Etnies14ps

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

sjt

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

Etnies14ps

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

Etnies14ps

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

Etnies14ps

Bump:o

seikx8

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.

RotorGeek

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

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.

Digisan

This doesn't sound right either.

8_wannabe

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.

seikx8

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.

Efini 8

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.