Very quick and easy payment calculator - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

OLD_GOAT · 11-23-2011, 01:45 AM

This will get you in the ballpark.

For 72 months @ 7% interest.

price/1000 x 17.

60,000 less 10,000 trade or down payment = 50,000

50,000/1000= 50

50 x 17 = $850 a month. ($852 on Chevy website)

************************************************** *****

For 60 months @ 7% interest.

price/1000 x 20.

60,000 less 10,000 trade or down payment = 50,000

50,000/1000= 50

50 x 20 = $1,000 a month. ($990 on the Chevy website)

************************************************** ******

Again, this isn't exact, but it's as quick and as simple as you can get. It's as close as you can get, being how simple it is to figure out.

Just remember this doesn't include any added warranty, or any life/health insurance. This just gives you an easy starting point.

daveagogo1 · 11-23-2011, 10:51 AM

Numbers are correct although i would rather be dragged a mile through broken glass than ever pay 7% interest. Almost a 7k difference over 1.9% that is nuts.

Jcobra · 11-23-2011, 11:33 AM

Interest should be much lower unless your credit sucks.

velociSSimo · 11-23-2011, 11:45 AM

Even easier! http://www.bankrate.com/calculators/...alculator.aspx

IROCanSS · 11-23-2011, 11:53 AM

Who pays 7%? Yikes.

The IOM Ninja · 11-23-2011, 12:38 PM

Quote:

Originally Posted by IROCanSS

Who pays 7%? Yikes.

Word I'm 19 and that interest rate is twice what I'm paying on my mortgage, you might want to consider getting a few credit cards and putting them away......

.....provided you can even qualify for one. Of course if you were just using 7% as an example then this is different.

sene · 11-23-2011, 12:41 PM

Quote:

Originally Posted by The IOM Ninja

Word I'm 19 and that interest rate is twice what I'm paying on my mortgage, you might want to consider getting a few credit cards and putting them away......

.....provided you can even qualify for one. Of course if you were just using 7% as an example then this is different.

Mortgages are a whole different ball game...

The IOM Ninja · 11-23-2011, 12:58 PM

Quote:

Originally Posted by sene

Mortgages are a whole different ball game...

True but bad credit is bad credit, I got my Camaro financed at 3.9% when I got it I was the main signer.

SlingShot · 11-23-2011, 01:25 PM

Quote:

Originally Posted by The IOM Ninja

True but bad credit is bad credit, I got my Camaro financed at 3.9% when I got it I was the main signer.

That statement sounds as if you had a co-signer ... Hence securing your loan

The IOM Ninja · 11-23-2011, 02:04 PM

Quote:

Originally Posted by SlingShot

That statement sounds as if you had a co-signer ... Hence securing your loan

Yes, at 17 you require a cosigner to buy a $50,000 Performance Car lol, but (and I don't know the OP's age) it's insane that I have better credit at 19 than most people do by the time they are 25 if it's higher than that even more so.

Of course this is getting off topic. I think that we can all agree that anyone who qualifies at 7% should not be buying or financing for that matter, a Camaro ZL1, GT500 392 Challenger ETC. ETC.

bowtiefamily · 11-23-2011, 02:10 PM

Go to google or bing, etc. and type in auto loan calculator and click on bank rate or fllow this link. http://www.bankrate.com/calculators/...alculator.aspx
you plug in your numbers and there it is.

Drake Heminger · 11-23-2011, 03:53 PM

when i was 19 i was getting 2% interest on 40k+ im also have an A+ rating through the best bank in america USAA (:

rgrizzard · 11-23-2011, 04:17 PM

I love how some of you think 7% is high. Just wait till the government settles out financially. The rates will be double digit again, for any loans and mortgages just like they use to be.... Maybe 2-3 years from now, they'll start to shoot up!

Scarrzz · 11-23-2011, 04:36 PM

.

If you can't get a rate of 4% or less, you really should drive something much less expensive until you've got your credit & income working better.

Talk to a credit counselor or search online about how to boost your credit rating, although generally speaking it's an established history of income with very manageable debt ratio. Pay all credit cards down to 10-20 percent of their maximum. My understanding is that carrying a 10% balance is best for your rating.

Never freaking ever max your cards out.

11-23-2011, 01:45 AM	#1
OLD_GOAT 2016 Challenger Hellcat Drives: 2016 Challenger Hellcat Join Date: Dec 2009 Location: Houston, Texas Posts: 122	Very quick and easy payment calculator This will get you in the ballpark. For 72 months @ 7% interest. price/1000 x 17. 60,000 less 10,000 trade or down payment = 50,000 50,000/1000= 50 50 x 17 = $850 a month. ($852 on Chevy website) ************************************************ * For 60 months @ 7% interest. price/1000 x 20. 60,000 less 10,000 trade or down payment = 50,000 50,000/1000= 50 50 x 20 = $1,000 a month. ($990 on the Chevy website) ********************************************** **** Again, this isn't exact, but it's as quick and as simple as you can get. It's as close as you can get, being how simple it is to figure out. Just remember this doesn't include any added warranty, or any life/health insurance. This just gives you an easy starting point. __________________ 2016 Challenger Hellcat.....2016 Corvette Z06 2015 Corvette Z/51.....2014 Charger SRT 2013 Ford Mustang GT.....2009 Pontiac G8 GXP 2009 Corvette Coupe.....2005 Pontiac GTO 1995 Camaro.....1989 Mustang GT 1987 Mustang GT.....1985 Camaro 1976 455 Trans-Am.....1973 Mustang Mach 1

11-23-2011, 11:45 AM	#4
velociSSimo ... well, not yet. Drives: 2012 Chevy Silverado ZL1 Join Date: Apr 2011 Location: NE Ohio Posts: 1,213	Even easier! http://www.bankrate.com/calculators/...alculator.aspx __________________ 1988 Wellcraft St. Tropez / 32' Length / Twin 454ci

11-23-2011, 04:36 PM	#14
Scarrzz No Fear-No Limits- Camaro Drives: '13 ZL1 or Suzuki Hayabusa Join Date: Jul 2009 Location: Louisiana, CO, GA, TX, etc. Posts: 2,033 View My Garage	. If you can't get a rate of 4% or less, you really should drive something much less expensive until you've got your credit & income working better. Talk to a credit counselor or search online about how to boost your credit rating, although generally speaking it's an established history of income with very manageable debt ratio. Pay all credit cards down to 10-20 percent of their maximum. My understanding is that carrying a 10% balance is best for your rating. Never freaking ever max your cards out. __________________ . __________________________________ ................................................The Faithful are Watching.

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11-23-2011, 02:10 PM	#11
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11-23-2011, 04:17 PM	#13
rgrizzard Drives: Wanting New Camaro Join Date: May 2008 Location: Pittsburgh Posts: 191	I love how some of you think 7% is high. Just wait till the government settles out financially. The rates will be double digit again, for any loans and mortgages just like they use to be.... Maybe 2-3 years from now, they'll start to shoot up!