How much is the monthly payment of your fit?
#82
249 a month @ 1.9 for 60 months. Financed 14k. Got 12k for my 09, paid off the outstanding 6k on the 09, put the balance 6k towards the 2012.
The 09 loan was 180 a month. With a cc loan being paid off in a few months, it's a push, only I'm driving the car I've wanted since day one now.
The 09 loan was 180 a month. With a cc loan being paid off in a few months, it's a push, only I'm driving the car I've wanted since day one now.
#83
365/month, 3.6%, 6 years. Extended warranty and car came with a few dealer installed items. Not the best deal in retrospect, brut happy to have a car that won't leave me stranded I plan on paying it off on 2 year anniversary of purchase.
Last edited by Euromedic; 02-28-2012 at 01:08 AM.
#88
High interest rate is no surprise for folks with little to no credit history, such as the case with me. I would guess it would be similar for folks with bad credit history. Along with no co-signer for either case.
By the time I bought my Fit, I "should" have had 14 years of credit history... but when I turned 18, I got a letter for a "pre-approved" credit card. I filled it out, and sent it in. But it got denied (funny, wasn't it "pre-approved"?). Ever since then, I relied completely on cash and debit cards. That is until about the end of 2009, when I decided to look for a car. Couldn't get a loan, so I got my first credit card with my bank (secured, needing deposit). A year later, I got the Fit (my CC got unsecured, deposit returned). 5 months after that, I paid off my car.
#90
Unfortunately I had to file medical bankruptcy last year and am still trying to rebuild my credit. I plan on refinancing but I've only had the car 3 weeks so far lol. I know the interest is high but I had to have the car
#92
Were you falling behind in payments?
#93
$304 a month for 60 months.
Only pay half as the other half is played by an employer since the car is "fuel efficient" to their standards. Kind of a nice little benefit. The only downside is I usually like to pay cars off early, but I ran the numbers and it will cost less out of pocket to run the full term and maximize the money paid by the employer.
EDIT: Just saw this is a GE thread. My data is probably a little less useful.
Only pay half as the other half is played by an employer since the car is "fuel efficient" to their standards. Kind of a nice little benefit. The only downside is I usually like to pay cars off early, but I ran the numbers and it will cost less out of pocket to run the full term and maximize the money paid by the employer.
EDIT: Just saw this is a GE thread. My data is probably a little less useful.
Last edited by Funkster; 03-05-2012 at 06:35 AM.
#94
Nope. Desired to pay more towards my higher interest school debt. So I extended the term (at a better rate) of my care note and cut my payment in half, freeing up an additional $120/mo to put to those school loans. Overall, will end up paying less interest, just more on my car note. Make sense?
#95
Nope. Desired to pay more towards my higher interest school debt. So I extended the term (at a better rate) of my care note and cut my payment in half, freeing up an additional $120/mo to put to those school loans. Overall, will end up paying less interest, just more on my car note. Make sense?
#98
My 2012 Fit Sport 5AT is $333.44 for 6 years at 3% interest. By far the most expensive car note I've had, but unlike past cars, I love this car so much and intend on keeping the Fit well after its paid for.