How much is everyone paying per month?
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From: Southern California
just trying to get some knowledge before going into dealerships..
what were your guys':
year/trim/down payment/monthly payment
thanks!
what were your guys':
year/trim/down payment/monthly payment
thanks!
Originally Posted by kourosH
just trying to get some knowledge before going into dealerships..
what were your guys':
year/trim/down payment/monthly payment
thanks!
what were your guys':
year/trim/down payment/monthly payment
thanks!
That's kind of an irrelevant question, as people get different terms, put down different amounts, maybe roll in some negative equity, etc.
If you want to be informed as to your own situation, a) go to bank or credit union and find out what rate they are offering, b) go to an on-line calculator and figure out what payment should be on the amount you want to borrow, and c) figure out how it all fits in YOUR budget. Doesn't matter what someone else is paying.
Very roughly, you can figure that every $10,000 you borrow will cost you around $200 a month, in a five year loan at 6% interest.
Again speaking very generally, if you're buying you're better off putting down as much as possible for a down payment, at least 20%. If you're leasing, it's the opposite, put down as little as possible. But remember that leasing is going to cost you way more than buying in the long run, unless you can charge it off as a business expense.
If you want to be informed as to your own situation, a) go to bank or credit union and find out what rate they are offering, b) go to an on-line calculator and figure out what payment should be on the amount you want to borrow, and c) figure out how it all fits in YOUR budget. Doesn't matter what someone else is paying.
Very roughly, you can figure that every $10,000 you borrow will cost you around $200 a month, in a five year loan at 6% interest.
Again speaking very generally, if you're buying you're better off putting down as much as possible for a down payment, at least 20%. If you're leasing, it's the opposite, put down as little as possible. But remember that leasing is going to cost you way more than buying in the long run, unless you can charge it off as a business expense.
Some members paid cash for a 350Z so there are no payments. Others put little down and are up to their *** in debt. Regardless, none have a thing to do with your situation.
Use the calculator at carmax.com.
Use the calculator at carmax.com.
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