Down payment Thread - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

5thGenAnyone? · 01-11-2009, 10:16 PM

How's it goin everyone!? I've just got a question for some of you more experienced car buyers. I have never purchesed a new vehichle before so I have no idea of what a good, or safe down payment would be. I ordered a 2SS/RS and am going to have 25K to put down. I would think with that kind of payment my payments should be rather low. Is that a pretty safe down payment and how much do you think my payments will be? Ballpark answer of course. Also, how much are you guys planning on putting down if you don't mind my asking? Thank you so much for any input. Always greatly appreciated!

RPO_Z28 · 01-11-2009, 10:25 PM

Figure a 5 year loan is about 19-20 dollars per thousand borrowed. (Assuming decent credit and about a 6.5% interest rate)

BryGo · 01-11-2009, 10:27 PM

There are too many variables in your question, such as your credit score, the options you chose, the tax rate, the interest rate, etc.

For best results go to this site. It actually has the Camaro listed:

http://www.edmunds.com/apps/calc/CalculatorController

5thGenAnyone? · 01-11-2009, 10:50 PM

I have good credit and am getting dealer installed stripes and IOM trim package. 5.5% sales tax. Thanks Brygo, that helped a lot.

01-11-2009, 10:16 PM	#1
5thGenAnyone? I'm thirsty Drives: 1 speed bike Join Date: Jun 2008 Location: Hustisford, WI Posts: 147	Down payment Thread How's it goin everyone!? I've just got a question for some of you more experienced car buyers. I have never purchesed a new vehichle before so I have no idea of what a good, or safe down payment would be. I ordered a 2SS/RS and am going to have 25K to put down. I would think with that kind of payment my payments should be rather low. Is that a pretty safe down payment and how much do you think my payments will be? Ballpark answer of course. Also, how much are you guys planning on putting down if you don't mind my asking? Thank you so much for any input. Always greatly appreciated!

01-11-2009, 10:25 PM	#2
RPO_Z28 Drives: 2007 C6Z Join Date: Jan 2009 Location: RVC, New York Posts: 1,742	Figure a 5 year loan is about 19-20 dollars per thousand borrowed. (Assuming decent credit and about a 6.5% interest rate) __________________

01-11-2009, 10:27 PM	#3
BryGo Moving up in the world... Drives: 2009 Cadillac CTS, 2010 Camaro Join Date: Nov 2008 Location: SoCal Posts: 199	There are too many variables in your question, such as your credit score, the options you chose, the tax rate, the interest rate, etc. For best results go to this site. It actually has the Camaro listed: http://www.edmunds.com/apps/calc/CalculatorController __________________ 1100 - 11/21/08 2000 - 5/26/09 3000 - 5/27/09 3300 - 6/5/09 3400 - 6/19/09 3800 - 6/19/09 4000 - 6/24/09 4104 - 6/28/09 4B00 - 7/1/09 4200 - 7/20/09 5000 - 7/30/09 6000 - 7/31/09 IT'S HOME!!!!

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01-11-2009, 10:50 PM	#4
5thGenAnyone? I'm thirsty Drives: 1 speed bike Join Date: Jun 2008 Location: Hustisford, WI Posts: 147	I have good credit and am getting dealer installed stripes and IOM trim package. 5.5% sales tax. Thanks Brygo, that helped a lot.