Down payment, intrest %, years & monthly payment? - Page 3 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

camaroluver · 08-24-2009, 12:23 PM

Quote:

Originally Posted by haleyd

they aren't letting anyone do a 6 year loan right now i guess so what you are saying makes sense... and cara (the manager at my CU) told me that in a round-about sort of way. it still just makes NO sense to me. but i guess it doesn't matter, nothing i can do to change it so i just need to either put more down to get my payments where i want them with a 5 year loan, or find someone that will finance me for 6.

It does make sense but it doesn't....I've had lenders in the past try to push the 6 yr loan on me and tell me I can always pay it off in 5 just pay more per month. This is honestly the first time i have gone with a 6 yr loan on a vehicle. It is your choice but I would definitely look somewhere else if you really want a 6 yr loan.

haleyd · 08-24-2009, 02:09 PM

Quote:

Originally Posted by camaroluver

It does make sense but it doesn't....I've had lenders in the past try to push the 6 yr loan on me and tell me I can always pay it off in 5 just pay more per month. This is honestly the first time i have gone with a 6 yr loan on a vehicle. It is your choice but I would definitely look somewhere else if you really want a 6 yr loan.

i've never had a 6 year loan either, but of course i have only had one loan and it's a 5 year LOL! i would like to not have to have a 6 year but it just would work better with my budget if i could do that. i will try to pay 400 a month no matter what like i do now on my grand prix, but it's always nice to know that you don't HAVE to pay that much if you're a little tighter on money one month... know what i mean?!?

Michael_Js · 08-24-2009, 03:28 PM

Hmm...why does mine seem so high?

MSRP - 2SS/RS, IOM interior, GFX, IOM Stripes - $40,030
T,T&L ~ $4,200
Down payment - $11K
3.99 for 60 months ~ $612 a month
These doesn't take the extended warranty into account - if I get one.

n-shane@hotmail.com · 08-24-2009, 03:40 PM

2lt rs automatic.... 33,500w/ TT&L

im 19...
putting 24K down
3.9& APR (with 897 credit scorE!! thanks dad..lol) for 5 years.
payments of roughly $183/month

67 Convertible · 08-24-2009, 03:52 PM

$31,800 12k down, 20K @4.9% for 5 yrs. = $379 per month.

DocHolliday · 08-28-2009, 01:32 PM

[QUOTE=haleyd;835117]my credit union says that there is no reason why i can't pay 370 a month. QUOTE]

Tell them there's no reason you couldn't pay $1000 a month, but you're not going to do that either. It's not up to a CU to decide what you feel comfortable paying. Thats total

haleyd · 08-28-2009, 02:13 PM

[QUOTE=DocHolliday;856010]

Quote:

Originally Posted by haleyd

my credit union says that there is no reason why i can't pay 370 a month. QUOTE]

Tell them there's no reason you couldn't pay $1000 a month, but you're not going to do that either. It's not up to a CU to decide what you feel comfortable paying. Thats total

LMAO! i thought that too. actually i guess they decided (i found this out a few days ago) that they aren't letting anyone do a 6 year loan right now. oh well, a 5 is no big deal... i'll just save an extra 1000 before i get my car! i've decided to wait until i have all the money saved up then i'm going to order... that way once i order i'll still have a little while to save even MORE!

edit: sorry, don't mean to make this about me "whining about my car"... LOL!!!!

IROCanSS · 08-28-2009, 02:55 PM

MSRP: $35,900 + tax, title, license...
Paid GMS: $33,300 + tax, title, license and a car cover. Came to $36,100 out the door.
$500 deposit down
Financed $35,600 @ 4.74% for 72 months = $265 every two weeks through my CU.

Not sure why you want to know, its simple math and all the numbers are out there...

MSRP you can get online
Standard APR you can get online
Plenty of loan calculators online

Really the question comes down to what did people pay, what did they put down and how long did they finance it for..

