Good goal for down payment on 1SS? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

FutureCamaroOwner · 06-11-2010, 04:08 PM

Hey guys,
I have been posting throughout my journey on getting my dreamcar. I'm 23 soon to be 24. I was originally going to get a V6 but made the mistake of test drving and renting a SS

lol. So now my goal is 1SS. Summit white with the BA system. My current plan is to put down about 8k. Does that sound like a good amount down. I just dont want my payments much over 400. BTW i was quoted around 31800 for what i stated above. Man, just thinking of the day i can get in the baby gives me chills. I cant wait. I have saved 3k this month alone (World Series of Poker overtime). Anyway now im ranting. Whats your thoughts? Thanks everyone....

-Travis

Maurdib · 06-11-2010, 04:20 PM

Quote:

Originally Posted by FutureCamaroOwner

Hey guys,
I have been posting throughout my journey on getting my dreamcar. I'm 23 soon to be 24. I was originally going to get a V6 but made the mistake of test drving and renting a SS

lol. So now my goal is 1SS. Summit white with the BA system. My current plan is to put down about 8k. Does that sound like a good amount down. I just dont want my payments much over 400. BTW i was quoted around 31800 for what i stated above. Man, just thinking of the day i can get in the baby gives me chills. I cant wait. I have saved 3k this month alone (World Series of Poker overtime). Anyway now im ranting. Whats your thoughts? Thanks everyone....

-Travis

Must be an M6, sounds pretty good, putting 8K down should do the trick

cterry · 06-11-2010, 04:25 PM

I put down 10k on my 2ss, got 3.9% rate on 28k loan, and payment is $505 mo. So, depending how much you pay, and your rate, payment likely going to be over $400.

If you borrow $23k, for 5 years and get 5% rate, your payment would be $432. Hope that helps.

SS One · 06-11-2010, 04:26 PM

By the time you add in tax, title, and other BS dealer charges, it will be about another 3K. Depending on the intrest rate that you get, and how many months you plan to finance, 8K down may not be enough to keep you in the $400/month range.

caverman · 06-11-2010, 04:34 PM

I didn't want my pmt over $450 and was trying for a 5yr loan. I was real close but after adding in a 6/60 warranty I ended up have to go with a 5.5 yr loan but my pmt is like $454.

Don't forget about your TTL but also look at getting any kind of rebate or discount you can. I got $1,550 off between the USSA rebate and Preferred Pricing.

You'll be wise to save the extra for the 1SS though. In the long run it will cost you more to trade in an LT for the SS. However.....I'll say just geting the car is the start. I've already got about $2,500 in basic mods.

bigearl · 06-11-2010, 04:36 PM

http://www.bankrate.com/calculators/...alculator.aspx

jagan323 · 06-11-2010, 04:43 PM

i put 11000 for my 1LT LOL... but my monthly payments come out to 383 a month. cuz of the high interest rate @_@ 6.85% >_>

Haole · 06-11-2010, 05:59 PM

I put down 27K on my 2SS (can you tell i was saving money for this car). got my payments to $286 at I think 3.9%. I do pay $500 a moth to get my 2SS/RS IOM paid off sooner.

1bad65 · 06-11-2010, 07:13 PM

If you wait til the 2011s hit the dealerships, you can likely get a good deal on a 2010.

lakersftbl69 · 06-11-2010, 07:29 PM

Quote:

Originally Posted by 1bad65

If you wait til the 2011s hit the dealerships, you can likely get a good deal on a 2010.

ya but what are the chances of finding a left over 2010 model? they did sell alot of them.

FB3 · 06-11-2010, 08:13 PM

Everyone has their own unique financial situation. The most important thing for you to consider is how will this purchase affect your life style.

Look ahead for the term of the loan and be very sure that you can support the payments until the loan is payed off. Don't overextend yourself just to satisfy the urge to get the car.

Remember, dealers do not consider your future when selling you a car. You are the one that will be ultimately responsible for any contract that you sign.

Dont let want get in the way of practical thinking.

06-11-2010, 04:08 PM	#1
FutureCamaroOwner Drives: White 1SS/Black Stripes Join Date: Nov 2009 Location: New Albany Indiana Posts: 675	Good goal for down payment on 1SS? Hey guys, I have been posting throughout my journey on getting my dreamcar. I'm 23 soon to be 24. I was originally going to get a V6 but made the mistake of test drving and renting a SS lol. So now my goal is 1SS. Summit white with the BA system. My current plan is to put down about 8k. Does that sound like a good amount down. I just dont want my payments much over 400. BTW i was quoted around 31800 for what i stated above. Man, just thinking of the day i can get in the baby gives me chills. I cant wait. I have saved 3k this month alone (World Series of Poker overtime). Anyway now im ranting. Whats your thoughts? Thanks everyone.... -Travis

