What are your monthly payments?

takimbe · 03-25-2009, 09:26 PM

Monthly Payment: $432 (4.75% APR, 72mo.)
Money Down: $7500
Price Paid: $34520 (with TTL and shipping/8.75% tax because I dont get it until april

)
Location: Orange County, CA

MarcusMIA · 03-25-2009, 11:07 PM

I see some ridiculously appealing numbers...

bluzman · 03-26-2009, 04:49 PM

Quote:

Originally Posted by takimbe

Monthly Payment: $432 (4.75% APR, 72mo.)
Money Down: $7500
Price Paid: $34520 (with TTL and shipping/8.75% tax because I dont get it until april

)
Location: Orange County, CA

72 month loan for a car?? Yikes

MarcusMIA · 03-26-2009, 10:44 PM

Quote:

Originally Posted by bluzman

72 month loan for a car?? Yikes

Wow, I missed that part. lol

MightyBobo · 03-27-2009, 12:10 AM

Quote:

Originally Posted by bluzman

72 month loan for a car?? Yikes

Its just the best way for some people...as long as the rate is sub-5%, I wont knock it.

takimbe · 03-27-2009, 02:14 AM

yeah, I am just planning ahead and using it as a 'just in case' measure. The payments are low, but I didnt mention that I was also going to be paying 1000/month, plus 5k+ of my bonus every March.

If something unforseen does happen in terms of my employment, I wont be paying a ridiculous payment and a 72 month loan allows me to have lower payments and still afford to live and ride out anything that comes my way.

Again, I dont anticipate anything happening with my job, given the amount of work and length of my current contracts. And if that is the way it is, then I will pay off the car in a little over 24 months, maybe even less, and probably end up paying less interest than most of you out there.

I definitely would have gotten a shorter loan (48-60), or just straight waited on getting it, if the interest rate was above 5%, but like one of you said, its sub-5%, so it doesnt bother me. I did this before when I bought my truck back in High School and paid off the entire car (12500) in 6 months doing web work (thank god for the emergence of the internet back then).

tru_Asiatik · 03-31-2009, 06:16 PM

$513 for 60months
8k down
6.25% apr <---

i know it was high but oh well
ill probably refinance down the line later on to get a lower rate

View Poll Results: How much are your monthly payments
$0 -- I own it!	57	22.18%
$200 to $249	3	1.17%
$250 to $299	6	2.33%
$300 to $349	18	7.00%
$350 to $399	19	7.39%
$400 to $449	34	13.23%
$450 to $499	33	12.84%
$500 to $549	27	10.51%
$550 to $599	17	6.61%
$600+	43	16.73%
Voters: 257. You may not vote on this poll

03-27-2009, 02:14 AM	#6 (permalink)
takimbe Base Member Join Date: Feb 2009 Location: San Diego, CA Posts: 223 Drives: 09' PG 370Z w/SP Rep Power: 266	yeah, I am just planning ahead and using it as a 'just in case' measure. The payments are low, but I didnt mention that I was also going to be paying 1000/month, plus 5k+ of my bonus every March. If something unforseen does happen in terms of my employment, I wont be paying a ridiculous payment and a 72 month loan allows me to have lower payments and still afford to live and ride out anything that comes my way. Again, I dont anticipate anything happening with my job, given the amount of work and length of my current contracts. And if that is the way it is, then I will pay off the car in a little over 24 months, maybe even less, and probably end up paying less interest than most of you out there. I definitely would have gotten a shorter loan (48-60), or just straight waited on getting it, if the interest rate was above 5%, but like one of you said, its sub-5%, so it doesnt bother me. I did this before when I bought my truck back in High School and paid off the entire car (12500) in 6 months doing web work (thank god for the emergence of the internet back then). Last edited by takimbe; 03-27-2009 at 02:18 AM.

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03-25-2009, 09:26 PM	#1 (permalink)
takimbe Base Member Join Date: Feb 2009 Location: San Diego, CA Posts: 223 Drives: 09' PG 370Z w/SP Rep Power: 266	Monthly Payment: $432 (4.75% APR, 72mo.) Money Down: $7500 Price Paid: $34520 (with TTL and shipping/8.75% tax because I dont get it until april ) Location: Orange County, CA

03-25-2009, 11:07 PM	#2 (permalink)
MarcusMIA Base Member Join Date: Mar 2009 Location: Cap Hill, Seattle, WA Posts: 71 Drives: '14 370Z Blk MT Rep Power: 18	I see some ridiculously appealing numbers...

03-31-2009, 06:16 PM	#7 (permalink)
tru_Asiatik Track Member Join Date: Feb 2009 Location: so cal Posts: 793 Drives: 2009 370Z 6MT Rep Power: 272	$513 for 60months 8k down 6.25% apr <--- i know it was high but oh well ill probably refinance down the line later on to get a lower rate