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kristen92450
LIF Adult
Member since 11/05 1041 total posts
Name:
kristen
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personal question-car related
Did you finance your car..If so what are your payments. MY DH went to look at a car. We were told our interest would be 7% and our payments $488 a month that is only for a Pilot..I am so stressed. Do you think that is reasonable? Thanks
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Posted 8/7/07 9:44 PM  |
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drewsgirl
My loves
Member since 5/05 3221 total posts
Name:
Amanda
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Re: personal question-car related
i financed my truck but got 0% and my payment was 388.14....can you wait until they lower the % to get it..seems high to me but not sure what others have found.
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| Posted 8/7/07 9:46 PM |
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sunflowerjesss
Mommy to 3!
Member since 10/05 20369 total posts
Name:
Jesss, duh.
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Re: personal question-car related
I don't have a payment anymore because I paid the car off early. But I put 1,000 down and got 6% interest rate, wound up with a payment of $280ish a month...but that was a car, not SUV.
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| Posted 8/7/07 9:59 PM |
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jellybean78
:)
Member since 8/06 13103 total posts
Name:
Mommy
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Re: personal question-car related
Posted by kristen92450
Did you finance your car..If so what are your payments. MY DH went to look at a car. We were told our interest would be 7% and our payments $488 a month that is only for a Pilot..I am so stressed. Do you think that is reasonable? Thanks
IMO that is not a bad price for the Pilot. Is it a new pilot or a used Pilot? How many years is the loan? If it is used thats a good interest rate...if it's new then you should see if you can get something lower. The 0% financing however usually comes with terms like 36 month loan so the payments are usually bigger because you don't have much time to pay it off.
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| Posted 8/7/07 10:06 PM |
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Gertyrae
Peace out Homies!
Member since 5/05 20046 total posts
Name:
Gerty ®
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Re: personal question-car related
I bought my truck in '03 got 7% interest and am paying $412 for five years.
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| Posted 8/7/07 10:57 PM |
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Faithx2
All good things in 2016!!
Member since 8/05 20181 total posts
Name:
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Re: personal question-car related
That deal sounds pretty good for a Pilot
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| Posted 8/7/07 11:02 PM |
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MissJones
I need a nap!
Member since 5/05 22132 total posts
Name:
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Re: personal question-car related
We went with the TFCU. By having a money market with them, it lowered our interest rate.
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| Posted 8/8/07 12:29 AM |
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Kissy331
My two miracles!
Member since 5/06 17826 total posts
Name:
Kristen
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Re: personal question-car related
We got 0% financing on both my truck & DH's car. My payment is $554 a month for a GMC Envoy
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| Posted 8/8/07 7:18 AM |
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Re: personal question-car related
I'm not sure what my % is, but I pay $309/month for a 2006 Jetta
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| Posted 8/8/07 7:20 AM |
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lakrav
LIF Infant
Member since 8/07 89 total posts
Name:
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Re: personal question-car related
Just an FYI...just like the car price, if your credit is good the interest rate should be negotiable. The car dealer makes money if they can sell you a higher rate just like a higher price car or all of the extras.
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| Posted 8/8/07 7:47 AM |
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TreAnt427
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Member since 8/06 8652 total posts
Name:
Tracy
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Re: personal question-car related
I financed my car - my rate was 3% and the payment was $391/month for a five year loan
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| Posted 8/8/07 7:58 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: personal question-car related
shop around for a better interest rate. you can also wait another month or so when the dealers are looking to get rid of the 07 inventory. some car makers started their year end clearance events already, and they will just get better.
I think Sept is the best month to buy a car.
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| Posted 8/8/07 8:12 AM |
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Geraldine
Lovin Life........
Member since 5/07 2388 total posts
Name:
Geraldine
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Re: personal question-car related
you might want to consider a lease..... There are a bunch of great deals going on now... we recently looked into a 2007 nissan altima w/3000 down and 89/month payment for 36 months
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| Posted 8/8/07 8:42 AM |
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greenfreak
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Member since 9/06 11483 total posts
Name:
greenfreak
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Re: personal question-car related
We waited until the end of model year and got 1.9%, with 3k down, and a $386. payment for five years on a loaded 2004 VW Passat.
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| Posted 8/8/07 8:44 AM |
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megsm3
Life is Good!!
Member since 8/06 3867 total posts
Name:
M
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Re: personal question-car related
That price sounds about right. We financed a Wrangler for a couple of years and just traded it in for a Pacifica and both were within that range.
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| Posted 8/8/07 8:57 AM |
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leighdvm
My golden boys!
Member since 3/06 4419 total posts
Name:
Michele
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Re: personal question-car related
I received a quote for 7.5% interest on a 2007 Elantra yesterday. I can't believe the interest is so high.....I really need a new car (I currently have a 2000 Elantra), but don't want a high interest rate. The salesman told me I "have to move fast". I don't deal with pressure tactics and hate when they say this. Would I HAVE to finance through Hyundai, or can I use my own bank or something? I'm totally new to this.......
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| Posted 8/8/07 9:14 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: personal question-car related
Posted by leighdvm
I received a quote for 7.5% interest on a 2007 Elantra yesterday. I can't believe the interest is so high.....I really need a new car (I currently have a 2000 Elantra), but don't want a high interest rate. The salesman told me I "have to move fast". I don't deal with pressure tactics and hate when they say this. Would I HAVE to finance through Hyundai, or can I use my own bank or something? I'm totally new to this.......
 of course you have to move fast, he wants to get paid.
PLEASE!
I am in the market for a new car as well but I would absolutely NOT take out a loan at anything near 7%! I will wait it out if I have to.
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| Posted 8/8/07 9:16 AM |
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mrsmck
Be a big girl!
Member since 5/05 4898 total posts
Name:
Donna
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Re: personal question-car related
I'm financing a "certified pre-owned" '99 Honda CRV that I bought in '02. My payments are $289 p/mth. 5 more payments and it's all mine!! 
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| Posted 8/8/07 9:39 AM |
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~Colleen~
my loves...
Member since 5/05 9129 total posts
Name:
guess
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Re: personal question-car related
That seems kind of high...but like someone else mentioned, if you have good credit, the interest rate is negotiable.
I own my car now...and DH will own his next month. His interest rate is 0% with either $7k or $10k down and payments are $399/month (on an Audi A4).
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| Posted 8/8/07 10:27 AM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: personal question-car related
My dh has a loan out for an 03' car-$15,000 and pays $252/month.
My old lease was 04' Jetta at $202/month-his old '99 loan was $149/month.
We use BFCU.
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| Posted 8/8/07 10:47 AM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: personal question-car related
Sorry, duplicate!
Message edited 8/8/2007 10:53:00 AM.
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| Posted 8/8/07 10:52 AM |
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