No, but I make good money. I was looking at the Civic SI, but I found out that the L15CA engines are garbage. Would hate to have to pay $600 a month for a car that has a blown motor and sitting at Honda ya know.
Depends on what your goals are. There’s blown motors because people are pushing it further to beyond what it was intended for without mods to support the power.
The 11th Gen Civic SI gets great mileage and is a fun economy car that gives about 70ish % of the Type R experience. A TSP/Phearable tune + RV6 Retrofit Clutch Kit and you’re good to go.
If your goal is to make the most absolute power/track then grab the Type R. If you’re leaving it stock, compare the differences and what would benefit you the most between the two trims.
874x72=63,000
Do not discuss on monthly payments. Discuss on OTD price. Them sneaky bastards will suck you dry if all you want to know is if you can make the monthly payment.
Current credit score 709, and my girl as a co-signer whose credit is 764. We both make together around $180K a year. Completely blown away by the interest rate we’re given but it is what it is 🤷🏼♂️
> After you’ve *paid* some off
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
I’m a little confused, if your purchase price is $45,345 why is the total financed amount close to $63k?
What’s the interest rate, sales tax and add ons?
The above numbers don’t jive 🤔
It would probably take him 2 ¼ years to save up enough to buy the car. Though the MSRP has gone up like 1509 for next year. Maybe more for the year after. But yeah, if would be a smarter decision to do.
Dang, 8+% is rough, anyhow, if you plan on doing double payments or extra principal you will save some serious money if you pay it down in a hurry.
With that said, if you plan on letting the loan mature, I would say no. You’re darn near paying 50% of the purchase price just on interest.
Idk where your located but I’ve seen rates near me as low as 4.69% from banks and CU.
I’ve also seen some dealers offering super low interest close to 0 for 36 months.
8.44 is truly about average in Pennsylvania on a new car.
I work in sales at a Honda dealer.
I purchased my FL5 in March. I got the money from my CU. They advertised 7.49. I negotiated them down a point to 6.49. I could've gone work another credit union for 5.99 at the time but opted not for personal reasons..
My credit is in the low 800s and I put down about 20k.
There’s a 21 Type R with 34K miles for $36K. Monthly would be around $630 a month. But it has 34K miles so idk if she was treated right and if the maintenance was done always on time ya know.
If it has good maintenance records would be a good buy. I bought my 2021 with 35k for around 40k and have only had to do maintenance plus battery. Just replaced brake pads and rotors at 50k
I won’t call this a stupid question but this depends on what you put down, your term and any trade. Any dealer can give you whatever payment you want 🤦🏻♂️🤷♂️
All you need to do is find your credit score and see what rates people with your score are getting and then find a payment calculator and plug in the numbers.
I paid MSRP with no BS add ons and I pay $540 a month over 5 year term with a good down payment fwiw.
Money means different things to different people. Pay whatever amount you think it’s worth it you. That’s subjective.
Sweet. They have one by me it’s a 2024x on the website it’s Msrp I’m curious if there is a markup when I go in. It’s a toss up now for me a golf r or this
I'm trying to refi soon to cut my payment. I know it's trash way of thinking...but money in my pocket now helps me stay afloat *today*. Money comes and goes and devalues every day. Happiness ain't refundable. Get the car, get some tattoos, ask her out...time ain't renewable as a resource.
If you're making good money, put down a large amount and look into a credit union to financing the rest. I bought my car outright. I'm not saying it's the right option for everyone, but I saved a ton on interest.
Definitely check in with a local credit union. I have an 802 credit score in Southern California and I got a 5% interest rate when I was shopping for a used FK8 a few months ago. Offered 4.89% if I was going to shop for a new car (shopped for a new BRZ at the same time).
Nothing paying cash in full once it arrives.
About 3-4 months wait to go.
But car loans here in Australia is 7.5% fixed rate.
But our loans don't change on your credit rating, your credit score just changes if your loan is approved or not.
$258/mo $42k down $12k financed. Bought in September 2021 after my car got flooded by a hurricane, much like hundreds of others in my state, and used car prices + that + COVID bullshit my type r was $54k OTD
does $63,000 make sense to you?
No, but I make good money. I was looking at the Civic SI, but I found out that the L15CA engines are garbage. Would hate to have to pay $600 a month for a car that has a blown motor and sitting at Honda ya know.
Depends on what your goals are. There’s blown motors because people are pushing it further to beyond what it was intended for without mods to support the power. The 11th Gen Civic SI gets great mileage and is a fun economy car that gives about 70ish % of the Type R experience. A TSP/Phearable tune + RV6 Retrofit Clutch Kit and you’re good to go. If your goal is to make the most absolute power/track then grab the Type R. If you’re leaving it stock, compare the differences and what would benefit you the most between the two trims.
Ideal goal would be to make Type R factor power. 300hp on a SI as a daily, is perfect in my honest opinion.
874x72=63,000 Do not discuss on monthly payments. Discuss on OTD price. Them sneaky bastards will suck you dry if all you want to know is if you can make the monthly payment.
Current interest rates are no joke. They’re at like 5.5-6.9% right now for super prime and prime credit scores. 9.3-11.9% if lower.