DkknightX · 08-28-2009, 03:00 PM

17K down and $505.00 a month at 7.1% for 72 months. Car was $40,395.00 MSRP. I'm refinancing today to get my interest rate down to 4.7% for 60 months with Chase Auto Refinance and my wife co-signing. Payments will be $550.00 a month. Loan will be under 28K.

traip93 · 08-28-2009, 03:08 PM

damn I paid $34,300 for my 2LT (all upgrades, con pkg, 20", ambient lighting, etc) except manual and no RS. Seems a couple of you got much cheaper deals with automatic trans & RS included...I hate dealers.....I live north of Atlanta and I got one of the first ones in the area.

Financed $35,000 (Car price + GAP and Extended Warranty + Tax/Title), $2000 down(so I paid $37,000). 7% interest, $533 a month, 66 months.....I got a sun roof and slash gaurds too...couple more grand for those.

CWI · 08-28-2009, 06:38 PM

Nunya

tones2SS · 08-28-2009, 06:38 PM

Quote:

Originally Posted by haleyd

i've never had a 6 year loan either, but of course i have only had one loan and it's a 5 year LOL! i would like to not have to have a 6 year but it just would work better with my budget if i could do that. i will try to pay 400 a month no matter what like i do now on my grand prix, but it's always nice to know that you don't HAVE to pay that much if you're a little tighter on money one month... know what i mean?!?

Yes, that makes total sense. I did that with my '05 Dodge Ram Daytona. Paid it off in 3 years. Extra cash, put towards the debt.

I think it's not so much the banks that are being tough, it's the way they are being regulated now adays because of all the people that took out loans that couldn't afford them to begin with and screwed themselves and the banks. I think their just being "extra" cautious.
Have you tried financing through GMAC? They may be able to do that 6 year type of loan.
GOOD LUCK!

CWI · 08-28-2009, 06:38 PM

Business

lsgun · 10-23-2009, 02:49 AM

Looks like the lowest interest rate is 3.6%....... I had a preapproaved check from my bank at 3.9 but the finance officer at the dealer was able to one up my bank...

08-24-2009, 03:28 PM	#31
Michael_Js SoCal C5 Family Member Drives: 2010 Camaro SS/RS - Black w/IOM; 6M Join Date: Jul 2009 Location: San Diego, CA, USA Posts: 5,298 View My Garage	Hmm...why does mine seem so high? MSRP - 2SS/RS, IOM interior, GFX, IOM Stripes - $40,030 T,T&L ~ $4,200 Down payment - $11K 3.99 for 60 months ~ $612 a month These doesn't take the extended warranty into account - if I get one. __________________ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~ 2010 Black 2SS/RS; 6M; IOM, GFX, sunroof; ADM Race CAI; Zoomers CB; Viper Alarm; Pdaft F&R sways, Adj Endlinks, Rtrailing arms, Camber kit, strut brace, Front Trailing Arm Bushing; SLP Skip-Shift Elim; Tinted lights/windows; Hurst Short-throw; LoJack; Door & Dash ABL Mods; ********; JBA Shorty headers; AACStyle LEDs; Stillen DS rotors, Hawk Ceramic pads; Havoc Blk Chrome wheels: 20x9s; Lingenfelter Blk Al Pedals; RevXtreme Catch Can; Goodridge SS lines; Ported TB; RK Sport hood; Hotchkis chassis brace; KW V3 coilovers;

08-24-2009, 03:40 PM	#32
n-shane@hotmail.com Drives: 2010 MAROOOOOO Join Date: Jun 2009 Location: GLENDORA, CA Posts: 350	2lt rs automatic.... 33,500w/ TT&L im 19... putting 24K down 3.9& APR (with 897 credit scorE!! thanks dad..lol) for 5 years. payments of roughly $183/month __________________ THIS CAR IS AMAZING!!!!!

