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re: Honda canceling two car models in North American market

Posted on 7/18/20 at 7:24 pm to
Posted by Puffoluffagus
Savannah, GA
Member since Feb 2009
6107 posts
Posted on 7/18/20 at 7:24 pm to
quote:

Most entry level prices for crossovers and SUV’s are in the 30’s and 40’s. It’s way too much.


Come buy your car for 0% apr over 7-10years!! Makes just about any vehicle affordable.
Posted by jcaz
Laffy
Member since Aug 2014
15715 posts
Posted on 7/18/20 at 8:05 pm to
quote:

Come buy your car for 0% apr over 7-10years!! Makes just about any vehicle affordable.

7 years is crazy for a personal vehicle loan. You’ll be underwater for 6 years! I’m the guy who will proudly drive an Altima or Accord and save money. Don’t need a big truck to compensate for anything.
Posted by dirtsandwich
AL
Member since May 2016
5193 posts
Posted on 7/18/20 at 9:03 pm to
quote:

Come buy your car for 0% apr over 7-10years!! Makes just about any vehicle affordable.

At 0%, this is a great idea in a lot of cases. The problem is people taking out 6+ year loans are usually paying 8-12%. That’s when it is a terrible decision.
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