Is $350 a month a lot for a 2005 honda civic?
#1
Is $350 a month a lot for a 2005 honda civic?
I am asking because I just got married and my wife has a civic and that is what she pays. Thanks!Yes it was purchased brand new and she didnt put anything down. It was her first car to purchase.
#7
Monthly payment amounts don't matter as long as you can afford them. The important ? is 'How much did she agree to pay for it, and what is the interest rate?' These will determine how much the car costs overall, which is the important thing.
#8
In my opinion that is not a lot for most any car. I have a 2006 Civic which I pay over $500 for. It is a hybrid and I do save in gas (about 45 MPG). We need to know if this was purchased new or recently used and what the price was at the time of purchase, the interest rate and the length of the loan. The main thing is the price and if it was fair at the time of purchase. If the interest rate is less than 8% and the length of the loan is 5 years or less, then the monthly payment is quite fair, considering many cars lease for that amount and you have to either buy or surrender the vehicle at the end of the lease period.
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