What will my monthly payments look like at 4.99% financing? (new member here, hello!)
#1
What will my monthly payments look like at 4.99% financing? (new member here, hello!)
hello everyone!
i have been a member of driveaccord and found a link here. lately i'm leaning towards the 2009 tsx over the 2008 accord.
i will probably be making a $15,000 down payment (is that a lot? too little? i am completely clueless at buying cars).
i saw on acura's website that they are offering 4.99% APR to qualified buyers for 60 months.
how much would my monthly payments be?
if 15,000 is too little, how much more should I pay up front?
if it's too much, what is a good amount to pay up front?
thanks again everyone!
(BTW the 2009 tsx looks AMAZING!!!)
i have been a member of driveaccord and found a link here. lately i'm leaning towards the 2009 tsx over the 2008 accord.
i will probably be making a $15,000 down payment (is that a lot? too little? i am completely clueless at buying cars).
i saw on acura's website that they are offering 4.99% APR to qualified buyers for 60 months.
how much would my monthly payments be?
if 15,000 is too little, how much more should I pay up front?
if it's too much, what is a good amount to pay up front?
thanks again everyone!
(BTW the 2009 tsx looks AMAZING!!!)
#2
At that rate for 60 months, you will be looking at about 20/month per 1000 borrowed. Its a good general rule of thumb
#3
http://www.defenselink.mil/mapsite/carpay.html is one of many loan calculators on the web or you can use a business (or scientific) calculator to calculate it.
#4
Originally Posted by The Dark Knight
hello everyone!
i saw on acura's website that they are offering 4.99% APR to qualified buyers for 60 months.
how much would my monthly payments be?
i saw on acura's website that they are offering 4.99% APR to qualified buyers for 60 months.
how much would my monthly payments be?
Here's a general breakdown of how much you're paying based on 60 month terms at the rate posted, and how much that translates to a balance left on a theoretical $34,000 OTD purchase price (34k - 15k = 19k loan)
3.99% - 18.412/1000 financed = $349.82/mo
4.99% - 18.867/1000 financed = $358.47/mo
5.99% - 19.328/1000 financed = $367.23/mo
#5
Originally Posted by soundmike
The 4.99% is for recent graduates, btw.
Here's a general breakdown of how much you're paying based on 60 month terms at the rate posted, and how much that translates to a balance left on a theoretical $34,000 OTD purchase price (34k - 15k = 19k loan)
3.99% - 18.412/1000 financed = $349.82/mo
4.99% - 18.867/1000 financed = $358.47/mo
5.99% - 19.328/1000 financed = $367.23/mo
Here's a general breakdown of how much you're paying based on 60 month terms at the rate posted, and how much that translates to a balance left on a theoretical $34,000 OTD purchase price (34k - 15k = 19k loan)
3.99% - 18.412/1000 financed = $349.82/mo
4.99% - 18.867/1000 financed = $358.47/mo
5.99% - 19.328/1000 financed = $367.23/mo
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