Traded in my civic for a Blue 05 RSX-S
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From: South Hadley,MA
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Ok what a ballon payment is its like a lease for first 2-3 years (you choose),but you own the car.And the rate is 2.1% now once its payed up after the 3 years you can either end it and get another car(like a lease),make 1 payment on whats left or finance the rest(for me it will be 2 years)now once you goto finance if you choose to you finance for what the value of the car is and whats payed off after the 3 years and a low rate of about 2.9% My payments went from $360 to $280 a month doing this.And the thing is that they don't really advertise it and since my wife works for honda finance she figured that it would be the only way to afford the car.I know some will be skeptical but it really works and at the end of all of it you end up paying about the same and a 5 year finance but with mch lower initial payments! and no the payments left for the 2 year finance won't be sky high they would go back to around the $360 that they would originally be! so unlike a lease you own it and can modify in any way to your hearts extent! thats a quick version but id be glad to help if anyone is interested in it!
So what's the concensus here? If everyone on this site could afford an RSX Type-S they would trade in their civic and get one? I personally don't like the way they look. I would prefer my civic over it all day. I really hope there are alot of people out there like me. :P
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Thread Starter
Honda Civic Forum
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mattskav
General Automotive Discussion
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Nov 8, 2001 10:44 PM




