Quote:
Originally Posted by viasevenvai
I doubt you get 0% for 60 with 9k off.
I bought a car 2 weeks ago. They got me in the door by advertising .9% apr for 60 months. Once I negotiated about 10% off they said they can only do 1.5% apr. Minor difference but they'll push every small aspect to their advantage.
Financing through the dealer will help negotiations because they make money on it. But if you negotiate too low they won't give you the best deal/apr. Maybe they will, but not in my most recent experience.
Financing pros recommend to spend 20% of your annual net income on a car. To buy a $50,000 car you would need to make $250,000 AFTER taxes. I highly doubt the OP is in those lines with this post. Not trying to embarrass or knock but I'm just trying to put it into perspective. Of course sports car owners are not the average investor for transportation so 99% of people on here probably don't follow the 20% rule  |
I think your intention was nice, but maybe your facts are just a bit off. I think it is payments, not purchase price.
How much should you spend on a new car? Not more than 20 percent of monthly income, say experts. And that should include payments on all the cars you own, whether you have one vehicle or six. And we're talking about your take-home pay, not your gross income.
http://www.bankrate.com/finance/auto...ou-afford.aspx
So, lets say your payments on the ZL1 are $650 that would mean you need NET income of $3250 to meet the expert's 20% rule. That seems actually a bit high of a payment for making only $3250 but hey...I'm not the "Expert".
I hope that makes everyone feel a bit better
