Woman Buys A New Honda. Then She Realizes Her Car Loan Will Add $20,000 To Her Sticker Price: 'You're Paying $67,000'

A new Honda Civic Type R owner is getting slammed for financing her car for $20,000 above its MSRP. But is it really that bad of a buy?

Mia (@mindfullymia), who uploads personal financing content to TikTok, shared what she pays every month for her sporty new ride.

“This is how much I pay every month for my Honda Civic Type R. I put zero dollars down and didn’t make a payment for the first 3 months. It’s financed at 7% on an 84-month term. Every month I pay $802 dollars,” she says.

People who commented on her video were astounded by how much money she's paying for the Civic.

“You’re paying $67,000 for a $47,000 car,” one wrote. A second agreed, “You’re paying $67,000 for Honda, that’s crazy!”

Others couldn’t understand why she would opt for such a long loan term. One person commented, “84 months is diabolical.”

At least one person didn’t think Mia got ripped off. “Y’all trippin. Type R’s hold value more than many other cars,” they said. Several others clapped back, claiming that there’s no way the vehicle is worth anywhere near $67,000.

Contrasting opinions began flooding in.

One person said that they routinely see this make and model regularly selling above MSRP, writing, “Type R’s are never sold MSRP. Not only do they hold value, they are heavily sought after hence dealers upcharge heavy.”

Mia corroborated this, replying that finding one at asking price is a tall order. “Especially in FL," she said. "I see them for 10k over sticker everywhere.”

Honda Civic Type R: Does It Still Sell Over MSRP?

Mia isn’t the only person who’s had a tough time getting a deal on a Honda Civic Type R. In the Reddit r/Civic_Type_R sub, users were wowed by one driver’s luck securing a Type R for $2,000 below its sticker price. One commenter wanted to know which dealership sold the vehicle, as they weren’t having any luck locating a Civic Type R that wasn’t significantly marked up. “You mind telling me which dealership you got yours at? I live in Cali and the mark up is 10-15k,” they wrote.

Others were just happy someone was able to locate the car for below the manufacturer’s suggested retail price. “”Great deal!” one wrote. “Grats on getting one under MSRP that’s awesome!” someone else stated.

One person suggested the dealership still made its money by paying less for the 2018 Acura they traded in. “Probably gave you less for trade-in [Type Rs] aren’t going for under MSRP in the USA. Trust me lol. Great job though you still made out,” they said.

Users on the CivicXi forum also said they’ve noticed a gradual price increase on the vehicle every year. Currently, the base model goes for $46,895, with a $1,195 destination charge, making the Civic Type R a whopping $48,090. This is more than the previous model year’s $47,000 price tag, with destination charges included.

Honda Civic Type R Buyer Replies To Critics

Mia posted a response to a user who suggested that $800 is too much for a monthly payment on the Civic Type R. She pointed out that “the average monthly car payment is around $770 for a new car.” Lending Tree reports that the average monthly payment for a new car in America is $767.

Mia holds that because the Type R is highly sought after, she may ultimately “break even” or “potentially profit” from the purchasing decision. She also says that selling it probably won’t be an issue.

“I’m sure it’ll hold value very well,” she says in the follow-up video.

Motor1 has reached out to Mia and Honda via email for further information. We'll update this if either replies.