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i posted that my credit score was a tier 4 615 which is no good. second, i had the 10 grand from a CD that just matured so i didn't have to dig into my savings or IRA. third, i bought just about every extra they had door visors, navigation, chrome exhaust, rims, cool rearview mirror etc. so the total price of my car with taxes was 36k. subtract 5k for my tradein and you get 31k. I didn't want the long 72 month loan, so I took the 48 month loan at 540 a month. then i got the full warranty package with the anti-theft and lojack and that brought my monthly payment to 639 a month.

I realize that i am paying a lot in interest, but i am going to pay more than 639 a month because I can afford it. Also, again this is my first real purchase that can positively affect my credit, so I dont mind taking the long term financial hit.




Given the fact that you don't drive cars until they can no longer move, it would be more financially sound to lease a car instead of buy a car. Your capital outlay initially and monthly would be far less. With the $10K you put down , you could have put that money into a long term CD. The interest you would have made from the $10K would have covered some of the money factor you would have paid on the lease.

You could of even kept your old CRV and leased a new car with ZERO outlay and written off your lease payment 100% since you are an independent contractor. Your lease payment on a fully loaded CRV at $31K MSRP is about $579. You could have written off $20,844 over the life of the lease.

Plus a 10K 3 year CD at 4.12% would yield you $11,316.

That sure sounds a lot better than paying $45,672 for a car worth $31,000 in 4 years. And in 4 years that car would be worth about $5000. Your net payment is $40,672.

Maybe that's why you are a porn star.