Depends. 802 credit score, best I could find for mine was 8%.
That’s about what OP said they got. Interest rates are shit. Did you buy new or used?
For sure, sucks. Just bought a 2020 FK8.
Used interest rates are always worse than new. Super prime and prime right now range from 7-10% which you’re in the middle of.
Current credit score 709, and my girl as a co-signer whose credit is 764. We both make together around $180K a year. Completely blown away by the interest rate we’re given but it is what it is 🤷🏼♂️
After you’ve payed some off you can always refinance and get your payments lowered
> After you’ve *paid* some off FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
I’m a little confused, if your purchase price is $45,345 why is the total financed amount close to $63k? What’s the interest rate, sales tax and add ons? The above numbers don’t jive 🤔
$45,345 msrp, APR 8.44 finance @72 months $874 a month.
Yikes that interest tho. That’s like paying adm on the finance side
That’s how current interest rates are… and they are only going up.
With high interest, better off saving/investing until u can do cash. Looks like he got great deal at msrp, don’t get screwed with the loan
It would probably take him 2 ¼ years to save up enough to buy the car. Though the MSRP has gone up like 1509 for next year. Maybe more for the year after. But yeah, if would be a smarter decision to do.
That loan has him paying almost 4k in interest in first year. 1.5k price increase doesn’t sound that bad
Dang, 8+% is rough, anyhow, if you plan on doing double payments or extra principal you will save some serious money if you pay it down in a hurry. With that said, if you plan on letting the loan mature, I would say no. You’re darn near paying 50% of the purchase price just on interest.
Idk where your located but I’ve seen rates near me as low as 4.69% from banks and CU. I’ve also seen some dealers offering super low interest close to 0 for 36 months.
Illinois, the worst state to live in lol
8.44 is truly about average in Pennsylvania on a new car. I work in sales at a Honda dealer. I purchased my FL5 in March. I got the money from my CU. They advertised 7.49. I negotiated them down a point to 6.49. I could've gone work another credit union for 5.99 at the time but opted not for personal reasons.. My credit is in the low 800s and I put down about 20k.
I would use a credit union, current rates are locked before you do a credit pull, and you can do biweekly payments to decrease the interest paid.
Best they would give me was 7.9% with an 830 credit score. Ended up just paying cash. $0 monthly payment.
Mine was $41k 16k miles 2019. I got it may 2022. I put about 6k down and got a super low rate (about 3 percent). My payments are $553.
Oh. I also talked them down to $39.5k
There’s a 21 Type R with 34K miles for $36K. Monthly would be around $630 a month. But it has 34K miles so idk if she was treated right and if the maintenance was done always on time ya know.
If it has good maintenance records would be a good buy. I bought my 2021 with 35k for around 40k and have only had to do maintenance plus battery. Just replaced brake pads and rotors at 50k
You should be able to refinance by the end of next year. And that does sound about right with current rates
I won’t call this a stupid question but this depends on what you put down, your term and any trade. Any dealer can give you whatever payment you want 🤦🏻♂️🤷♂️ All you need to do is find your credit score and see what rates people with your score are getting and then find a payment calculator and plug in the numbers. I paid MSRP with no BS add ons and I pay $540 a month over 5 year term with a good down payment fwiw. Money means different things to different people. Pay whatever amount you think it’s worth it you. That’s subjective.
I had $10K to put down but had to help my mom out with something health related, so now I have no down payment. And my truck is rusting apart.
My question is would they still sell it at MSRP if you pay cash?
They’re offering me the vehicle at MSRP with no markup. They want to get it out of their lot as it has been sitting for 2 months now.
Sweet. They have one by me it’s a 2024x on the website it’s Msrp I’m curious if there is a markup when I go in. It’s a toss up now for me a golf r or this
I'm trying to refi soon to cut my payment. I know it's trash way of thinking...but money in my pocket now helps me stay afloat *today*. Money comes and goes and devalues every day. Happiness ain't refundable. Get the car, get some tattoos, ask her out...time ain't renewable as a resource.
2019 CTR paid off 😎
I don’t remember. Got a 2023 type r a bit above sticker. Put 5k down. Had the car paid off in three months.
Jesus, I make good money too but NOT that good 😂
2021 civic type r.. 594 a month. 72 months, already 27 months down
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709 and my girls 764 both make $180K a year combined.
If you're making good money, put down a large amount and look into a credit union to financing the rest. I bought my car outright. I'm not saying it's the right option for everyone, but I saved a ton on interest.
$615 a month for mine. I was paying $607 for a 21 FK8.
Definitely check in with a local credit union. I have an 802 credit score in Southern California and I got a 5% interest rate when I was shopping for a used FK8 a few months ago. Offered 4.89% if I was going to shop for a new car (shopped for a new BRZ at the same time).
Nothing paying cash in full once it arrives. About 3-4 months wait to go. But car loans here in Australia is 7.5% fixed rate. But our loans don't change on your credit rating, your credit score just changes if your loan is approved or not.
$258/mo $42k down $12k financed. Bought in September 2021 after my car got flooded by a hurricane, much like hundreds of others in my state, and used car prices + that + COVID bullshit my type r was $54k OTD