if i put the lowest amount of money down. i want to know my monthly payments. roughly.
2007-11-14 08:58:21 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
3 yr loan at 7.11% (which is the average in my home state) for the full amount would be $1237/mo ($44535 total loan)
3 yr loan at 7.11% with a down payment of $5k would be $1082/ mo (total loan of $39868 not including initial $5k)
If you have to get a longer loan you really need to put more money down so you aren't "upside down" on your loan. Some people would even say if you have to go with a longer loan than 3 year then you can't afford that car.
I used the calculators on M S N autos http://moneycentral.msn.com/loan/loan.aspx?iType=3
2007-11-14 10:13:33 · answer #1 · answered by voluntarheel 5 · 0⤊ 0⤋
Use this amortization schedule. You can put in any amount to finance and use a reasonable interest rate, and it will tell you the payments.
http://www.sussexcountyonline.com/amort.html
2007-11-14 17:23:02 · answer #2 · answered by Flatpaw 7 · 0⤊ 0⤋
depend on you credit score a 560=1100 720=825 for 5years roughly.
2007-11-14 17:09:06 · answer #3 · answered by jgonzos6 4 · 0⤊ 1⤋
About $60,000 with interest, maybe more after you add the extras.
That is $1,000 per month on a 5 year loan.
2007-11-14 17:02:41 · answer #4 · answered by Feeling Mutual 7 · 0⤊ 0⤋