Buying a new Honda Civic, do I pull the trigger?

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Waterboy1

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I'm new to carbuying and this will be my first new car (at age 23). I'm able to get an automatic 2010 Honda Civic DXVP for $16,300 and a 5 year finance rate of 0.9%. Is this a good deal or about par? Do you think I'll be able to get a better price if I wait a few more months?
 
0.9%? That's insanely low. I'd take the rate but I wouldn't take the car. That ciivc is about as low as it gets, DXVP is about as base as it gets. I'd go up to an LX or an EX especially if the rate stays the same. You'll thank yourself when it comes time to selling this car if you upgrade now.


You do know for around $16k you could find a 2-3 year old civic EX for the same price as you're about to pay right? You could get a nicer car for cheaper or the same and the value won't depreciate as much as it does when you buy a new car.
 
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