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Is $350 a month a lot for a 2005 honda civic?

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Old 08-27-2007, 12:00 AM
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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.
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Old 08-27-2007, 12:48 AM
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Yes!!!
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Old 08-27-2007, 10:08 AM
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I think it is. I have a 2005 CRV and I pay 333 per month. Are you leasing or financing? I am finacing and I made a down payment of about $5000.
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Old 08-27-2007, 10:30 AM
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I think thats good. I have an Acura and I pay 520.
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Old 08-27-2007, 10:50 AM
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Depending on the length of the loan, that could be a very high amount. If it was recently consolidated, that's a little more reasonable, but generally, yes, that is A LOT per month.
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Old 08-27-2007, 12:30 PM
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seems like a lot - if she owns it, try trading it in...if its a lease you're stuck until the lease is up.
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Old 08-27-2007, 03:42 PM
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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.
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Old 08-27-2007, 03:45 PM
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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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Old 08-27-2007, 09:40 PM
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What did she pay for the car?$350 a month doesn't answer anything.
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