The Honda Fit v Yota Matrix

[battlebot]

thnx haul

[Haul Asp]

You can change titles.

[battlebot]

How? I can't...

[battlebot]

And how much would interest rates be for a person who wants to take out a 19k loan on a new car?

[chrish]

For someone with no credit -

Figure 14% and a co-signer

[Haul Asp]

Originally Posted by battlebot

How? I can't...

Edit, then Go Advanced.

[battlebot]

Figure 14% and a co-signer

That's insane. The reason why I ask is that Chrysler's offering a lifetime powertrain warranty on 06-08 certain model non-srt vehicles that's limited to the first owner. I've spotted an new 06' black on black Crossfire that looks absolutely hardcore for 18k. Divided into 72 months that's only $285 a month. Does that sound about right?

[chrish]

Negativo.

Assume the following -
$18,000 loan
14% interest rate
72 month term

Monthly payments = $370.90

Total you will have paid after 72 months = $26,704.80

MS EXCEL is a beautiful thing...

[Haul Asp]

Don't forget the cost for extended warranty too (which is recommended). Estimate $1,500 and calculate the additional interest on that amount over the 72 month term.

[chrish]

using the same interest rate and term, your new monthly payment is now $401.81


Although - if you get a warranty, see if you can get a break on the interest. Soemtimes, they'll give you a slightly lower interest rate when you have a warranty. It's because they figure you're less likely to coninue making payments on it if it's not running - and if you can't afford to repair it you might just default on the whole thing.