English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

I have a 1000-1500 $ budget per month, is this enough?

2007-02-21 08:51:57 · 4 answers · asked by Anonymous in Cars & Transportation Buying & Selling

4 answers

depends on your credit score, the number of months you decide to make in term of payments, the price of the car and the downpayment...

2007-02-21 08:56:16 · answer #1 · answered by GC 4 · 0 0

Determining car "price" or affordability by a monthly budget is a foolish way to buy a car. You may end up paying far more than the car is worth because it's hidden in a monthly payment that looks affordable. And consider that the cost of every penny you spend now is that penny plus the interest it earns in a bank.

Buy less car that you can buy with cash.

#1. Buy a car based on the car price, and negotiate based on car price.

#2 Negotiate trade-in after there is a set price.

#3 It's best to buy a car you can afford with cash. If you must get a loan, have loan options determined/secured before you purchase the car. If the dealer has loan options, let them propose them in negotiation against other options.

Dealers play all sorts of tricks with interest rates, durations, down payments, adding to up front dealer fees, that cost you. For example "cash back" of $1000 means they hand you $1000 which you must pay back with interest. That's why you negotiate price first. Get the best price, below dealer invoice, that they can give you.

Don't fall in love with a car before you know the deal.

2007-02-21 17:05:05 · answer #2 · answered by FCabanski 5 · 0 0

Go to the Audi web site. Build your car and price it. Then go to the link to the page with financing information. Put they amount Down and the length of the contract and it will give you the monthly payment estimate.

2007-02-21 17:02:45 · answer #3 · answered by yes_its_me 7 · 0 0

a general rule of thumb is $20-30 per thousand that you finance. $10,000 car $200 a month roughly. your term will play a factor in this as will your credit history. also if you lease it vs. purchase it can vary differently as well. generally $25-35 per thousand.

2007-02-21 23:53:40 · answer #4 · answered by ridgwayaz 2 · 0 0

fedest.com, questions and answers