Monthly payments for a new s2000???
#21
$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
Jason
#23
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[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.
[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.
#25
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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
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
#26
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Originally posted by JohnnyG
$372/60 mo/5.1%
$372/60 mo/5.1%
edit: maybe i should read the whole thread
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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?
#28
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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
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