I owe 3 more years on my fit, but am paying an extra 80 bucks a month to try and pay it off faster. I've considered trading in for a new CR-Z or possibly trading it in to a gently used Honda Certified S2000. (paying more for more peace of mind is ok to me)

Every time I try to think of a way to have the best of both worlds I just come back to.. paying the fit off asap (keep the fit for dd because it's freaking awesome to me), then worry about a more fun (weekend) ride for auto-crossing and whatnot.


I had an ok credit score, but this was my first loan (aside of college loans), and I had no credit history. I got freaking hosed on my APR (10%). I also bought the car right smack in the onset of the huge 2008 credit crisis at the end of 2008., so that didn't help the APR either. Anyway, the incentive to pay this sucker off early is very high.

Once it's paid, I plan to buy an s2000 a lot like yours, but probably a different color.

Edit:
I'll also be damned if I ever pay more than 5% apr on a future care purchase once this one is paid off either. I have a gut feeling that the financing dude got me cuz he knew I wasn't gonna walk on him. I preordered the car to my preferences, and it was my first new car. He had to be licking his chops.

 

Good choice. I don't think there will ever be another car like it. The last of a dying breed.

 

just keep it.

 

Just checked my new insurance will cost me $178 a month not bad for 3 cars on it

 

I'm trying to keep catch up with you on the cars lol. Not really only 1 of my cars is nice.

 

Make sure all that extra your paying is going twoards PRINCIPAL only... no need to pay extra interest. Just FYI most people know about this, but you never know

 

Yea i know i pay $377 a month right now only $300 of that goes towardthe principal. Im thinking i put $400 a month right now just into spending money so i was thinking taking $200 of that and puting it toward the car payment so a total of $500 a month would come off the principle should be able to pay it off in about 3 years this way

 

you pay less for 3 cars than i do for one. fml.

 

Pay off the CR early and keep it, as unmolested as possible. It will be worth money down the road, and you can enjoy it until then. You have the beater cars to take the load off the S2K, enjoy it for what it is. If you sell it now you will probably fall off track and buy something else in the short term anyway.

 

Yea ^^ thats why im keeping it now. I think if i sell it i wold be nice to be debt free but im scared i will get board and end up buying another new sports car to replace it and end up spending more than i would have if i just keep the CR.I mean thats what happend when i owened the fit i got board and bought the S2000. So i will leave her for weekends and keep the milage low once its paid off i will have a nice fun car with now miles that i know how it was taken care of seeing im the first owner. Im saving up for some wheels right now and a better alarm

 

Dam for real man u pay that much for the fit