2017 White RTL-E
Welcome to the forums! Some people just can't wrap their minds around compounding interest, year 1 depreciation, and total paid on a loan vs final vehicle value w/ new vs used. It is almost never true that buying a new vehicle "saves" you money. That new car is "used" the moment you start sign for it. It's like throwing several thousand dollars out the window right when you drive off the lot, but different people value different things I guess. It is a wonder why the majority of self-made millionaires didn't buy new cars...it's one of the worst financial "investments" anyone can ever make on a depreciating asset. Luckily the Ridgeline is one of the better models out there w/ depreciation rate, but year 1 is still rather steep. Again, welcome!I appreciate it, I don’t feel bad at all, my interest rate is no where near that rate. Very happy with my RL and my deal. Had no intention in buying a new one. Thanks again...