$11k for a 01 s2k with 20k miles on it?...
Joined: Jan 2003
Posts: 1,059
Likes: 0
From: NoVa
[QUOTE]Originally posted by Accord98
[B]
...and dashing out 30'ish gran for a 03 model is alot for a 17 yr old kid...but hopefully it's gonna be my birthday present (downpayment,loan) gonna have to pay the monthly bills my self.
[B]
...and dashing out 30'ish gran for a 03 model is alot for a 17 yr old kid...but hopefully it's gonna be my birthday present (downpayment,loan) gonna have to pay the monthly bills my self.
Thread Starter
Registered User
Joined: May 2003
Posts: 210
Likes: 0
From: Cape Coral
well how does this sound..
accord trade in- atleast $6,000
saved money- $7,000
plus whatever my dad's putting out.
what will my monthly payments be then?..
what do u suggest for best term?...30month? 42month?...60month?...
accord trade in- atleast $6,000
saved money- $7,000
plus whatever my dad's putting out.
what will my monthly payments be then?..
what do u suggest for best term?...30month? 42month?...60month?...
Joined: Jan 2003
Posts: 1,059
Likes: 0
From: NoVa
assume that you're out the door price for a new '03 will be $33K. your financed amount needs to be at or around $15K in order to have payments at $300/month for 60 months. i personally prefer the longest term (# of loan months) available, even if you CAN swing the larger, short-term payments. remember that the 36 month note is going to $5XX/month. i'm not talking about 72, 84 or 96 month loans... the S just isn't expensive enough. i prefer the extended period because you can get ahead of the payments and have a safety net should your financial condition change for the worse. make sure that the loan doesn't have any prepayment penalties. and be sure to figure in a pretty hefty chunk of change for insurance.
good luck.
good luck.
Registered User
Joined: Jul 2003
Posts: 6,029
Likes: 3
From: Dallas
I just turned 18 and the insurance for my S is 3000 a year. Of course I dont have insurance under my name lol, the car is enough already for me to pay so Its under my moms name (which is the same as mine) and life goes on. Good luck affording the S
The payments are killing me already.
The payments are killing me already.
Thread Starter
Registered User
Joined: May 2003
Posts: 210
Likes: 0
From: Cape Coral
but wont that insurance only cover ur mom?...
if lets say u got into a accident....the insurance company wont pay for the damage...because someone in the house hold is driving that car...not the person that insuranced right?..
or am i wrong?...
if lets say u got into a accident....the insurance company wont pay for the damage...because someone in the house hold is driving that car...not the person that insuranced right?..
or am i wrong?...
Registered User
Joined: Oct 2000
Posts: 4,762
Likes: 1
From: Sheridan
[QUOTE]Originally posted by SpeedxRacer
[B]I just turned 18 and the insurance for my S is 3000 a year. Of course I dont have insurance under my name lol, the car is enough already for me to pay so Its under my moms name (which is the same as mine) and life goes on. Good luck affording the S
[B]I just turned 18 and the insurance for my S is 3000 a year. Of course I dont have insurance under my name lol, the car is enough already for me to pay so Its under my moms name (which is the same as mine) and life goes on. Good luck affording the S
Thread
Thread Starter
Forum
Replies
Last Post
tommygun124
New York - Metro New York S2000 Owners
21
Aug 29, 2013 07:53 AM