Dealership was trying to sell me a 2023 Honda crv sport touring hybrid at a 8.9% interest rate paying $670 a month… after fighting with them I got it down to a $512 including gap at a 7% interest rate my credit score is 690
What’s the out the door number? Monthly payment doesn’t matter imo
Kasey said:
What’s the out the door number? Monthly payment doesn’t matter imo
OTD was 33k
Kasey said:
What’s the out the door number? Monthly payment doesn’t matter imo
OTD was 33k
That’s a good price I think. New, cheapest you can find is maybe 39k but mostly 40k OTD. So you got around 20% off and the vehicle hasn’t even used up 10% of its life.
Kasey said:
What’s the out the door number? Monthly payment doesn’t matter imo
OTD was 33k
No way, show us ur contracts LOL!!!
Kasey said:
What’s the out the door number? Monthly payment doesn’t matter imo
OTD was 33k
Mileage on the car, condition, accidents, etc.?
Bliss said:
Kasey said:
What’s the out the door number? Monthly payment doesn’t matter imo
OTD was 33k
Mileage on the car, condition, accidents, etc.?
20k 1 owner no accidents basically new condition no scratches in or out.
Kasey said:
What’s the out the door number? Monthly payment doesn’t matter imo
OTD was 33k
[deleted]
Kasey said:
What’s the out the door number? Monthly payment doesn’t matter imo
Ironically, OTD doesn’t matter much either since taxes vary so much across each state. Discount off MSRP + any add-ons is a better way to compare.
7% interest 
. Also, monthly payment is not a reputable gauge of a good deal. With that interest, paying say over 120 months versus 60 months for example. We purchased a 2024 Hybrid Sport not too long ago at 3.9% interest over 48 months and my monthly payment is about the same as yours because of how much I put down. Make sense? Even if you saved out the door you’re going to pay a lot extra with that interest rate. I can’t fathom paying over even 5% interest, especially when buying new. New cars have the best financing deals available.
@Crosby
He wasn’t buying new. He obviously states that it’s a 2023 with 20k miles on it.
I don’t know why people are being so difficult.
Car prices are insane right now. $33,000 OTD feels high especially with our pre-covid memories being so recent, but the truth is in today’s market this price point is about right. $30,000 is the new $25,000.
This site tells me that a “2023 Honda CR-V Sport Touring Hybrid AWD CVT” has an MSRP of $39,100. It also tells me that a “2023 Honda CR-V Sport Hybrid FWD CVT” has an MSRP of $32,400.
If you got the first trim, my guess is you got it used–otherwise, I just don’t believe you that you’d get them to $33,000 out the door. In that case, we’d need to know how many miles it had (as well as its history, if applicable) in order to judge whether you got a good deal.
If you got the second trim, then in my mind you did fine. Again, our pre-covid memories are still vivid, so we all remember the days when “paying MSRP” was considered a sucker’s move. Today, at least for now, everything has changed. So let’s do the math:
- $32,400 MSRP
- Without knowing what state you’re in, let’s be conservative and say it’s a 3% tax on the car. That’s $972.
- Without knowing what state you’re in, let’s be conservative and say that DMV fees are around $100. This is not the “doc fees” that a dealership charges, but the fees anyone would pay at the DMV to title a car/sale.
Let’s say you pay nothing else. This comes out to $33,472 out the door. You paid $33,000, allegedly.
Basically, if you bought the “Sport Hybrid” new, I think you did pretty solid. You avoided the extra fees most dealers try to tack on, you paid about the minimum in terms of fees (which you have to pay something for DMV fees) and taxes (which you can’t escape), and given today’s market, you took the MSRP. Nothing wrong there.
That 7% interest rate is tough, but again with today’s rates it’s no longer insane–so if you can pay extra towards it without risking your financial security, you’ll be better off.
Whether it’s a “wise” decision to buy new is a separate discussion.
If you’re like me and you take a lot of very long trips (I’m taking pretty regular 6-8 hour trips) it might honestly just be worth paying a premium so you can feel good spending that kind of time in your car. For other people, spending anything other than the absolute bare bones minimum on a 1992 Toyota with 400,000 miles is considered a catastrophic financial decision on par with maxing out a credit card. Most people are in between those extremes somewhere, but then you have to also consider whether you believe used car prices (especially for cars that are still nice, but maybe a few years old) are still overly inflated. That’s a conversation for another day.
Basically, if you paid $33,000 for a used version of this, then we need to know more information. If you got it new, I think you did fine. Don’t fret. If your finances are in order, and you’re not taking a massive financial stretch to afford this car, then just enjoy your car. You did fine.
@Griff
It’s a 2023 with 20k miles 1 owner no accidents it was a lease to the previous owner
Bliss said:
@Griff
It’s a 2023 with 20k miles 1 owner no accidents it was a lease to the previous owner
You likely could have purchased a brand new 2025 without the added 20k miles with a lower interest rate and been in the same ballpark price wise when you factor your interest rate 
.
@Crosby
Your statement is invalid. A brand new sport touring hybrid is $41,110. with taxes, roughly $43k. That’s good for the price that OP bought it for.
Linden said:
@Crosby
Your statement is invalid. A brand new sport touring hybrid is $41,110. with taxes, roughly $43k. That’s good for the price that OP bought it for.
On Sunday I bought a 2025 CR-V Hybrid AWD Sport L for $39,215 OTD ($35,915 before taxes and fees). I feel good about the result. Key for me was leveraging different dealerships against each other.
Car prices and interest rates are insane right now. She’s beautiful and will last for years.
Kellan said:
Car prices and interest rates are insane right now. She’s beautiful and will last for years.
Thank you
Valentine said:
Seemingly so, yes.
Okay thanks
It’s ok. Monthly payments don’t matter. What matters is OTD price.
A 2025 EXL AWD costs 36.5K.
A 2025 sport hybrid AWD costs 39K.
You could have gotten one of the above with a lower interest rate because they are new; used cars typically get higher interest rates.
What matters is that you love your new car!