Im currently out of a job, hopefully not for too long but I keep seeing these little girls and boys, 16-17 years old driving 2009 Fits and I keep asking myself "how in the h*ll do they get the $$$ for this??"

I built a Fit Sport with nothing extra on Honda's website and with $0 down, the payment is $369.08 with 9% intrest... I put $3000 down and its $306... Now unless they are working just to pay for the car or there parents are helping them.... There must be something Im missing?

What are your payments & what was the price you paid for the car/ money you put down?

Thanks

 

Mine was about 18k and my payments are $302.

 

$208/month.

 

it isnt about the payments... its about the OTD price

 

i had my parents co-sign it, so i'm paying 238 a month. I'm able to pay for it cuz I still live at home and thats where my pay check goes too

 

Read Reako's post here:
https://www.fitfreak.net/forums/2nd-...tml#post616233

" By using your own financing, you won't endure monthly payment scams, and the deal will be based on the selling price of the car, not monthly payments. If they start negotiating the car by monthly payment, it's time to leave. "

There are lots of links in that post to help get you on the right track to getting what you need. Solbrothers is right, it's about the final price.

You can check around for deals on financing, if you know the final price.

And it's not just the payments, but check on your INSURANCE too, see johnjk's thread for the variety of rates people pay:
https://www.fitfreak.net/forums/gene...rate-high.html

Yes, you may see younger people with the cars. But as kingofpicklez says, living at home has it benefits. So the money that is earned can go to the payment and/or insurance.

Remember also that there is a big discount on multiple vehicles or multiple policies. Like my insurance company would give me a break on what I pay if I have another car, or a renter's or homeowner's policy.

So if you have a younger person living at home who has the car on the parent's heavily discounted group of policies, yeah, they can afford the car and the insurance.

And the younger folks are real smart in getting the FIT right off. That car should last them a good 10 years if they are careful. So they can put their future earnings into getting a home of their own or an apartment or continue their education.

 

mine was $333 a month now i have a S and its closer to $600 a month oh and i have my own apartment and still save $500 a month. But im 24 i should have stuck with the fit i could have saved another $300 a month.

 

I paid MSRP, put $1400 down, and at 4.99% (or maybe 5.49%, I can't remember) for 66 months, I'm paying $330 a month.

 

What was your MSRP for it and that's not bad for a fit with navi.

I'd like to get mine under $300... I may wait a little longer and try to find a lightly used 09 Fit. ='/

Give's me more time to save I guess.

Ill talk to my parents, I'd rather have it in my name though, for credit purposes.

 

09 base with gap and warrenty no money down 358 a month 5yr

 

If your paying 9% on a new car your doing something wrong

 

$17041 OTD price
$5000 down
4.59% rate

= $227/month payment

 

What did you guys put as a down payment? especially you kroze!!

 

I just did 9% because that's what they had on honda's website, I assumed that was "average"

 

I have an '07, but am I the only one who paid cash?

 

Most likely

 

$17,500 OTD
$2,000 down payment
5.75% through Navy Federal Credit Union

$277 a month

As for the kids you see around, who cares? Someone half your age makes more money than you. It's going to get worse the older you get. No point in getting upset (jealous) about it.

 

I bought an 08 Sport 5-speed new, I paid it off in 3 months, didn't buy it cash but close enough.

 

$17500 OTD
$5000
5.39%

$244 a month... but im putting an extra 200 each month on top of that to get it paid off quicker...

 

I put 2k down. You're probably looking at my age too, but I pay for it myself as well as my apartment along with various other bills.
It really depends on your situation I believe.