and how much monthly would i need to pay?
2006-11-15 04:55:58 · 5 answers · asked by john 3 in Cars & Transportation ➔ Buying & Selling
It all depends on your credit. It may be zero it may $8000. The fact that you are asking this question leads me to believe that you are young and don't have credit. You probably need a co-signers (your parents). If they have good credit you probably won't need any down.
Payment depends on your credit (interest rate) and time of the loan.
3 yrs, 0 down, good credit...$244/mo
4 yrs, 0 down, good credit...$188/mo
5 yrs, 0 down, good credit...$155/mo
If it is an older car you may only be able to finance for 3 or 4 years.
2006-11-15 04:59:45 · answer #1 · answered by Brad N 2 · 1⤊ 0⤋
depends on the loan value of the truck!
If the truck has a loan value of $8000 you can borrow the full amount. If you have good credit you might be able to put it on 60 months with about an 8% to 10% interest, so your payment would be around $150 to $180 a month.
2006-11-15 13:04:33 · answer #2 · answered by me4tennessee 6 · 0⤊ 0⤋
like the others said it depends on your credit but the more down payment the less you car payment will be and the quicker you are to owning it. I would probably say a $1500 down or more down payment is reasonably but try to push for more. They might be able to put you in a better truck with a big down payment
2006-11-15 13:46:38 · answer #3 · answered by justme 3 · 0⤊ 0⤋
it depends on your credit (how good of an interest rate you can get) and the term of your lease. tell the dealer or bank how much you would be able to pay a month and they will work out a good deal for you.
2006-11-15 13:04:41 · answer #4 · answered by adrianne 2 · 0⤊ 0⤋
Well do you want it on installment or get it financed.. even it depends upon the interest rates and the auto lander TNC ... you can calculate your quote from here http://www.carsloan.info
2006-11-16 14:15:37 · answer #5 · answered by faithful_raj 3 · 0⤊ 0⤋