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Started By
Message
re: trading in a vehicle
Posted on 1/23/14 at 10:17 am to chesty
Posted on 1/23/14 at 10:17 am to chesty
quote:
It's supposed to be here by mid to late february. old loan was 60 months at 3.5% as I bought used, new auto loan is 72 months at 3.4%
So at best, by paying the $500 on the old loan today, you will save $1.45.
1
Posted on 1/23/14 at 10:26 am to CubsFanBudMan
New Vehicle cost 30,743
Deposit to order - 500
New Loan -28,000 (72 month 3.4%)
Left over balance 2,243 this will be my down payment
Trade in 16,700
Old pay off 15,500
equity towards TTL 1,200
by paying off another 500, it allows me to ensure that tt/l and fees are covered, with what ever is left over going towards downpayment.
* sorry I misquoted my trade in value earlier, I hadn't had any coffee yet.*
Deposit to order - 500
New Loan -28,000 (72 month 3.4%)
Left over balance 2,243 this will be my down payment
Trade in 16,700
Old pay off 15,500
equity towards TTL 1,200
by paying off another 500, it allows me to ensure that tt/l and fees are covered, with what ever is left over going towards downpayment.
* sorry I misquoted my trade in value earlier, I hadn't had any coffee yet.*
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