ypically the interest rate on a new-car loan is lower, and you can get a six-year loan...as much as buying a car on payments is a sucker bet, it can make budgeting easier.
I got my Fit new, with financing from Honda: zero point nine percent over five years. At that rate I didn't quibble over sticker price. A Honda dealer's margin on a new Fit is about $500. I'm paying less than that for the total interest.
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timeasmymeasure
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Date: 2014-01-22 09:36 pm (UTC)I got my Fit new, with financing from Honda: zero point nine percent over five years. At that rate I didn't quibble over sticker price. A Honda dealer's margin on a new Fit is about $500. I'm paying less than that for the total interest.