Looking way back (I'm probably at least 30 years older than the poster), I suggest you switch your internet interests from cars to personal finance. Start with The real reason you're broke - MSN Money. After that try getrichslowly.org.

Transitioning to a Honda Fit is an excellent choice, but there are other life transitions you need to consider.

My two cents. And, yes, I learned the hard way.

 

thanks for the links i'll read up, last questions since there's not much traffic it looks like today..

making double payments vs making normal payments and saving money, i'm about 20 payments into a 60 month loan

 

So you are a third of the way through.

If your loan is a simple interest loan than you may paying your Annual interest rate on a daily basis.

So double the payment for 20 you are saving yourself more than 50% of the interest you would have paid.

Each month only so much interest is acrueled.

Say your payment is $250, and $50 is interest.
Your paying $200 of the principle.

Say you pay $500 on your $250. You just knocked off $450 of the principle and lowering the amount of interest you'll pay next month.

I hope this helped but basicly, over paying your payment is always best!

BGS

 

I second that--keep that girl for sure. My g/f pretty seriously helped bankroll our social life (dinner, going out, etc.), and was willing and ready to eat my cooking for three months while I saved-up for for my fit. She also walked everywhere with me as I had no car for a bit.

When that Fit Hybrid comes out (well, probably a year or so after), she'll be taking over my Sport for sure.

Good luck on getting a Fit!

-P

 

Hmm i would say keep it for a while and save up some more. But if this car keeps braking down and costing u a alot of money to fix wheel than tade it in and get a fit. But try and get something used. I bought my car new and now i owe about $9k more than its worth right now. U loose so much on a car in the first 2 years so buy a car from 07 right now and its already lost most of its value. I will never buy new again and i will always buy 2 years old in good condition now. But i am paying more on it than i have to to try and make it to where i owe less on the car than its worth