My younger brother recently bought his very first car. He's 23 years old and works a full time minimum wage job. Here are the details of the deal: 2009 Honda Civic LX w/ 45000 miles @ $14 990 CAD - Honda CPO. He financed the car for 72 months and his monthly payment came out to being $377.30 including all taxes, fees, etc etc. I think interest was 6.99%. This was all in writing on the sales agreement, which, he showed me after he signed it. I told him he got taken for a ride, spun backwards, and then some. I asked him if he had even thought about what the total of the payments were, or if he had noticed the additional charges like the extended warantee, car life insurance, the $1000 tire insurance, the $1500 rust proofing that were all listed in the agreement, albeit in small print. He says "No, but the finance manager was such a nice guy." I don't know how he got approved by Honda Financial. He is a college drop out working a dead end job and he did NOT need a co-signer at all. He just showed up one day in the Civic. Anyway - case in point - dealers are always out to get you any way they can and the uninformed buyer is literally a gold mine. They are making big bucks off this Civic, and many other Civics I'm sure.