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Old 05-08-2009, 03:45 PM   #1
premonition
 
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Should I jump on this deal?

first off i want to know if im reading something wrong here or is this correct.
Just got an email from my dealership about a 0 down 0 APR for 60 months and no payments till june deal. So i did the calculation estimate. I put in there that I would put 4 grand down at 0APR trade in for 5-600 dollars (93 Corolla) and then it says Monthly payments will be 72.77. Question is is that 72.77 a month a real thing or am I dream orrrrrr is there something behind that. My Birthday is May 23rd by the way, and this would be a sweet present.
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Old 05-08-2009, 03:49 PM   #2
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More like $72.77 per week!
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Old 05-08-2009, 03:50 PM   #3
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Quote:
Originally Posted by Paul SS View Post
More like $72.77 per week!
for real? cause it had 72.77/mo
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Old 05-08-2009, 03:51 PM   #4
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You may want to check your math buddy....You are a few hundred off!! at least.
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Old 05-08-2009, 03:51 PM   #5
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36.833283,-76.021958
 
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WHA! 72 bucks a month. Impossible. How much is the car?
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Old 05-08-2009, 03:52 PM   #6
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Wait...$72.77 a month for a 2010 Camaro?
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Old 05-08-2009, 03:52 PM   #7
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23,040
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Old 05-08-2009, 03:53 PM   #8
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anyone have one of those links to the payment calculator?
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Old 05-08-2009, 03:53 PM   #9
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does not compute since we are missing the amount you intend to finance. If you told me you were buying a Camaro 1LT for $24,000 less your $4500 for trade and down payment, then you would be paying $325.00 per month + TTL. (balance of $19,500/60 payments = $325.00/mo.) PLUS T T AND L!!

So, just saw your numbers: $23,040 - 4000 down - 500 trade = $18,540 + tax title and lic. Divide the $18,540 by 60 payments and you get $309.00/month plus tax, title and lic. fees.
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Old 05-08-2009, 03:54 PM   #10
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at 0% you are paying 16.67 per thousand financed for 60 months. So do your own math. I have starte ddrinking so I am not trying math!!!
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Old 05-08-2009, 03:54 PM   #11
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well with the combination of no 0% down, and the mathematical impossibility of $72.77 with that kind of down payment, i would say somethings wrong.
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Old 05-08-2009, 03:55 PM   #12
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I will bet you he did it in a mortgage calulator for like 30 years or something...
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Old 05-08-2009, 03:56 PM   #13
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I got somewhere around 300 a month with this calculator.. Buddy if there was a way to get a 2010 camaro for 72 a month, I would have two right now...

Here is the site i did a search for and used for my calc....

http://www.cars.com/go/advice/financ...c/loanCalc.jsp
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Old 05-08-2009, 03:56 PM   #14
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Ya i found something wrong, I used the edmunds cacluator instead of what was on the GM site, and it came up with around 379 a month.
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