Need Help With Calculation...?

RONSTER · 08-20-2004, 09:51 PM

I WANT TO GIVE IN MY CIVIC $15.000.00 BUY A MAZDA RX-8 GT $36.000
60MONTHS 4.9% INTEREST RATE.WHAT KIND OF PAYMENTS WILL I BE MAKING +/-

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DemonRX-8 · 08-21-2004, 12:00 PM

36k-15k = 21k financed = $395.33 per month for a 60 month loan at 4.9%.

5Gen_Prelude · 08-21-2004, 02:00 PM

Mazda's online build and price feature too complex?

Spyder99 · 08-21-2004, 09:27 PM

I think a more realistic price on a GT is $42,000, all in. Not to change the subject, but just making you aware.

RONSTER · 08-21-2004, 10:05 PM

Yes,thank you ...42.000 is reasonable, thats why i put +/- at the end.

John L · 08-30-2004, 05:48 PM

Also, don't forget about the taxes. I'm not sure what the rate is in Quebec, but in Ontario we're at 15% (ouch!) on the difference after trade. So, using your numbers, 36000 - 15000 = 21000 + 3150 (15%) = 24150. Over 60 months at 4.9% would be 454.63. For every $1000 financed it will be $18.83 per month.