How much a month are you guys/girls paying? If I were to put 2k-4k down on a 5 year loan what should I expect.

Payment Calculator (http://pages.ebay.com/ebaymotors/monthlypaymentcalc.html?ficenter=1&price=31000)

Perfect Auto Loan Calculator (http://www.myfico.com/myfico/CreditCentral/Calculators/AutoLoan.asp)

Loan calcs suck!! I took a loan out for my vette my loan was for 22,500 and a 4 year plan and im only paying 410 a month, on the loan calc it said over $500 a month and I even added a lower % then I got on my loan and it was still higher, I tryed this on many sites and got the same responce.

My car was a little over 30K, total amount of purchase with tax and tags was right around 32K. I put down $2600, financed 29500 at 4.9 and my payments are 560 for 60 months.

I good loan calculator is always right, as long as you are comparing the same figures. If it is not matching up with your current loan, or fianancing offered by a dealer, you need to find out why.

$22,500 at 4yrs (48months) and 0% interest is $465 a month. You are either in a 5yr or greater loan, or you are in some back end loan where you will still owe money after 4yrs.

$0 I don't buy a car unless I can pay for it in cash. I know that doesn't always make the best financial sense but I just don't want a monthly bill be detrimental to my enthusiasm - especialy after having the car fora couple of years.

Thats not what this post is about, it doesnt say how many of you paid in cash.

Originally posted by sindows98
How much a month are you guys/girls paying?

Originally posted by goodyrx8
$0 I don't buy a car unless I can pay for it in cash. I know that doesn't always make the best financial sense but I just don't want a monthly bill be detrimental to my enthusiasm - especialy after having the car fora couple of years.

Good for you! I did that with my previous car, and was less stressful.

With the RX8, I put half down, payments are 277 a month. I can live with that.

Originally posted by goodyrx8
$0 I don't buy a car unless I can pay for it in cash. I know that doesn't always make the best financial sense but I just don't want a monthly bill be detrimental to my enthusiasm - especialy after having the car fora couple of years.

It makes financial sense if the interest you'll pay is more than the interest that same money could earn if you didn't spend it on a car.

OTOH, it's really nice not having any car payments. :)

4.9 apr is good
I work for a sub prime auto lender and I see people with 25 percent interest all day

Originally posted by mikeb
4.9 apr is good
I work for a sub prime auto lender and I see people with 25 percent interest all day


25%, whoa!

Mine is 3.3%

Originally posted by mikeb
4.9 apr is good
I work for a sub prime auto lender and I see people with 25 percent interest all day

I had a friend who had something like that on a del Sol, of all cars- he was paying an insane amount every month, and the car finally got repossed. Scary stuff!

Sindows, how much is the 8 you're looking at? Mine was fully loaded, I put down $9500, and my payments are about $450 for 60 months (though we plan to pay it off before the warranty is up).

Originally posted by sindows98
Loan calcs suck!! I took a loan out for my vette my loan was for 22,500 and a 4 year plan and im only paying 410 a month, on the loan calc it said over $500 a month and I even added a lower % then I got on my loan and it was still higher, I tryed this on many sites and got the same responce.

All of the loan calcs I have every tried are pretty accurate. Give me the exact amount you plan to finance, the interest rate and the number of months and I will calculate the exact monthly payment on my HP 12C (financial calculator)

BTW, what is the exact interest rate on your Vette loan?