I just made a payment on my 2026

@ashtonandana

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Honda Civic Sport hatchback

Why it worked

The creator shares a relatable financial decision about managing car payments, offering practical advice and personal insights that resonate with viewers facing similar situations. The breakdown of payment allocation provides tangible value.

Summary

The creator discusses making a payment on their new Honda Civic and how they are splitting their monthly payment to make it feel more manageable. They detail the breakdown of their payment towards principal and interest, and how this strategy affects their loan balance.

Structure

1Introduces car and loan details
2Explains personal financial priorities
3Discusses advice on splitting payments
4Calculates interest savings vs. payment reduction
5Makes a split payment and shows breakdown
6Reflects on the process and future payments

Product placement

Honda Civic Sport hatchback: ACTS - the car is the subject of the video, and the loan taken out for it is discussed. Removing it would change the video. Community First: ACTS - mentioned as the bank processing the loan payment. Removing it would change the video.

Original caption

$203 sounds a lot better than $406 😭. paying off my 2026 honda civic sport hatchback one payment at a time! #hondacivic #car #newcar #hondacivichatchback #carloan

More from @ashtonandana

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On-screen text

Original loan: $21,699 4.35% interest rate 60 months Current loan: $20,937

Transcript

I just made a payment on my 2026 Honda Civic Sport hatchback that I got a couple months ago. Let's see how much of that payment went towards principal, which is paying down the loan versus interest, which is just paying the bank. The original loan I got in April was $21,699 at a 4.35 interest rate for 60 months. A lot of people have been giving advice on how to pay this car loan off early and I just want to emphasize that I actually paid my last car off in two years, so I'm very familiar with how to do that. With where I'm at in life now, our main priority is contributing heavily to retirement. So although I do plan to pay this car off early, I plan on making more, so like large lump sum payments later on with content creation money we get. One piece of advice that people said a lot was to split the payment into two. I did some research into that and it only knocks off a total of $180 of interest over the course of the loan, but it does knock off three and a half payments off the back end, which is kind of nice. So I'm gonna do that, not really for either of those two benefits, but more so making a $406 dollar payment at one time hurts my soul. So splitting it into two makes me feel a little better. So today I'm making a $203 dollar payment towards my car loan. Of that $203 dollars I paid, $167 dollars went towards principal and $35 dollars went towards interest. Not too shabby. Over the course of your loan, you end up paying less towards interest versus principal. So it being the beginning of my loan, paying that little towards interest, not too bad. Which makes my new balance $20,937. This is my first time ever splitting up a payment like that. When I logged into the bank portal, it said that I still had a $406 dollar payment due and I freaked out and called the bank and they said no, everything's good on our end. But I'll see you at the end of July when I make another payment and we'll see how long it takes to pay the car off.