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The MSRP of a 2016 Civic is $19,475. Edmunds says the average car loan is 67 months. The blue book of a 2010 Civic is $9,616. For some reason, KBB suggested $4,000 down and a 1.74% interest rate; the car would cost a total of $21,411, losing $11,795, or $196.58 monthly.
I sure hope she is making student loan payments, but continuing to drive her dad's 2012 Versa and paying off her loans faster would make far more sense to me.
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