08-24-2009, 03:52 PM	#33
67 Convertible Drives: 67 Camaro Convertible Join Date: Jun 2009 Location: MA Posts: 1,718	$31,800 12k down, 20K @4.9% for 5 yrs. = $379 per month. __________________ _____________________________________________ 2LT/RS RJT, Blk Rally Stripes, Beige Interior, Sunroof Placed order at dealer 4/24/09 1100 - 4/28/09 2000 - 5/01/09 2500 - 5/05/09 3000 - 5/05/09 3300 - 5/30/09 3400 - 6/05/09 3800 - 6/18/09 4000 - 6/18/09 4B00 - 6/18/09 4200 - 6/22/09 5000 - 7/01/09 6000 - 7/01/09 It's Home!! 0000 - 7/14/11 Traded in with 24,000 miles. Currently 5th Gen less

08-28-2009, 01:32 PM	#34
DocHolliday Drives: '14 Blade Silver Z51 Join Date: Jun 2009 Location: Northern Virginia Posts: 558	[QUOTE=haleyd;835117]my credit union says that there is no reason why i can't pay 370 a month. QUOTE] Tell them there's no reason you couldn't pay $1000 a month, but you're not going to do that either. It's not up to a CU to decide what you feel comfortable paying. Thats total __________________ Say When

08-28-2009, 03:08 PM	#38
traip93 Drives: Ralley Yellow, Black Sripes 2L Join Date: Aug 2009 Location: North of Atlanta Posts: 72	damn I paid $34,300 for my 2LT (all upgrades, con pkg, 20", ambient lighting, etc) except manual and no RS. Seems a couple of you got much cheaper deals with automatic trans & RS included...I hate dealers.....I live north of Atlanta and I got one of the first ones in the area. Financed $35,000 (Car price + GAP and Extended Warranty + Tax/Title), $2000 down(so I paid $37,000). 7% interest, $533 a month, 66 months.....I got a sun roof and slash gaurds too...couple more grand for those. __________________ Chad 2Lt Last edited by traip93; 08-28-2009 at 10:11 PM.

08-28-2009, 02:55 PM	#36
IROCanSS Account Suspended Drives: 89 IROC 350 Join Date: Mar 2009 Location: Back roads, southern Ohio Posts: 12,504 View My Garage	MSRP: $35,900 + tax, title, license... Paid GMS: $33,300 + tax, title, license and a car cover. Came to $36,100 out the door. $500 deposit down Financed $35,600 @ 4.74% for 72 months = $265 every two weeks through my CU. Not sure why you want to know, its simple math and all the numbers are out there... MSRP you can get online Standard APR you can get online Plenty of loan calculators online Really the question comes down to what did people pay, what did they put down and how long did they finance it for..

08-28-2009, 03:00 PM	#37
DkknightX Account Suspended Drives: 2006 Chevrolet Cobalt SS/SC Stage 2 Join Date: Dec 2008 Location: Emerson, NJ Posts: 1,347 View My Garage	17K down and $505.00 a month at 7.1% for 72 months. Car was $40,395.00 MSRP. I'm refinancing today to get my interest rate down to 4.7% for 60 months with Chase Auto Refinance and my wife co-signing. Payments will be $550.00 a month. Loan will be under 28K.

08-28-2009, 06:38 PM	#39
CWI Helping Build America Drives: 2010 2SS/RS,LS3 2013 Duramax 3500HD Join Date: Aug 2008 Location: Freeport LPG Export Posts: 3,836 View My Garage	Nunya __________________ Life's journey is not to arrive at the grave safely in a well preserved body, but rather to skid in sideways, totally worn out, shouting "Holy shit, what a ride!"

08-28-2009, 06:38 PM	#41
CWI Helping Build America Drives: 2010 2SS/RS,LS3 2013 Duramax 3500HD Join Date: Aug 2008 Location: Freeport LPG Export Posts: 3,836 View My Garage	Business __________________ Life's journey is not to arrive at the grave safely in a well preserved body, but rather to skid in sideways, totally worn out, shouting "Holy shit, what a ride!"

10-23-2009, 02:49 AM	#42
lsgun Camaro Enthusiast Drives: 2010 Camaro 2ss/RS CGM a6 Join Date: Jul 2009 Location: Jacksonville, FL Posts: 66	Looks like the lowest interest rate is 3.6%....... I had a preapproaved check from my bank at 3.9 but the finance officer at the dealer was able to one up my bank... __________________ Ordered on March 3rd Got my Vin on July 31st Picked up at dealer 2 weeks later on Aug 14th!!!

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