Originally Posted by
newtomit
I did the calculation as well and at first was like over $27k USD for Mirage???? That's just insane... I didn't realize it was in CAD and after conversion to around $20k USD, it doesn't seem too bad. 7 years of interest will add up a lot. I assume the original cost probably was around $15k (which is fairly normal for a new Mirage), plus around $2k for taxes and fees, and around $3k for interest.
I don't see how paying nearly double the msrp for a car doesn't seem too bad?
$15,000 msrp(which is fairly normal for a new G4 Mirage in Canada),
plus around $2k for taxes and fees,
and around $10,000 ($7500USD)interest!!!!
I guess this is a common occurrence when people only look at that easy monthly payment over 7 years instead of the overall cost.
I almost financed my utv and acknowledged the fact I'd be paying thousands in interest, but when I found out it would have cost me $10,000 above msrp I went a different route.
Mirage videos:
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View my fuel log 2014 Mirage SE wussie cvt edition. 1.2 automatic: 37.7 mpg (US) ... 16.0 km/L ... 6.2 L/100 km ... 45.3 mpg (Imp)