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Down payment

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Old 01-16-2009 | 11:11 AM
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Default Down payment

So ive been saving for about 2 years now to get an s2k, and I finally saved enough to put down what i think is a good down payment. I plan on putting 15k down and im wondering if that should be enough to keep my monthly payments under 250 for an 03 maybe possibly an 05. Also, how do they determine how much your monthly payment will be exactly?
Old 01-16-2009 | 11:22 AM
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http://www.lendingtree.com/partners/autotr...HowMuchCalc.asp
Old 01-16-2009 | 11:43 AM
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With that kind of down payment you should be able to get an 03 or newer without having any payments.
Old 01-16-2009 | 11:47 AM
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i put down 8k on my 04 with 10k miles.got the 7 year plan at a very low interest rate that honda offers with there used cars,if you buy from a dealer.im still paying 300 a month on payments with the 7 year plan.
Old 01-16-2009 | 12:15 PM
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Dude, 15k you can just buy one cash.
Old 01-16-2009 | 12:20 PM
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Originally Posted by CLEAN2K4' date='Jan 16 2009, 03:47 PM
i put down 8k on my 04 with 10k miles.got the 7 year plan at a very low interest rate that honda offers with there used cars,if you buy from a dealer.im still paying 300 a month on payments with the 7 year plan.
How much was your 04?
Old 01-16-2009 | 12:43 PM
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they tried to rape me on it $25500 car had some digs an bald tires with 10k.all said an done i got it out the door for $21000.this was almost 2 years ago.
Old 01-16-2009 | 12:49 PM
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Originally Posted by NNY S2k' date='Jan 16 2009, 12:43 PM
With that kind of down payment you should be able to get an 03 or newer without having any payments.
you can buy one straight up with money to spare on mods
Old 01-16-2009 | 01:00 PM
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I have been looking to buy my self and my research for an 03 you should have 0 payments with that kind of money.....for an 05 not sure..but it still should be no where near 250 a month!
Do some online research in you area of dealers. Should give you an idea on how much they are going for in you area.
Old 01-16-2009 | 01:31 PM
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u can buy 03 straight out for that. cars.com have a payment calculator that you could use.


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