Descent credit -- new car???

[zachzchw 5,000+ posts]

http://www.google.com

 

[Flipx99 5,000+ posts]

look online for a payment calculator or an amortization(sp) table.
*edit GOOGLE rocks in less than 1 sec. I found this. http://www.edmunds.com/apps/calc/CalculatorController?mktcat=carcalculator&kw=car+payment+calculator&mktid=ga9911315

my calculator > google search

 

[hzsogood 5,000+ posts]

i found out the easiest way to figure out your average monthly payment at about 10% interest is to double the price of the car ( or what you'll be financing ) and use the first 3-4 numbers off the total, and that will be a good guess of a month payment ex..

Finance $22,000

x2

= $44,000

So im guessing around 440/month??

 

[turn it up 10+ year member]

this is a good place here

http://www.bankrate.com/brm/auto-loan-calculator.asp

I was crunching out some numbers for my next car too hehe..

 

[Flipx99 5,000+ posts]

I already told you monthly payment: 424.94

 

[djman37 5,000+ posts]

my calculator > google search

google search car payment calculator

from you flipx!//content.invisioncic.com/y282845/emoticons/biggrin.gif.d71a5d36fcbab170f2364c9f2e3946cb.gif

I orginally had a number, but I think it is wrong now.
I keep getting 424.94

424.94*60=$25,496 which sounds right but I am thinking I am overthinking it

we don't know all his details.

 

[Flipx99 5,000+ posts]

i found out the easiest way to figure out your average monthly payment at about 10% interest is to double the price of the car ( or what you'll be financing ) and use the first 3-4 numbers off the total, and that will be a good guess of a month payment ex..

Finance $22,000

x2

= $44,000

So im guessing around 440/month??

You said the car was 20k, not 22k.

New payment: 467.34

 

[Flipx99 5,000+ posts]

google search car payment calculator
from you flipx!//content.invisioncic.com/y282845/emoticons/biggrin.gif.d71a5d36fcbab170f2364c9f2e3946cb.gif

we don't know all his details.

I use a financial calculator for my class. (finance major) I am not used to 'real world' applications of my 'knowledge' yet. I am kind of hesistant because it is not a test, it is real world (if you will)

 

[djman37 5,000+ posts]

I use a financial calculator for my class. (finance major) I am not used to 'real world' applications of my 'knowledge' yet. I am kind of hesistant because it is not a test, it is real world (if you will)

that's cool.

I got my Xterra in '03 for 1.9%, 5 years.

 

[Flipx99 5,000+ posts]

that's cool.
I got my Xterra in '03 for 1.9%, 5 years.

You pay more in 5 months than the combined total of every car I have ever owned (just two)

But since I graduate in 12 days and I have one guarenteed job @ $35k. I am thinking of buying a recent car.

 

[hzsogood 5,000+ posts]

You said the car was 20k, not 22k.
New payment: 467.34

Thanks for the math work //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif .. I wasnt to far off with the way that i went tho , thats all i was sayin.. Just a quick way for ppl to get a good idea of where they'll be..

I wanted to be under 400 , and the easiest way to do that ( i thought) was to just go to 72 mths.. Since every 1000 you put down is only about 15-20 bux off your monthly payment.. So when i look at it that way id rather pay 420/month instead of 400 and have an extra 1000 to play with , new system springs, etc

 

[hzsogood 5,000+ posts]

even tho a new ride is a bad investment , it is a honda and a si at that and from what i hear they hold resale like crazy, and will obviously run forever

 

[djman37 5,000+ posts]

You pay more in 5 months than the combined total of every car I have ever owned (just two)
But since I graduate in 12 days and I have one guarenteed job @ $35k. I am thinking of buying a recent car.

X was the first car I've financed in a while. '91 Volvo GL, '94 Volvo 940T, '95 BMW 525i, all cash. I hate car payments.//content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif

 

[Flipx99 5,000+ posts]

X was the first car I've financed in a while. '91 Volvo GL, '94 Volvo 940T, '95 BMW 525i, all cash. I hate car payments.//content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif

88 cutlass and 89 cutlass (300 and 800 respectively)

 

[hzsogood 5,000+ posts]

Im going 60 months for sure... I just wanted it to be around 400.. Where else can i go to check for a loan , or is there a good place to check ? I belong to a credit union,and a mid sized bank ( republic ) ..W a score of 640 i'm sitting at 11.2% , i want to be in the sub 8%.. And does anyone know or can you figure out exactly how much each % of intrest raises your monthly payment?? base off $20,000