what is your monthly payment?
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Join Date: Aug 2007
Location: Albuquerque, NM
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Re: what is your monthly payment?
$336.02/month @ 5.75%
Car went for $25, and I put $7,500 down.
I was going to pay cash, but my APR was too low. I put the cash I was going to use in a CD that pays 8%.
Sure, it's only effectively earning me 2.25%, but I'm glad I did it now, considering the recent interest rate trends.
Car went for $25, and I put $7,500 down.
I was going to pay cash, but my APR was too low. I put the cash I was going to use in a CD that pays 8%.
Sure, it's only effectively earning me 2.25%, but I'm glad I did it now, considering the recent interest rate trends.
Last edited by SRT6nTulsa; 11-23-2008 at 04:45 PM.
Re: what is your monthly payment?
First off; welcome to the forum! I'm an old fart and paid cash for my 04 with 25500 miles. At your age your loan isn't that bad. The guy that originally purchased it probably paid in the 30k range. Looking at it that way you got a steal!!
These cars are so under valued for what you get. Most importantly enjoy your purchase. Now get out there and wax that baby!!
These cars are so under valued for what you get. Most importantly enjoy your purchase. Now get out there and wax that baby!!
Re: what is your monthly payment?
Originally Posted by Dougs
First off; welcome to the forum! I'm an old fart and paid cash for my 04 with 25500 miles. At your age your loan isn't that bad. The guy that originally purchased it probably paid in the 30k range. Looking at it that way you got a steal!! These cars are so under valued for what you get. Most importantly enjoy your purchase. Now get out there and wax that baby!!
These cars are so under valued for what you get. Most importantly enjoy your purchase. Now get out there and wax that baby!!
Re: what is your monthly payment?
2007 Base coupe. Purchased April 2008. $250/mo, 10.6% APR. First new car purchase.
No co-signer, no one elses name on the lien. Though I did have an in with the ownder of the dealership, which helped the price some.
Previous car was a 1994 Blazer, $2600 cash. Got $1000 for it on the trade-in and was ecstatic.
EDIT: 23 miles on the ODO when purchased. She was new.
No co-signer, no one elses name on the lien. Though I did have an in with the ownder of the dealership, which helped the price some.
Previous car was a 1994 Blazer, $2600 cash. Got $1000 for it on the trade-in and was ecstatic.
EDIT: 23 miles on the ODO when purchased. She was new.
Re: what is your monthly payment?
Originally Posted by entropy
i got the car in april 08, 47000miles at $ 16725...i pay 353.24 a month financing at 11%...im only 19
Let me go home and check all my bills....
Would you like to know my mortgage, 403b, and credit card info too?
Oh yeah, Jets Seasons tickets just went up too, so let me get all my finances together and I'll report back.
Re: what is your monthly payment?
Originally Posted by entropy
hey bro do me a favor, scan ur ID and post it, pm me ur social security number too....lol ...im only kidding..i just wanted to see how bad my deal was...u dont have to post ur payments if u dont want to...
haha-
I was just joking too- When I financed my first car I was not too bright at the time
.I think you did great!!
Re: what is your monthly payment?
Originally Posted by oledoc2u
well, you are 19...which is just a couple years under my youngest son...so I won't say anything other than a parent surely was with you when you purchased your ride....cause around here, you paid too much for the car and the interest rate is ridiculous....but at your age, I quess you are lucky they loaned you the money on your own...now if a parent co-signed for you...then shame on them...but hey, you have the best car going and it will get the girls....and old guys like me....we just write a check...
