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Started By
Message
Posted on 8/2/14 at 9:30 pm to FLBooGoTigs1
Here's a sample:
$50K car with TTL.
20K down
30K loan amount
3.0% interest
5yr loan term $539/month
4yr loan term $664/month
$50K car with TTL.
20K down
30K loan amount
3.0% interest
5yr loan term $539/month
4yr loan term $664/month
Posted on 8/2/14 at 9:31 pm to 911Moto
quote:
$850/mo. on my 911
how many years?
Posted on 8/2/14 at 9:33 pm to lsu xman
My car note is 400 a month and I think that's a lot. frick something more than that
Posted on 8/2/14 at 9:36 pm to lsu xman
$789, 12%APR, annual salary 58k(before tax, after bonus), age 34with only 2 kids.. Life is good
Posted on 8/2/14 at 9:37 pm to lsu xman
The car payment is what keeps Americans in the middle class.
Posted on 8/2/14 at 9:39 pm to The Third Leg
Financing a car almost never makes a lick of sense, even at 0%. Write the check and move on. The absolute worst decision is leasing, but anyone that can do math knows this.
If you can write a check for a new car, financing it to improve your score is meaningless.
Posted on 8/2/14 at 9:40 pm to FLBooGoTigs1
I'm the same way. I would rather keep my note lower and spend my money on other things.
Posted on 8/2/14 at 9:41 pm to lsu xman
I don't think it's a 36 month loan.
Posted on 8/2/14 at 9:41 pm to Johnny3tears
Got a friend with a new loaded up escalade, he made a passing remark that his payment was over 1300 per month, what a fool if true.....but he is stylin......A true OT'er
Posted on 8/2/14 at 9:43 pm to Rox
quote:
$850 a month
quote:
Toyota
ETA: Unless it's a 24/36 month deal
This post was edited on 8/2/14 at 9:44 pm
Posted on 8/2/14 at 9:45 pm to mattloc
My note is 799 a month. For 60 months at 0.0. Just made the first payment. First note in a while my last Tahoe had 200k miles when I sold it.
Posted on 8/2/14 at 9:48 pm to lsu xman
I'm paying well over $500 a month, but a whole lot is chopping down principal.
Posted on 8/2/14 at 9:49 pm to mattloc
Meh, that may not be that much relative it his income.
Never, ever finance a car more than 48 months. If you can't afford the car you want at 48 months, move downmarket. Obviously, never lease.
If it's a used car (even a 911) never go more than 36 months. Never finance any used vehicle that is more than 3 years older the newest model year available.
Now we'll wait for all the car salesmen to tell me how wrong I am.
Never, ever finance a car more than 48 months. If you can't afford the car you want at 48 months, move downmarket. Obviously, never lease.
If it's a used car (even a 911) never go more than 36 months. Never finance any used vehicle that is more than 3 years older the newest model year available.
Now we'll wait for all the car salesmen to tell me how wrong I am.
Posted on 8/2/14 at 9:51 pm to RollTheRock
I am about to put 10k down on a car and pay about $310 a month. My last note was $250. I pay it over 5 years though.
Posted on 8/2/14 at 9:53 pm to geauxtigers6492
That's a good downstroke. You oughta run the #'s on 48 months..
Posted on 8/2/14 at 9:54 pm to O
quote:
I don't have a big car note because I am not poor. I buy all of my vehicles with cash.
Current rates for the best-qualified borrowers is below the rate of inflation, so a car note is better than paying up-front in cash.
Assuming you can get the same price, that is. That's a different topic though.
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