Malu59RT

$5,250 down, $370/mo, 36 months, Car at sticker price, plus chrome wheels, plus front and rear spoiler, plus tint, plus 4yr/60,000 mile warranty, bumper to bumper. Lease. At the end of the lease, I only end up paying $37,000 total for the car. Not a bad deal in my opinion at all.

Jason

Malu59RT

Sorry, I meant to say, if I purchase the car at the end of the lease, I only end up paying $37,000 (USD) for the car.

Jason

lyndon_h

[QUOTE]Originally posted by Malu59RT
[B]$5,250 down, $370/mo, 36 months, Car at sticker price, plus chrome wheels, plus front and rear spoiler, plus tint, plus 4yr/60,000 mile warranty, bumper to bumper.

speedlife

when you figure out a lease get the cap cost, term, money factor and residual.
if you have any 3 you can figure out the fourth.

Nixlimited

I am in Charlottesville, Va
I had to pay 36,800 out the door after $2k price bump (demand) and then TT&L. At any rate, I got a 8.1% loan and put $19,000 on the car (trade-in). My payments are $300 a month for 72 months, but I am only planning to keep the car for a year.
Nix

s2kpdx01

wtf? that doesn't even cover 70% of the cost of the car not even counting the interest....did you put a bunch down?

edit: maybe i should read the whole thread

speedaddiction

Thanks for all the replies they helped very much. I'm looking to put $9000 down for a brand new 02, do you guys think its likely that I will have payments below $500?

Nixlimited

Speed -

It depends on how many months and what your interest rate is. Lets say an average rate of 7% and that you get out with the car for 34,000. Your payments fro
60 month loan: payments of 145 (interest) + 416.60 (principal) = 562
72 month loan: payments of 145 (interest) + 347.22 (principal) =
493.02

One thing to check is whether you are getting a simple interest loan or not. This makes a big difference if you decide to sell the car before paying off the loan. Simple interest means you divide the interest up evenly over the lifetime of the loan whereas a complex interest loan (like house loan) you pay almost all interest on the first payment and gradually decrease until the last payment which is almost entirely principal. Also, check to see if there is an early payoff fee. This is again important if you decide to sell the car or buy it out before the loan period is up.

Nix

Nixlimited

By the way, I knocked the $9k out and did all the calculations using 25000 as principal.

Nix

Happnin' Dave

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