I will be having someone co-sign on the X-8 as I just started my own business. The person who is co-signing has worked for 30 years and makes around $3,000 to $4,000 a month maybe more not sure. My question is, how much will I be paying a month for the car? I would like to get the payments as low as possible.

Thanks in advance.:D

leasing or buying?

their/your credit rating?

Location?

Lots of little details will make things different.

And most importantly, how much of a downpayment!?!
if you pay off the entire amount, your monthly will be ZERO!!!:D

Although I prolly have SOME credit, Ill be using theres.

Prolly a $2,000 down payment.. Not enough? Tell me what you think?

Utah.

Buying.

Thanks. :p

There credit rating is REALLY good for sure also...

Bump:o

Checkout www.eloan.com or peoplefirst.com, get pre-approve. Once you get a good rate, bring the blank check to the dealer. Their, dealer will either take the check or try to beat the rate; Low down => High payment, High down => Low payment, you do the math. With 10k down, I have a monthly payment of $603.

OMG 603 with 10k down. That does not seem right to me.

Originally posted by RotorGeek
OMG 603 with 10k down. That does not seem right to me.

You need to know the term. I have $605/mo with $3K down at 5% interest for 66 months from Mazda. I'm gonna pay all I can for two months, like $2-3K more including the college grad rebate I'm gonna get, then refi at my credit union at 3.9%. This should bring my payments down close to $500/mo.

Originally posted by 8_wannabe


You need to know the term. I have $605/mo with $3K down at 5% interest for 66 months from Mazda. I'm gonna pay all I can for two months, like $2-3K more including the college grad rebate I'm gonna get, then refi at my credit union at 3.9%. This should bring my payments down close to $500/mo.

This doesn't sound right either.

Originally posted by Digisan


This doesn't sound right either.

It's easy to check. find a financial calculator. I use USAToday.com; click on Money, then click on Calculators on the left of the screen. Mine comes up $590 'cause the numbers I gave you aren't precise.

With all the taxes and lincense & theft protection plan, the total cost of the car come out to be around 38K, with 10K down, I still have to finance ~28K, with 3.09% interest for 4 years. (28k + (28k*3.09%))/48 = ~600 a month, so there you have it.

Go to: http://autos.yahoo.com/finance/calcloan.html, you can play around on those parameters, it'll show your monthly payment.

wow and I thought my projected monthly payments were a lot. Considering insurance and car payments I have a $400 ish monthly payment. I did all the math, but unfortunately its on my other computer which decided to break...

I have 3.99 interest. Hopefully through Capital One (People First) and Costco - it will be 3.25.

I am putting $18000 down. Getting a loan for another $16000. So that puts me at $34000 total. I calculated tax, license, fees, etc. on top of my $31200 price.