whats a good apr for used car?
Joined: Oct 2000
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From: Location Location
well you shouldn't need 25K to buy a 20th AE
maybe 22K so with 22K 390/month sounds about right.
maybe 22K so with 22K 390/month sounds about right.
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Originally Posted by WiLL
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Joined: Jun 2002
Posts: 1,197
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From: Milwaukee, WI
The $468 was for a $25,000 loan at 4.74% for 60 months.....
Here is what other amounts (payments) would be for a 60 month loan at a 4.74% rate. Keep in mind that this is just a straight computation......if they do something "creative" with your financing, the payments may change, but at least you now you have a ballpark payment amount. Good luck.
$24,000 loan would be $450.06 per month
$23,000 loan would be $431.30 per month
$22,000 loan would be $412.55 per month
$21,000 loan would be $393.80 per month
$20,000 loan would be $375.05 per month
Here is what other amounts (payments) would be for a 60 month loan at a 4.74% rate. Keep in mind that this is just a straight computation......if they do something "creative" with your financing, the payments may change, but at least you now you have a ballpark payment amount. Good luck.
$24,000 loan would be $450.06 per month
$23,000 loan would be $431.30 per month
$22,000 loan would be $412.55 per month
$21,000 loan would be $393.80 per month
$20,000 loan would be $375.05 per month