Merry Christmas to ME!

[v.Kamikaze]

Omg 21,000$?!?! And you had to talk him down?! 7% is high as hell for a new car. TAKE IT BACK NOW. Wait to be able to finance the car for a better %! 7% is so high! If my math is correct, you'll pay close to 36,000$ for this car by the time your done paying for it.

her payments are $350... x60, +500 = $21.5k

 

[FuZion]

her payments are $350... x60, +500 = $21.5k

I assumed she was talking about the principle payment. I guess that would make sense now. 7% isn't bad in the long run if you never had a long line of credit before either.

 

[built[4]sin]

kami, did you factor that 7% as compounded annually or as a percentage, monthly?

either way, if you can afford the payments, that's a nice buy, D.

 

[Ghonzo]

kami, did you factor that 7% as compounded annually or as a percentage, monthly?

either way, if you can afford the payments, that's a nice buy, D.

I was about to say the same thing lol

 

[mbenson]

congrats on the new car. I remember the first time I bought a car. Oh the memories...!

 

[v.Kamikaze]

I assumed she was talking about the principle payment. I guess that would make sense now. 7% isn't bad in the long run if you never had a long line of credit before either.

principle only payments are typical for real estate, but not cars.

kami, did you factor that 7% as compounded annually or as a percentage, monthly?

either way, if you can afford the payments, that's a nice buy, D.

car payments dont typically fluctuate. they give you a set amount for a certain number of months, so the 7% + TTL are already included.

 

[Buddhist]

How does it drive? and I almost thought it was a charcoal grey color at first, but its a beautiful car!

 

[Catastrophe]

I'm a lil late, but congrats D!

 

[tuc0]

Congratulations Desire, you did pretty well. It's about $18,500, Out-The-Door. Options?
If $18K (-$500 down) @ 7% for 60mos, then yes, $360/mo, $21,400 Total.

 

[A-Rich]

Congratulations Desire, you did pretty well. It's about $18,500, Out-The-Door. Options?
If $18K (-$500 down) @ 7% for 60mos, then yes, $360/mo, $21,400 Total.

View attachment 11063

Watch out, those options are covered in STDs. haha