Interest rate on our 3 year loan is 14.75%. I am a happy camper. Love the GXP.
Wow, 14.75%! Isn't that pretty high for a car loan? Especially for a 3 year term.
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GXP, Sly w/ Black Leather Interior, Loaded
Purchased off the lot on 6/30/2007 from dealer stock to replace My Baby, lost on the Tail of the Dragon on 6/25/2007. You can read all about it here, Tail of the Dragon - Accident
Email me if you are interested in joining the Mid-Atlantic Solstice Sky Club (MASSC) for NJ, NY, PA, DE and MDdscheneck@msn.com
My sky was 30,018 I think out the door after taxes, tags, etc.
I had some cash to cover the difference I loaned, so I guess I put down ~7500 cash.
I ended up financing 22,500 at 5% for 5 years. My payments are 462/month but I just have 250bucks of each paycheck going directly to the loan every 2 weeks. I think I figured it out that I'll have it paid off in a bit more than 4 years at worst case.
But like Reed, It's money off the top of my check that I just don't see so I'll raise it a bit each year with my raises.
Don't forget to figure in taxes, fees, extended warranty or whatever.
All said and done...my 32k GXP cost me 38,024.00 to drive home.
but, I got ripped off for about 3K.
Anyway, It's all about what you can afford.
I can estimate your payments for you if you like, so you can be prepared going in.
a 30k loan for five years at 7% will cost you ~592.62 a month.
a 27k loan for five years at 7% will cost you ~533.36 a month.
a 30k loan for five years at 5% will cost you ~566.14 a month.
a 27k loan for five years at 5% will cost you ~509.52 a month.
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Michael
Mean GXP, AC, auto, Ebony Leather, AM/FM/XM 6-Disk CD/MP-3 w/Monsoon, headliner, sport pedals, & Chrome wheels
well, i didn't pay cash. i paid with a check. i live w/ my family, so i have very low overhead. plus, i can write it off through my company so it isn't as expensive as it seems.
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08 Mean GXP
- Magnaflow Exhaust
- Dejon CAI
- O Stubby Antenna
- LightInSight