"Wobbles the Mind" (wobblesthemind)
04/18/2016 at 22:08 • Filed to: Dream Garage
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"Wobbles the Mind" (wobblesthemind)
04/18/2016 at 22:08 • Filed to: Dream Garage | 1
| 12 |
Well $500 a month seems to be quickly becoming the average monthly payment for 2016 (in the US). I don’t care how many vehicles you pick or from what model years. Your goal is to be within $20 of that $500 monthly payment total. That said, I’m going to be your lender today. These are my rates, use the term that corresponds to your vehicle:
Model Year 2012 or Newer
1.99% for 48 months
2.49% for 65 months
2.74% for 75 months
2.99% for 84 months
Model Years 2009 to 2011
2.99% for 72 months
Model Years 2006 to 2008
3.49% for 60 months
Model Years 2003 to 2005
5.49% for 48 months
Model Years 1995 to 2002
7.24% for 36 months
Classic Vehicles (restored, 1994 and Older)
8.74% for 60 months
We’ll see how this goes. Google has a car payment calculator that’s easy to work with, but find a vehicle(s) you like first that way you have a reference point. Hopefully this gives you some financial perspective on the vehicles you see on your roads.
djmt1
> Wobbles the Mind
04/18/2016 at 22:17 |
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I’ll be honest, I’ve never bothered to learn how car financing works and I probably never will. Therefore you’re gonna have to tell me whether or this works.
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Wobbles the Mind
> djmt1
04/18/2016 at 22:20 |
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I think that lease is just over $400 a month in the US. You wouldn’t be financing a lease through me, so I say you got it!
TheBloody, Oppositelock lives on in our shitposts.
> Wobbles the Mind
04/18/2016 at 22:31 |
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I’m going to cheat a bit as I just got my dream garage. 1967 Land Rover Series IIa 109 Station Wagon fully paid for and I’ll use the $500 a month to fund the restoration.
Add that to the Land Rover Discovery I already have (paid off) and I’m happy as a pig in shit.
Die-Trying
> Wobbles the Mind
04/18/2016 at 22:32 |
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good ol maths...... gonna be the pre 94 @ 8.74% which to get to 500 was 24000. SO found me a
for 19,500 forward control jeep
j250ex
> Die-Trying
04/18/2016 at 22:41 |
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Major envy over here
Eric @ opposite-lock.com
> Wobbles the Mind
04/19/2016 at 02:07 |
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Easy:
Mind you, this is completely disregarding how terrible these rates are and how I’d never actually take these terms in real life...
Kailand09
> Wobbles the Mind
04/19/2016 at 06:03 |
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I’m still trying to wrap my head around the average car payment being $500 month. Holy shit.
N51fanatic
> Wobbles the Mind
04/19/2016 at 07:10 |
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Median HOusehold Income in the US is 50k, and the average car payment is $500 a month? That's crazy.
Mustafaluigi
> Kailand09
04/19/2016 at 09:22 |
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Notice how a lot of people needlessly drive big SUVs and trucks? Also notice how those vehicles easily get into the 40k’s+? I know more couples who’s combined income, after paying for a house, should not have been able to afford most average SUVs yet there they are. And people made me out like I was frivolously spending money when I spent 26k on a WRX.
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Kailand09
> Mustafaluigi
04/19/2016 at 09:58 |
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No kidding.
I think people must assume every performance car is more expensive. Than it really is
Bryan doesn't drive a 1M
> N51fanatic
04/19/2016 at 11:04 |
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72 month financing, yo
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Bryan doesn't drive a 1M
> N51fanatic
04/19/2016 at 11:06 |
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I just realized that the length of the financing would only lower the monthly payment. I apologize for the mathematical error. It will never happen again...yo