S2000 Talk Discussions related to the S2000, its ownership and enthusiasm for it.

Down Payment.

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Old Apr 6, 2008 | 03:18 PM
  #21  
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Originally Posted by shotiable,Apr 6 2008, 02:24 AM
i paid around 2,000 for my down payment. i financed $35,000 my interest rate is 7.15%. my monthly is 554 and some change. i'm covered by honda care and have gap insurance. i'm a first time buyer.

its all about who you know in the finance department.
You paid 37K?

Did you roll what you owed into your new loan?

Looks like you didn't know anybody in the finance dept.
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Old Apr 6, 2008 | 03:18 PM
  #22  
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nice your profile says you're an owner already! when'd you pick it up? how do you like it?
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Old Apr 6, 2008 | 07:33 PM
  #23  
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mine was very similar price..
22,000
i downed 8g and got a rate of 1.9%
60mo.

after taxes and shit.. i'm paying $290 or so.

btw.. is it 22.5 AFTER taxes or BEFORE?
because it'll make a big difference.
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Old Apr 6, 2008 | 08:56 PM
  #24  
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Originally Posted by tomcrane,Apr 6 2008, 12:29 AM
I got in when Honda was having a super low interest rate on all CPO s2000's ...

got my 05 with 12k miles - CPO with lojack and rear lip for 21k OTD at 4.9% for 60 months... put 2k down
Damn...

Anyway, 9%? Christ, even I got 7.9 and didn;t even need to verify my income ("unemployed" at the time), but it still stung after getting 3.9 on my civic. Get a cosigner otherwise from an investment perspective it'll make more sense to pay cash unless you could achieve better returns than 9% (given the low prices in the market, very possible).
And man, might want to give 21st a call about your insurance man.
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