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Wednesday, May 26, 2010

Buying a car?

if i put $1500 down on a $9500, not sure on interest rate but its from a good dealership( in house financing). what sort of payments should i expect. its a five year loan



Buying a car?

Go to: http://www.bankrate.com/brm/auto-loan-ca...



This will get you what you need.



Buying a car?

well, i financed 5000 on my last car, and my payments are 150/mo..



i%26#039;d take a stab and say 200/mo maybe a little more or less, but that should be close...



Buying a car?

between $199 to $299 a month



Buying a car?

you have to provide an interest rate to calculate exact payments.



Buying a car?

with good rates, 200-250



bad rates, nearly 300



Buying a car?

Well a ball park will be hard considering the fact that it is in house financing I would say the rate is probably going to be a bit high probably somewhere in the neighborhood of 18% so with that we can figure the payment on a 5 year loan at being around the $225-$235 range.



Good Luck!



Buying a car?

Go to bizrate.com there you will find auto loan calculator, just put the numbers in it and will tell you how much is your payment going to be. Also there is a room for extra payments, let say you want to add extra $20 (or any $) each month to your payment and this calculator will show you how many months sooner you will pay the car off.. (You going to beat some of the APR this way).

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