[hydroflip]

I will be purchasing my GTR soon and I dont want to pay over 300 a month in payments. I was thinking about putting 30-40k down. Any help would be greatly appreciated. Thank you.

Alfredo

 

[pdisme]

http://www.bankrate.com/calculators/auto/auto-loan-calculator.aspx

 

[hydroflip]

the website you supplied doesnt factor in what the down payment will be.

 

[leaveit2bevo]

the website you supplied doesnt factor in what the down payment will be.

wouldnt you just subtract down payment from loan amount.

 

[pdisme]

the website you supplied doesnt factor in what the down payment will be.

Umm... loan amount = sales price - down payment

 

[equisch3x]

use the autotrader calculator? haha thats what i did..

but anyway i put down 18k and paying 888$ a month

 

[TODGTR]

You can finance $16,000 at 5.0% interest for 5 years and pay $300 per month. For a 6 year term you could finance $18,705.

 

[hydroflip]

thanks for the help

 

[Yodobashi]

Down payment - all of it
Monthly Payment - $0

 

[gtrnxt]

I will be purchasing my GTR soon and I dont want to pay over 300 a month in payments. I was thinking about putting 30-40k down. Any help would be greatly appreciated. Thank you.

Alfredo

I put $40k down on a 2012 and still pay over $1k/month so I think youll need to put down more, alot more.

 

[dexterkatt]

Down payment - all of it
Monthly Payment - $0

This the best way.

 

[SELVERGTR7]

oh this is good, i wont need $100k to buy a gtr..just put down $20k - $30k and loan it

 

[MC]

60K trade in on my 09
31K cash

no payment

 

[gilly6993]

I financed the whole thing in March.....just paid it off last week.....I don't like writing big checks but no problem writing lots of little ones....it's a mental thing

 

[sleepdoc]

Interest rates on auto loans are really good right now. Not a terrible thing to finance 4 years at 1.99% .....

Besides, like gilly said, I don't like the idea of 70k gone in 1 chunk... mental thing 4 sure..

 

[JapLove]

credit union to get 1.99%? That for sure has to be one of the lowest.

 

[sleepdoc]

Penfed. Anyone can join

 

[Dr. SS]

I put 5k down, monthly payment is 1060$, (my car was used, bought for 65k) for me it didn't make sense to put in a lot, as my payments come out of my pre-tax bonuses, thus the car is costing way less then 65k. I financed through penfed @2.49%

 

[r35.2010]

This the best way.

This is the ONLY sensible way, IMHO. I can't imagine paying hundreds of dollars of interest every month over many years for a depreciating asset.

 

[gilly6993]

This is the ONLY sensible way, IMHO. I can't imagine paying hundreds of dollars of interest every month over many years for a depreciating asset.

I disagree....new car rates are as low as 1.79%....that's pretty cheap money.....certainly not "hundreds a month"....