Hey! Everyone, Im looking to purchase my very first car pretty soon, within a couple of months(december). The car i've been thinking about getting is a 2000-2002 BMW (3 Series). I'm also going to take out a loan from my bank with a 5.99% APR rate for up to 36 are 72 months. The price of the car is about $14.000-$15.000. Do you think this is a good idea? And how much would you think my payments for the car would be?
2007-07-15 11:44:23 · 4 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Only you can decide if the cost is worth it. Just keep in mind the purchase price is just the tip of the tip of the iceberg when it comes to the total cost of owning a car. You should also budget for maintenance, repair, and insurance costs, which for a BMW tend to be higher than most.
You can calculate the potential payment yourself, here's an online loan calculator: http://www.cars.com/go/advice/financing/calc/loanCalc.jsp?mode=full
A $15,000 loan at 5.99% for 36 months would come out to $456/month. However, this is not taking into account sales tax (if you have it in your state) or titling/registration fees. Also, for a car that old, they may not give you a loan for longer than 3-4 years.
2007-07-15 22:38:46 · answer #1 · answered by nevergonnaletyoudown 4 · 0⤊ 0⤋
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2016-09-27 23:06:21 · answer #2 · answered by ? 3 · 0⤊ 0⤋
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RE :Auto Loans?
Hey! Everyone, Im looking to purchase my very first car pretty soon, within a couple of months(december). The car i've been thinking about getting is a 2000-2002 BMW (3 Series). I'm also going to take out a loan from my bank with a 5.99% APR rate for up to 36 are 72 months. The price of the car is about $14.000-$15.000. Do you think this is a good idea? And how much would you think my payments for the car would be?
Follow 3 answers
2016-10-11 00:15:47 · answer #3 · answered by Buffy 6 · 0⤊ 0⤋
First off, do you have great credit? you'll need it to get a 5.9% intrest rate. Second, how old are you? Most people wreck their first car(sad but true). Why does everyone seem to think they need a $15,000 first car? Also take into consideration what it costs to insure and tag your car.
2007-07-15 13:07:44 · answer #4 · answered by egghead 2 · 0⤊ 0⤋
You can instanly receive an online payday loan up to $1000 employing this site: http://loans.servermatrix.org I got our payday loan although I had really bad credit score.
2014-08-31 10:03:35 · answer #5 · answered by Anonymous · 0⤊ 0⤋