plus paid my taxes. I got a really low interest loan through my credit union which helped but the best part is they were able to break up the payments so I only paid $96.00 every 2 weeks. I checked on the pay off the other day and to pay off in full it will be $570.00 which will save me nearly 300.00 if paid off early.
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Originally Posted by boyFIT11
(Post 1070281)
asking this because my dad is paying $500 per month for the fit. very expensive.
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$0 down, 0.9% financing, $333.32/month for 5 years
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I had a HUGE down payment... $13.5k (it was the most I could put down, because they won't finance less than $5k)... which left me with about $140 per month payment over 5 years. Yeah, I had originally added an extended warranty... and of course I had close to 10% apr due to my credit (originally 12% before adding the warranty).
Eventually, I cancelled the extended warranty (refunded DIRECTLY into the principal), and paid $500 every chance I got... and my last payment, only 5 months after getting the Fit was just over $1k (to finish it off). Overall, I paid $200 in interest... instead of the $2,000 it would've been had I let it go all 5 years. My interest technically went up once I cancelled the warranty, as that was part of the financing deal (lower apr with the warranty). But, by then... I had paid enough off, that the difference was minimal. |
$377 a month for 5 years. $2k down payment. Plus $200/month for insurance.
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$0 down, 0.9% financing, 60 month term. About $15800 the Fit Sport 5mt.
$311.18 per month including full coverage insurance. |
$3000 down, 1.9% financing, 60 months, $314 a month. Car was about $18k after tax / license minus the down.
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$247 a month (sometimes I pay more, sometimes less). 3.9% APR through Honda. I think it was 36 months but I could be wron on that since I plan to pay it off after 12 or 13.
I put $9,500 down and financed the rest, partly because my money was tied up in a CD at the time but mostly to establish some credit, since I have almost always bought everything in cash (have had a $500 credit card for a while, but hardly use it). I figure someday I will need a morgage so I should work on it. By the way, it is funny to see the sales peoples faces when a 21 year old walks in, wants to buy a new car and put almost 10k down. :D |
Originally Posted by x_25
(Post 1070531)
$247 a month (sometimes I pay more, sometimes less). 3.9% APR through Honda. I think it was 36 months but I could be wron on that since I plan to pay it off after 12 or 13.
I put $9,500 down and financed the rest, partly because my money was tied up in a CD at the time but mostly to establish some credit, since I have almost always bought everything in cash (have had a $500 credit card for a while, but hardly use it). I figure someday I will need a morgage so I should work on it. By the way, it is funny to see the sales peoples faces when a 21 year old walks in, wants to buy a new car and put almost 10k down. :D |
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