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re: Looked into buying a new car today...Realized I'm Poor.
Posted on 10/6/23 at 9:41 am to fallguy_1978
Posted on 10/6/23 at 9:41 am to fallguy_1978
quote:
Average vehicle loan is something like $750/mo now. That's insane to me.
Not hard to do on a 40k loan and this is with a 5% apr...
Monthly Pay: $754.85
Total Loan Amount $40,000.00
Sale Tax $5,250.00
Upfront Payment $18,050.00
Total of 60 Loan Payments
$45,290.96
Total Loan Interest $5,290.96
Total Cost (price, interest, tax, fees) $63,340.96
This post was edited on 10/6/23 at 9:42 am
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