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02 blue type-s
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312 Posts
6% is normal

You guys are living in a fantasy-land of artificially low interest rates.

And are addicted to cheap money. Its going to end sometime.....

2 to 3% is Fed artificially forcing down interest rates. That's why you can't get ANYTHING for a savings account rate.

Remember just a couple years ago you could get 4% on your online savings account? That's the real market number.

In 2000, I bought a brand new Accord ex v6 coupe. 5-6% was normal with excellent credit.

If you guys are balking at 2% or think 3% interest rates are what people who save money are willing to lend it to you at, you are sadly mistaken.

Once the fed knocks off their artificial low interest rates the massive transfer of wealth from savers to borrowers will end and 3% car loans (and mortgages) will be a memory.
 

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535 Posts
My buddy could only sell his 02 ap1 with 34k on the clock for 14k.. I think the price of yours could drop a little.
 

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I Am the Liquor
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7,333 Posts
Is everyone commenting in the price also in HI? Location plays a huge role in used car pricing
 
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