Need some calculations done
#1
Lexus Test Driver
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Need some calculations done
Total cost: 40000
Downpayment: 10000
Interest rate: 6.5
Can someone tell me what i what i would be paying monthly.
Details:
is350 08
lux package
navigation
Downpayment: 10000
Interest rate: 6.5
Can someone tell me what i what i would be paying monthly.
Details:
is350 08
lux package
navigation
#5
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Alright, I was getting numbers like
40000
- 10000
= 30000
6.5%
30000 x .065 = 1950
31950 divided by 72 is 443
So 443 would be the monthly payment?
72 month term
40000
- 10000
= 30000
6.5%
30000 x .065 = 1950
31950 divided by 72 is 443
So 443 would be the monthly payment?
72 month term
Last edited by Zinda; 09-09-08 at 09:22 AM.
#6
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6.5% is pretty high. I think for 5 years you'll be paying 662.50 a month and for six years you'll be paying 579.16 a month. I'm not saying this is precise, this is just based on my calculations.
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#14
Lexus Test Driver
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Open a savings account at Pentagon Federal(I think you need a minimum $20 or something)
To open an account you or afamily member must be in the military or you can donate $20 to one of the "honor the troops funds"
The current rate is 4.75%
http://www.penfed.org/
To open an account you or afamily member must be in the military or you can donate $20 to one of the "honor the troops funds"
The current rate is 4.75%
http://www.penfed.org/