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How Much Is Your Payment?
Powertrain and trim level choices can really swing the price you pay but I was just wondering how we spread out across the distribution curve of monthly payment pain! |
No offense, but what is the idea behind your poll? My brother and I can order the exact same truck and have 2 totally different payments depending on down payment, length of loan, interest rate and etc.
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Just wanted to see what the most common range of payments is. The variables will just have to be part of it; I got an XL, you got a Platinum, my 524 credit score got me a 17% loan, your 815 got you a 1.9%. It’ll just all have to play into the poll and we’ll read it for what it is. Honestly, I just thought it would be interesting on an otherwise boring Monday night. |
^^Yeah you're going to get all kinds of scenarios. I paid more than half cash and financed the rest
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Originally Posted by ymsmiley
(Post 18251937)
^^Yeak you're going to get all kinds of scenerios. I paid more than half cash and financed the rest
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$530/mo for 72mo. Financed 34k on a 48k MSRP
My 805 credit score could only manage a 4.3% at my local credit union :-X15 |
Paid cash. Company truck.
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Glad to see I'm not the only one at my current (absolutely ridiculous) monthly payment........We have a pretty decent interest rate, but I had to roll my 6.0's remainder into the loan when that POS $%&# the bed on me while traveling....
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We financed 100% (including TT&T) at 2.84% for 60 months. Our two auto loans are our only debts, so it's not as bad as it sounds, and the interest rates (other car is <2%) are much less than typical ROI.
Regards, Jim / crewzer |
I wish I was the one whose parents paid for it!
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Originally Posted by BillyE
(Post 18252288)
I wish I was the one whose parents paid for it!
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Remember that term and rate will greatly influence the payment.
This is the first vehicle I have financed since about 1995. I considered paying off the note when I got home but the interest rate is so low I didn't see the need. Also, because this was a 'spur of the moment' purchase I didn't have that much cash in my checking account so it would have been financed regardless. I traded my previous truck, which wasn't financed and the term is 48 months. |
We all know, the better your Credit score, the better your rate is going to be. Selling you a New vehicle for a few dollars over Invoice isn't enough to keep the lights on. The profits at the Dealership is between the unadvertised Factory to Dealer Incentives and Finance. The Rate they buy your Loan for, and the Rate they sell you the Loan for. Everything else about buying a vehicle is as transparent as it's ever been. Used Vehicles .. thats the money department.
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Originally Posted by mrgrayaz
(Post 18252268)
Glad to see I'm not the only one at my current (absolutely ridiculous) monthly payment........We have a pretty decent interest rate, but I had to roll my 6.0's remainder into the loan when that POS $%&# the bed on me while traveling....
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I suppose another poll might be how many years is the term of your loan?
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