Sep 24, 2010 by blazers89 | Posted in Buying & Selling
hi im looking to buy a car soon. im online now searching. some car websites have monthly payment estimators & some dont. do anyone know how to calculate the payments? with 0.0 APR, 60 months & 5 thousand down?
With 0 APR it's easy, just take the loan amount - in your case the purchase price minus $5000 - and divide it by the number of payments, in your case 60.
| Sep 24, 2010
How do you figure out the finance(apr) rate when buying a car?
Feb 26, 2008 by questions1800 | Posted in Buying & Selling
I was looking at car prices at carmax.com and it has a payment estimator, and it says to put the finance (apr) rate, but how do i figure that out?
You need to know the terms of the loan.
I usually put in 7% for a nice even number to work with.
Chek with GMAC, or your local bank to see what the rates are.
tom p | Feb 26, 2008
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