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What are your monthly payments?


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#1 g3ninfinite Posted 04 May 2009 - 01:20 AM

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If you dont mind please list your:

Selling price
Down Payment
APR
Monthly payment.



#2 AutoXGTR Posted 04 May 2009 - 01:50 AM

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View Postg3ninfinite, on May 3 2009, 09:20 PM, said:

If you dont mind please list your:

Selling price
Down Payment
APR
Monthly payment.


You can calculate your own possible numbers.

use
http://www.bankrate....calculator.aspx

For my credit union (based on credit rating) I could get 3.25% with at least 10% down.

Assuming selling price for 2010 of $84K plus tax = 87.5K

$8750 down if 10% and pick a loan duration (we can use 6 years)

Balance for loan = $78750

Monthly payments $1205

If 20% down then balance for loan is $70K

Same rate and duration gives payments of $1071

Payment amounts go up with shorter loan duration and down if your down payment is larger

Or you can get a home equity loan and write off the interest on your taxes if you qualify.

How much did you want to pay?


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#3 g3ninfinite Posted 04 May 2009 - 10:47 AM

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View PostAutoXGTR, on May 4 2009, 12:50 AM, said:

You can calculate your own possible numbers.

use
http://www.bankrate....calculator.aspx

For my credit union (based on credit rating) I could get 3.25% with at least 10% down.

Assuming selling price for 2010 of $84K plus tax = 87.5K

$8750 down if 10% and pick a loan duration (we can use 6 years)

Balance for loan = $78750

Monthly payments $1205

If 20% down then balance for loan is $70K

Same rate and duration gives payments of $1071

Payment amounts go up with shorter loan duration and down if your down payment is larger

Or you can get a home equity loan and write off the interest on your taxes if you qualify.

How much did you want to pay?

Im trying to get my payments in the 9XX dollar range



#4 Ev0H8t3r Posted 04 May 2009 - 05:55 PM

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$347 a month ;)


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#5 g3ninfinite Posted 04 May 2009 - 06:12 PM

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thanks for that



#6 AutoXGTR Posted 04 May 2009 - 10:53 PM

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View Postg3ninfinite, on May 4 2009, 06:47 AM, said:

Im trying to get my payments in the 9XX dollar range


$900 range would be possible if you put more down on the car or take a longer loan duration or get a better rate.

It's difficult to get a lower rate as it bottoms out about 3% but you might qualify for something under special circumstances- check with various lendors.

Longer duration loans reduce monthly payment but increase the amount you pay in interest.

A combination of funding might be possible- like getting a home equity loan for the down payment which reduces the total loan and lower month payments but you have a home equity loan to deal with although you could write off the interest when you file your tax returns.

Or you can borrow against your 401K if you have one since the return on interest for investments right now is really low you can loan the money to yourself and pay it back. This could be used to lower your loan total and reduce monthly payments.

$347 a month is not going to be possible for many of us. Check to see if you can qualify.


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2009-2014 Season Pax Overall 12th tied 2010/ 13th tied 2011/ 10th 2012/ 10th tied 2013/10th 2014

#7 yano Posted 05 May 2009 - 09:07 PM

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View PostEv0H8t3r, on May 4 2009, 05:55 PM, said:

$347 a month ;)
:) :) :) :) :) :) :irock: :irock: :irock: :irock: :irock:


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#8 blitzm2200 Posted 08 May 2009 - 01:32 AM

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.

Edited by blitzm2200, 15 May 2009 - 07:09 PM.




#9 Ev0H8t3r Posted 09 May 2009 - 09:11 PM

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^ damn man $175K where they heck do you live?
In some ares of the states that a brand new house...lol

^^ yeah man thats the only way the wife will let me mod this car is with decent payments...lol


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#10 speedracer Posted 12 May 2009 - 12:32 AM

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mine is 750. a month for 5 yrs.



#11 blitzm2200 Posted 12 May 2009 - 01:11 AM

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Edited by blitzm2200, 15 May 2009 - 07:09 PM.




#12 Kislik Posted 12 May 2009 - 12:17 PM

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0 :)


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#13 LuckyEff Posted 13 May 2009 - 03:53 PM

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View PostKislik, on May 12 2009, 11:17 PM, said:

0 :irock:

hahahahahahahaha


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HYBRID




#14 nubbin Posted 14 May 2009 - 12:25 AM

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View PostKislik, on May 12 2009, 02:17 PM, said:

0 :nana:

+1


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#15 r35.2010 Posted 15 May 2009 - 03:31 PM

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View PostKislik, on May 12 2009, 11:17 AM, said:

0 :lmfao:

Yup...  :cheers:



#16 NickTO Posted 15 May 2009 - 04:22 PM

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:)

Edited by NickTO, 18 September 2013 - 10:26 PM.



--

I am no longer active on this site.

#17 Ryno Posted 15 May 2009 - 04:31 PM

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View Postg3ninfinite, on May 3 2009, 09:20 PM, said:

If you dont mind please list your:

Selling price
Down Payment
APR
Monthly payment.


selling price $80,997 + Tax and License= $89,883
Down Payment= $89,883
APR= N/A
Monthly payment= N/A

HAPPY 30TH BIRTHDAY TO ME!


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#18 scarface Posted 15 May 2009 - 05:51 PM

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View PostAutoXGTR, on May 4 2009, 11:53 PM, said:

$900 range would be possible if you put more down on the car or take a longer loan duration or get a better rate.

It's difficult to get a lower rate as it bottoms out about 3% but you might qualify for something under special circumstances- check with various lendors.

Longer duration loans reduce monthly payment but increase the amount you pay in interest.

A combination of funding might be possible- like getting a home equity loan for the down payment which reduces the total loan and lower month payments but you have a home equity loan to deal with although you could write off the interest when you file your tax returns.

Or you can borrow against your 401K if you have one since the return on interest for investments right now is really low you can loan the money to yourself and pay it back. This could be used to lower your loan total and reduce monthly payments.

$347 a month is not going to be possible for many of us. Check to see if you can qualify.

401K?? Do you mean 201K?? :cheers: I know a few people that bought homes for investments, within 1-2 yr, the value of the house goes from $300,000 to $800,000.  They take out an equity line on the house to buy a few ferraris and lambos and paid in full.  Once the real estate market tanked, their homes are in forclosure but they get to keep all the toys because it was paid in full.  I have a friend with 1 430 Ferrari and a P640 Lambo, has no credit because he walked away from a few homes, he's renting an apartment now and sold his 2 other 911s for cash. You just got to know how take advantage of the system.


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#19 REK125 Posted 15 May 2009 - 06:12 PM

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Who cares what anyone paid for their car?  Anyone who goes into a retirement account to pay for a car needs psychiatric evaluation.  If you can't afford it on your current income then don't buy it.



#20 Ev0H8t3r Posted 15 May 2009 - 07:36 PM

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View PostREK125, on May 16 2009, 10:12 AM, said:

Who cares what anyone paid for their car? Anyone who goes into a retirement account to pay for a car needs psychiatric evaluation. If you can't afford it on your current income then don't buy it.


lol how do you think our whole economy got to where it is now?! all these dumb people buying houses they cant afford and dumb ass banks giving them loans...F-ing retards, my penis has more common scense then those retards at the banks.


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