Quote:
Originally Posted by booYA
$500/mo for a civic?
wow
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Depends on what he's doing.
Case 1: 24K financed, 60 months at 7% = $475 per month
Case 2: 15.5K financed, 36 months at 7% = $478 per month
Monthly payments are wonderfully mind numbing...for the dealership.
Flash a low payment in front of a consumer that doesn't do the math and they think they're getting a good deal.
I presumed based on the the tone of what the OP wrote that he fell into a Case 1 and not a Case 2 scenario.