question about camaro affordability - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

ChevyCowboy · 01-06-2009, 09:26 AM

As long as I lived I always beleived in if you getting a car like a camaro/rustang/nochallenger to get the biggest available engine, in this case not the v6, but do to some bad finacial decision on my part a few months ago Im question my decision on pay the 36,000 for the camaro ss1. So first question, what do you guys exspect the monthly payments to be around? obvisouly this is based on how much of a downpayment and over how many years, but if its over 600 a month before tax I unfortunantly cannot see myself getting one anytime soon. so input is greatly appreciated

*Mr. Wyndham* · 01-06-2009, 10:14 AM

well..add tax, interest and all that jazz, and divide it into however many months your loan is for. That should give you a real close estimate. I'd offer up a number, but I don't know those details.:(

Speedy1975 · 01-06-2009, 10:42 AM

Standard calculation is $25/month per $1000 financed at 4 years. That should get you into the ball park unless your credit is just whack or something.

UCF w00t · 01-06-2009, 10:47 AM

Depends on interest rates, down payment, and lots of other stuff. Try this out...

ChevyCowboy · 01-06-2009, 11:06 AM

My credit is considered excellent, whats gms finacing % interest at? how many years will they purchase finance for?

*DGthe3* · 01-07-2009, 01:39 AM

My advice for anyone who isn't sure if they can afford the car now is to wait. Unless you need a new car in the immediate future, an extra 6 months - 1yr could do a lot of good. You could even set it up as if you are making payments -every month put $600 into a separate savings account, use it as your deposit when it comes time to order your car.

jeffny09 · 01-07-2009, 01:56 AM

Ok mine is going to cost around 45000 after options and taxes etcetc sp if I'm puting down
20 thousand and get a loan from this credit union at a 4.75 rate for 72 months
How much am I looking at?

ChevyCowboy · 01-07-2009, 09:54 AM

Quote:

Originally Posted by jeffny09

Ok mine is going to cost around 45000 after options and taxes etcetc sp if I'm puting down
20 thousand and get a loan from this credit union at a 4.75 rate for 72 months
How much am I looking at?

about 454 a month, lucky you. I went to the dealer today to get a quick monthly price quote on a 1SS, they said they could crunch the numbers, but a rough estimate would be 600-700 a month, i think thats taxes in

Xanthos · 01-08-2009, 06:02 AM

I'm looking at 175-250 per month at 6.5% or lower for 60 months, depending on how much I end up putting down.

But thats for a 1LT with 10-15,000 down.
- Xanthos

P.S. - the down payment would be higher but 5,000 goes to my mods fund.

01-06-2009, 09:26 AM	#1
ChevyCowboy Lining Up! Drives: 2011 Camaro 1SS, Summit white, M6, Join Date: Sep 2008 Location: Moncton, New Brunswick Canada Posts: 103	question about camaro affordability As long as I lived I always beleived in if you getting a car like a camaro/rustang/nochallenger to get the biggest available engine, in this case not the v6, but do to some bad finacial decision on my part a few months ago Im question my decision on pay the 36,000 for the camaro ss1. So first question, what do you guys exspect the monthly payments to be around? obvisouly this is based on how much of a downpayment and over how many years, but if its over 600 a month before tax I unfortunantly cannot see myself getting one anytime soon. so input is greatly appreciated

01-06-2009, 10:14 AM	#2
Mr. Wyndham I used to be Dragoneye... Drives: 2018 ZL1 1LE Join Date: Jan 2007 Location: Buffalo, NY Posts: 31,876 View My Garage	well..add tax, interest and all that jazz, and divide it into however many months your loan is for. That should give you a real close estimate. I'd offer up a number, but I don't know those details.:( __________________ *"Keep the faith."* - Fbodfather

01-06-2009, 10:42 AM	#3
Speedy1975 FASTER! Drives: Challenger Hellcat, 2SS Camaro Join Date: Apr 2008 Location: Middle Tennessee Posts: 2,245	Standard calculation is $25/month per $1000 financed at 4 years. That should get you into the ball park unless your credit is just whack or something. __________________ -Speedy 2016 Go Mango Challenger Hellcat (PB E.T. in 1/4 Mile 9.83 @ 140MPH)

01-07-2009, 01:39 AM	#6
DGthe3 Moderator.ca Drives: 05 Grand Am GT Join Date: Jul 2007 Location: Niagara, Canada Posts: 25,372	My advice for anyone who isn't sure if they can afford the car now is to wait. Unless you need a new car in the immediate future, an extra 6 months - 1yr could do a lot of good. You could even set it up as if you are making payments -every month put $600 into a separate savings account, use it as your deposit when it comes time to order your car. __________________ Note, if I've gotten any facts wrong in the above, just ignore any points I made with them __________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!! __________________ Camaro Fest sub-forum

01-08-2009, 06:02 AM	#9
Xanthos PWA Relapse Drives: Formerly-Stick Join Date: Mar 2008 Location: Oklahoma Posts: 12,588 View My Garage	I'm looking at 175-250 per month at 6.5% or lower for 60 months, depending on how much I end up putting down. But thats for a 1LT with 10-15,000 down. - Xanthos P.S. - the down payment would be higher but 5,000 goes to my mods fund. __________________ 2017 1LT/RS A8 Hyper Blue Metallic

01-06-2009, 10:47 AM	#4
UCF w00t Geek Drives: IOM 2010 Camaro 2SS Join Date: Oct 2008 Location: Orlando Posts: 4,452	Depends on interest rates, down payment, and lots of other stuff. Try this out...

01-06-2009, 11:06 AM	#5
ChevyCowboy Lining Up! Drives: 2011 Camaro 1SS, Summit white, M6, Join Date: Sep 2008 Location: Moncton, New Brunswick Canada Posts: 103	My credit is considered excellent, whats gms finacing % interest at? how many years will they purchase finance for?

01-07-2009, 01:56 AM	#7
jeffny09 Drives: 2010 camaro Join Date: Nov 2008 Location: new york Posts: 5,618	Ok mine is going to cost around 45000 after options and taxes etcetc sp if I'm puting down 20 thousand and get a loan from this credit union at a 4.75 rate for 72 months How much am I looking at?

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
CAMARO WIKI	Tran	Wiki	66	04-22-2024 11:41 AM
4 SEMA CAMAROS finally unveiled by GM! (hi-res images & details)	FenwickHockey65	Camaro Photos \| Spyshots \| Video \| Media Gallery	237	11-03-2008 10:39 PM
how many times can you spell Camaro?????????	Iroczlover	Off-topic Discussions	16	09-22-2008 08:02 PM
Camaro Chat 9:30-10:00	jdpickering	5th Gen Camaro SS LS LT General Discussions	25	07-22-2008 02:11 PM
Camaro Racing Question...	Jose_The_Great_Cuervo	5th Gen Camaro SS LS LT General Discussions	35	05-09-2008 07:08 PM