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re: At local Honda dealership this morning

Posted on 1/13/24 at 1:17 pm to
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
25852 posts
Posted on 1/13/24 at 1:17 pm to
quote:

$1200 a month for 84 months


That is borrowing on $80k+ @ 7%.

Posted by 385 Tiger
Baton Rouge
Member since Jan 2009
246 posts
Posted on 1/13/24 at 1:25 pm to
I wonder if the 1200 included the insurance ro cover the equity gap?
Posted by Powerman
Member since Jan 2004
162258 posts
Posted on 1/13/24 at 1:28 pm to
quote:



That is borrowing on $80k+ @ 7%.


Accurate but it's 100K+ which is insane for a depreciating asset

ETA NM I was referring to the total cost
This post was edited on 1/13/24 at 1:35 pm
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