Example: $12,000 car financed at x% interest. Can you show me an actual calculation of how much the monthly payment will be and how many payments are to be made and what the interest is etc, etc?
2006-09-20 10:09:23 · 5 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
just google amortization. it is a fairly lengthy calculation on a scientific calculator (at least for me). the 1st site makes it easy. but I'm sure there are others that show you the exact steps by which the calculation is achieved.
2006-09-20 10:20:17 · answer #1 · answered by mott the hoople 4 · 0⤊ 0⤋
How about this 12,000 car financed with poor credit we can get you in this car with 20% interest on a five year car loan. You would end up paying 24,000 for that car. And you forgot tax tittle and license. New car prep and delivery charges. Be very careful financing. And you only thought loan sharks operated out of "louie's pool hall" Your bank might be able to help calculate payments to years amount financed. I recommend buying a new Nissan Versa they start at 12,000 and because it is new and has warranty.
2006-09-20 10:21:02 · answer #2 · answered by John Paul 7 · 0⤊ 0⤋
Carmax has a payment calculator on its website but a good rule of thumb is $20 per $1000 financed will give you your monthly payment
2006-09-20 10:18:03 · answer #3 · answered by bmaldon04 2 · 0⤊ 0⤋
You didn't check the navigation system before you drove it home ???? You didn't read your contract before you signed ???? You need to get back to the dealer FAST and try to work this out. Since you've already signed all the papers they are under no obligation to help you. But maybe, just maybe, they are a good upstanding dealer and will help you out. I have a feeling you may be not understanding some of the typical fees added by dealers to a car deal. There's taxes, official tag and title fees, "doc" fees, environmental fees, destination fees, and possibly other charges, depending on what you agreed to buy when you were in the F&I manager's office signing papers.
2016-03-26 23:32:43 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The dealer will show you and take them home and have a friend that knows mathe sit with you and you ll get what you are looking for
2006-09-20 10:13:36 · answer #5 · answered by mort 3 · 0⤊ 0⤋