nyclio

a new 08 TL-S? These should be going for close to if not below invoice the 09's pending release right? Is it worth it to take advantage of the 0.9% financing? I am currently paying close to 6% on a loan (~$19000 remaining) on the 07.

Thoughts?

TypeSDragon

How can that be an option when they will rob you with the trade in value and you are getting into the same car?

LoveMyTL-S

07TL-S and 08TL-S are identical. Why trade?

jmkiang

iTrader: (5)

6%???????? Thats insanely high unless you bought it used. Even then, 6% is high! I say you refinance instead

BlueAc

iTrader: (2)

x1,000,000,000...
Now I was considering trading my 07 TL-P/Navi for a 08 TL-S... But I found more fun ways to blow my money!!!

paliknight

1- no point, identical cars.
2- your getting ripped off.

TL1999

ouch on the 6%

just do a refinance of your existing car loan...

and take the save $$ to do some more MODS on the car

the-carbon-comet

hell im at 7%

nyclio

Where can I refinance for less? I used Cap One to get the 6% since it was a used car loan...(it's actually more like 5.78% - I just rounded up)

csmeance

NYC, how much did you pay for your car and when? That way we can weight the interest savings from the deprecaition costs and increases, such as with insurance.

lembowski

iTrader: (1)

I had my rate at 7% on my used car loan, I went through Costco and they got it reduced to 5.25% seemed good to me

nyclio

I bought the car last December. My out the door price was $31,500. I put down about $6500, and financed 25,000. My total payment with interest tacked on was/is $27,800 broken down over 3 years. I have about 19000 still owed on the car..

VQPower37

there is no point they are the same car ... just refinance ...

csmeance

right now you are paying about 760 dollars a month, right?

nyclio

My payment amount is actually 758 and some change yeah...but I have it set to automatically take out 800 even; at that rate the car would be paid off a few months early..

WRXtranceformed

Yeah I wouldn't bother, you're going to get hosed on the trade in and just set yourself back for no real benefit.

csmeance

your 07 is worth about 26.5K, a new TL-S is about 34K OTD, so you would basically be spending about 7.5K to save somehwere around 4K...

nyclio

I was taking into account - my car needs some bodywork (not sure how much it would cost to repaint the hood, and I had posted on an earlier thread that I had a biker ride into my parked car which damaged some of the paint on the edge of the driver door), as well as new front brakes/rotors (quoted $440 for this from hondapartsunlimited), and also rear seat head rests ($220 + shipping). Also, I could use a GOOD detail too (probably will go to Detailing Dynamics in Mineola) - and i know they charge an arm and a leg too.

csmeance

leather repair - good uphosltry shop can fix it for 50 bux if its a rip or two.
Paint- touch-up is good enough for the average buyer for the bike hit...
Brakes/rotors - do it yourself, save some $$$