the difference between $222 a month and $265 a month for me, is $2,080 total (minus my extra $500 deposit).
that’s money that I will NOT be spending, so I think I did ok.
the difference between $222 a month and $265 a month for me, is $2,080 total (minus my extra $500 deposit).
that’s money that I will NOT be spending, so I think I did ok.
ah…total cost of car financed was $12,376. sticker price was $13,985.
so i did bring them down a bit.
How long was the loan for the first car, and how long is the loan for the one you bought? Are the interest rates the same?
when i got my car in 2000, I was offered a 12% interest rate from Chase. This is because I basically had no credit history. My uncle gave me 6% instead which saved me some money.
yesterday, I got 3% from Honda. its a 60 month loan. I was first offered $265 a month for 60 months, with a $2,000 down payment. I then got it reduced to $222 a month with $2,500 down.
and as I state above, the price of the car went from $13,850 (+ others fees & crap) down to $12,376 total. I think I did ok.
You might re-read your contract to be certain that it is for 60 months and not 66.
Yup, $222 per month for 60 months…as opposed to $265 a month for 60 months. I just checked again.