06-11-2010, 04:34 PM	#5
caverman Drives: '69 SS Convertible Join Date: May 2009 Location: DFW, TX Posts: 7,109	I didn't want my pmt over $450 and was trying for a 5yr loan. I was real close but after adding in a 6/60 warranty I ended up have to go with a 5.5 yr loan but my pmt is like $454. Don't forget about your TTL but also look at getting any kind of rebate or discount you can. I got $1,550 off between the USSA rebate and Preferred Pricing. You'll be wise to save the extra for the 1SS though. In the long run it will cost you more to trade in an LT for the SS. However.....I'll say just geting the car is the start. I've already got about $2,500 in basic mods. __________________ *-2010 Camaro* 2SS \| M6 \| VR w/White Stripes \| 1 3/4" KOOKS - 3" Magnaflow \| LPE 3.91 gears \| ADM tuned \| Halltech w/ADM Scoop \| Spohn/BMR Trailing Arm/Toe Rod \| BC Coilovers\| Pedders FE4 ZL1 swaybars \| Cradle/Diff/Radius Rod bushings \| VMax TB \| Morimoto Projectors \| MGW shifter \| Red Calipers Build Journal

06-11-2010, 04:43 PM	#7
jagan323 I have no life Drives: 06' Subaru STI, ex-Camaro V6 LLT Join Date: Apr 2010 Location: Top Gear Test Track Posts: 3,189	i put 11000 for my 1LT LOL... but my monthly payments come out to 383 a month. cuz of the high interest rate @_@ 6.85% >_> __________________ List of Camaro DIY The Blog

06-11-2010, 08:13 PM	#11
FB3 Drives: 2014 Camaro 2SS RS LS3, BRM, NPP Join Date: Apr 2010 Location: Miami, FL Posts: 411	Everyone has their own unique financial situation. The most important thing for you to consider is how will this purchase affect your life style. Look ahead for the term of the loan and be very sure that you can support the payments until the loan is payed off. Don't overextend yourself just to satisfy the urge to get the car. Remember, dealers do not consider your future when selling you a car. You are the one that will be ultimately responsible for any contract that you sign. Dont let want get in the way of practical thinking. __________________ Experience is the best teacher but the tuition is very high.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Winner, winner - Jalopnik compares the Big 3	Number 3	5th Gen Camaro SS LS LT General Discussions	31	04-17-2011 03:24 PM
Good car payment calculator?	Embalmer	Camaro Price \| Ordering \| Tracking \| Dealers Discussions	25	11-09-2009 09:40 AM
Good news about GM's supply situation	wullger	5th Gen Camaro SS LS LT General Discussions	6	05-14-2009 03:15 PM
Pre-packaged chap11, sounds like a good plan	Design1stCode2nd	General Automotive + Other Cars Discussion	2	11-26-2008 10:03 PM
Edmunds.com review of Holden Commodore... good info.	LSxcellent	General Automotive + Other Cars Discussion	6	07-23-2007 06:49 PM

06-11-2010, 04:25 PM	#3
cterry So Cal Race Team Drives: 2010 Carmaro SS/RS Join Date: Jun 2009 Location: Anaheim, Ca Posts: 2,210 View My Garage	I put down 10k on my 2ss, got 3.9% rate on 28k loan, and payment is $505 mo. So, depending how much you pay, and your rate, payment likely going to be over $400. If you borrow $23k, for 5 years and get 5% rate, your payment would be $432. Hope that helps.

06-11-2010, 04:26 PM	#4
SS One Drives: 2010 Camaro 2SS RS Join Date: Oct 2008 Location: Las Vegas, NV Posts: 109	By the time you add in tax, title, and other BS dealer charges, it will be about another 3K. Depending on the intrest rate that you get, and how many months you plan to finance, 8K down may not be enough to keep you in the $400/month range.

06-11-2010, 04:36 PM	#6
bigearl Drives: 10 Camaro 2lt Join Date: Apr 2010 Location: Napa Posts: 553	http://www.bankrate.com/calculators/...alculator.aspx

06-11-2010, 05:59 PM	#8
Haole 2017 SS Drives: 2017 Summit White 2SS Join Date: Feb 2009 Location: Hawaii Posts: 1,273 View My Garage	I put down 27K on my 2SS (can you tell i was saving money for this car). got my payments to $286 at I think 3.9%. I do pay $500 a moth to get my 2SS/RS IOM paid off sooner.

06-11-2010, 07:13 PM	#9
1bad65 Banned Drives: 2007 Mustang GT Join Date: Jul 2009 Location: Austin Posts: 1,148	If you wait til the 2011s hit the dealerships, you can likely get a good deal on a 2010.