who in here is good wtih finance?

[Mr_Mechanic]

thanks, i'll keep that in mind.

[flint-rod]

take the 1.9% versus the $1000 cash back if you are going to finance the vehicle... i agree with hmgrock, over the course of the loan, you'll save more...

i just checked my credit union and the auto loan is @ 3.99% apr... granted you have good credit which it sounds like you do... don't be so skeptic about dealerships... sure they may try to get you to tact on more things per what duma said but...

i have financed all of my, at the time brand new, toyotas through the dealership because i did my homework and toyota more often than not offer the best apr... my rav was zero interest through toyota...

my suggestion to you is to negotiate the "out the door price"... depending on where you live sales tax can be as high as 8 plus percent here where i live...

if it were me i'd counter with 34k out the door and financed at 1.9 apr for 60 months...

oh and to me gap insurance was important... gap insurance insures the difference of the value of your depreciated vehicle versus what you owe... have it for at least the very first year you own your new vehicle... after the first year you can call the dealership to have it removed...

[hmgROCK]

your looking at $550-600 monthly auto loan



not including car insurance
maybe $750 total for everythingl
for full coverage



lol

thats alot of drought for a truck
ask yourself if you can afford that

[Mr_Mechanic]

your looking at $550-600 monthly auto loan



not including car insurance
maybe $750 total for everythingl
for full coverage



lol

thats alot of drought for a truck
ask yourself if you can afford that

just ask, and myself tells me.  "YES".

[hmgROCK]

just ask, and myself tells me.  "YES".

You probably got a good paying job
That’s usually a month worth of rent here in Wisconsin

Eating shrimp and lobster during the good time
Gotta be prepared for the rice and bean in the bad time

[theking]

finance guy here..

 

Didn't the OP already said, your "math is off"...

[theking]

lol

says the

$0.000002  guy

sorry but there no such thing has that
money don't go that far backkkk
learn to round

hahahah

Nope, never said that but not surprised that hmgFRAUD is making up "bogus lie"...With that said another PH member did point out his poor basic decimal skills. But instead of learn from it, he foams badly at the mouth...

All good though as that means more epic failure entertainment for me..

[Renaissance]

finance guy here..

just for simple math sake, and rounding
1.9% at $33,600 for 60 months=  $1648 interest that you would be paying to your lender

better buy now
before the interest rate goes up even higher

so my advice
don't take the $1000 cashback
unless you can find a lower rate at the bank
going be hard to be 1.9% espcially with the interest rate going up

Don't you have to discount $1648 to today's dollar value to get a more accurate comparison?  Math problems gives me headaches 

[hmgROCK]

Don't you have to discount $1648 to today's dollar value to get a more accurate comparison?  Math problems gives me headaches 

not sure what you mean by discount.
what im saying is thats the total interest that you have to pay back along with the $33600 loan

here's a good visual i make

assuming that he take that $33,600 at 1.9% for 60 months
as you pay off your loan(principal) you start to pay less interest
cause you owe less now

hopefully this gives you a better visual.

[hmgROCK]

hey yall....

made this Excel worksheet to help you guys calcuate your loan
you can download the file here

enter your loan amount
interest percent
term 6- month=5 years
monthly payment on the first

https://ufile.io/vp06m

hope that help some of yall