2006-08-10 09:08:40 · 12 answers · asked by jason f 1 in Education & Reference ➔ Homework Help
$2,300.00 That's pretty good.
2006-08-10 09:15:29 · answer #1 · answered by ? 5 · 0⤊ 0⤋
$2300. Your price minus down payment leaves 16,000. 305 times 60 equals 18300, the total you will be paying over 60 months.
Take the total (18300) minus what you owed (16000) and you get the finance charge remainder of 2300.
2006-08-10 09:14:44 · answer #2 · answered by lizziemrocks 1 · 0⤊ 0⤋
the only thank you to tell if to procure a solid deal is to take a verify out your APR. Did you upload coverage to the non-public loan? The prolonged guarantee? you need to evaluate each and every thing once you verify out cost no longer in hassle-free terms the quantity of the motor vehicle and quantity you positioned down. Rememer maximum states fee for taxes tags and etc. you will desire to pull out your place of work work and take a glance. Like an excellent sort of human beings have mentioned in case you have low or no credit you will have a intense fee( that's desperate by utilising the economic enterprise no longer the broking). The broking will artwork to get you the main suitable deal that they might. ( in case you screw human beings over they at the instant are not getting back.)
2016-09-29 03:24:41 · answer #3 · answered by dunkelberger 4 · 0⤊ 0⤋
easy.... $305 X 60 payments = $18300 you pay for $16000 car....therefore you are paying $2300 in finance charges.
2006-08-10 09:14:08 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Your total finance charges were $2300
2006-08-10 09:15:33 · answer #5 · answered by Anonymous · 0⤊ 0⤋
$2,300.00. Here's how you figure it out: If you paid $19,500.00 and put $3,500.00 down, you financed $16,000.00. Now, if you multiply $305.00 over 60 months, you get $18,300.00. Subtract the $16,000.00 you financed from that and you get $2,300.00.
2006-08-10 09:15:07 · answer #6 · answered by sarge927 7 · 0⤊ 0⤋
2300.00 is the amount of interest you paid.....which in turn comes out to be an interest rate of 14.2 percent. I would pay on it for a year and then refinance and drop your payment or your loan term length.
2006-08-10 09:19:01 · answer #7 · answered by centralfiresafety 2 · 0⤊ 0⤋
You got a good deal..my calculations say you paid 2300.00 in finance charges.,
2006-08-10 09:14:00 · answer #8 · answered by Mary 3 · 0⤊ 0⤋
2300 bucks
2006-08-10 09:15:00 · answer #9 · answered by digital genius 6 · 0⤊ 0⤋
Nobody knows, since you didn't say your interest rate.
2006-08-10 09:14:11 · answer #10 · answered by Larry 6 · 0⤊ 0⤋