Alright, a Tesla Roadster is coming to auto dealerships on July 20th in California. Starting price is around $100,000.
How hard would it be to get a loan to buy a car that expensive for a person with no credit???
How much would you have to pay a month if... on a 72 month plan have to pay off $105,000 with APR being at 25%???
2007-07-04 11:31:37 · 4 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
You are looking at about 2200 a month plus insurance and most likely you will need a bit of upkeep for that sportscar, so I'm guessing owner cost will be in the 2700 a month range.
2007-07-04 11:37:52 · answer #1 · answered by Anonymous · 1⤊ 0⤋
http://www.bankrate.com/brm/popcalc2.asp?unroundedPayment=2693.717712976692&loanAmount=100000.00&nrOfYears=6.00&nrOfMonths=72&interestRate=25.00&startMonth=6&startDay=4&startYear=2007&Submit.x=37&Submit.y=5&Submit=Calculate&monthlyPayment=2693.72&monthlyAdditional=0&yearlyAdditional=0&yearlyAdditionalMonth=6&oneAdditional=0&oneAdditionalMonth=6&oneAdditionalYear=2007&paidOffDate=Jul+4%2C+2013
PS: No one is going to give you a loan that big. It is highly unlikely that you've got that kind of income while having no credit.
2007-07-04 12:03:42 · answer #2 · answered by Anonymous · 1⤊ 0⤋
25% APR is ridiculous, and it's $2200 including insurance fees, but 1-2 cents a mile to operate?! Hell yeah!
2007-07-04 12:21:19 · answer #3 · answered by peanutbuterjellytime 3 · 1⤊ 1⤋
But it costs only about 1 -2 cents a mile to operate, think of how much you will save without buying gas, and imagine what the gas prices are going to be in a few years. It is also very good for the environment. Imagine how good it will feel to go by a gas station and say "No Thanks!".
2007-07-04 11:34:04 · answer #4 · answered by Steve C 7 · 1⤊ 3⤋