Honda Releases Type R Exclusive Look Video

313298755_665738731883768_482654200083836246_n.jpg
 
That’s the one I mentioned. That pic has been floating around.
 
I’m reiterating, ouch. Person is trading in a $30k (actually upside down on trade) that hasn’t been paid for, so they’d be up to finance $75k. Then there’s the interest rates at 9%.
 
20k dollars down payment
9% interest for 6 years
a thousand dollars a month car payment
yikes

office.gif
 
bootyluvr said:
As long as you have a daily for winter ;)
Click to expand...
true, but every year i find it dumb that i store it.

speaking of winter beater. its at the body shop getting the rocker fixed for free due to previous owner buying extended warranty for corrosion. they called a couple days ago and offered to fix the rear quarter damage for $300 so i had to say yes to that.
 
bootyluvr said:
That's the norm these days... :rolleyes:
Click to expand...
9% interest is definitely not the norm. Go look up new car loan rates from your bank or credit union online and view their advertised rates. 9% is definitely due to poor credit, and this is before the .75% fed interest rate increase that was just imposed.
 
here we go (after the .75% fed rate hike)

1667530243153.png
 
webby said:
9% interest is definitely not the norm. Go look up new car loan rates from your bank or credit union online and view their advertised rates. 9% is definitely due to poor credit, and this is before the .75% fed interest rate increase that was just imposed.
Click to expand...

I meant the $1k/month payment. Not so much the interest rate.
 
bootyluvr said:
I meant the $1k/month payment. Not so much the interest rate.
Click to expand...
1667614290600.jpeg

Blame new car prices? As car prices continue to rise, you’ll just increase monthly payments (or extend them out longer). Average purchase price of a new vehicle pulled from dealer sales transactions (Kelly blue book data)
 
Some people just like getting new cars more often. I’ve known a few people and friends that always lease cars and get another lease at the end of the initial lease terms. Basically a new car every 2-3 years and always having a car payment.
 
Nomar06 said:
Some people just like getting new cars more often. I’ve known a few people and friends that always lease cars and get another lease at the end of the initial lease terms. Basically a new car every 2-3 years and always having a car payment.
Click to expand...

Yeah unfortunately that's the new-norm now... People rather have a car payment forever than own a car longer than the loan term (5 years or whatever they choose). I feel like 5 year car loan these days isn't common anymore.
 
It’s “2023” Honda! Get your poop together and learn how to get all panels to match one color.

3416DDAB-87E5-4A4E-B482-7AB02A548751.jpeg31123DF2-86BA-41B1-B167-7A5DF7782EA3.jpegA9A84626-6A32-474D-8C5E-5E77008036D0.jpeg
 
You must log in or register to reply here.
Back
Top