Great advice, thank you

Good to know. I’ll be sure to make her aware of this!

Definitely a lesson for the future. Hopefully my aunt will call me before she signs next time!

Yes, 84 months. I assume this means she needs to bring in her car to a Honda dealership for servicing/maintenance (didn’t realize there was a difference between these two). I’m betting she’s not aware of this. Thanks for bringing it to my attention

I’m seeing Service Contract for $2,995, Maintenance for $1,020, and Road Hazard for $1,479. Are any of these even worthwhile?

Thanks for your answer!

Thanks for answering.

So am I fair in assuming she could have gotten a more competitive price (not necessarily MSRP, but at least close to it)?

She actually drives quite a lot. Still pretty active. My assumption is that the newer electronics in the car are throwing her off (specifically the non-mechanic key). Perhaps I can help her learn about them.

Thanks, this helps. I guess I should say I don’t have experience with loans in general, but I do remember learning about this in school a long time ago, so this was a good reminder of how it all works.

Thanks for your answer!

Definitely not expecting to get what was paid for it. Just minimizing losses.

Understood regarding the interest calculation being yearly and based on the principal decreasing.

Yeah, pretty sure my aunt didn’t read into what she was buying closely enough. Wish she had.

Thanks for your answer!

1. It looks like she bought it Oct 28, 2022, so it seems we’re past the cooldown. I know she tried going back to the dealership and the refused to take it back. This is in NY state.

2. Thanks, I see how it calculated now. And I do see the monthly payment amount and number of payments.

3. So this is a normal price to pay? Or is my aunt just bad at negotiating?