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Dear Terry,
I purchased a brand-new 2008 Honda Odyssey which
includes a seven-year basic extended warranty
through Honda Financial. I'm paying $560 per month.
Is my payment just about right? The total price
of the van is $32,000. I don't have any means
of comparing to other people. So please tell me
if I'm paying too much interest on that.
-- Jonathan
Dear Jonathan,
Since you don't mention the interest rate or how much you put down, it's hard to know if you're paying too much interest. If you
did a 100 percent financing deal on the full price of the van, plus the added cost of the extended warranty, your payment seems
about right for an 84-month loan term.
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