Alright so im looking into buying a car that cost 30,000$ if i put down a 10,000$ Down payment what will interest and all that be?
- mccoybluesLv 72 years ago
Interest rate is determined by your credit score not the price of the car.
A quick calculation will give you a reasonable estimate for your monthly payment.
Take $25 for every $1000 you borrow to come up with an estimated payment
So if you put down $10,000 on a $30,000 car you’re financing $20,000.
20x$25 = $500
Estimated monthly payment is $500
- 2 years ago
Man, you could buy that same exact car that is USED and 6 years old for $10,000 total. Seems like a better idea doesn't it?
- David 14Lv 72 years ago
We are not psychic. Depends on the vehicle's mileage, your credit, and the bank's loan rates.
- thebax2006Lv 72 years ago
You're supposed to be talking with your bank or credit union to find out what interest rates are!
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- KayleenRLv 72 years ago
That car will cost you $60 000. Do you really want this?
- ntLv 62 years ago
You don't qualify, troll. And the dollar sign goes before the number except in 3rd world countries.
You'd need income of probably $2500+ a month and good credit.
- Anonymous2 years ago
We cannot tell you. The interest rate will be determined by the finance institution and will be based on your income, your employment stability, your marital status, your outstanding bills and other liabilities, and your credit history. Any other fees will depend on the dealership, the financier, and where the transaction tasks place.
If physical beauty was directly proportional to intelligence, you'd be uglier than sin. Good luck in life, you'll need a lot of it kid.
- Anonymous2 years ago
you can't even figure out that the dollar sign is placed before the amount !!!
- ScottLv 72 years ago
We wouldn't know. The lender determines the interest rate. By the way, the dollar sign ($) goes before the number, like this: $1,000.
- CaoedhenLv 72 years ago
The interest will be whatever you can qualify for on the balance you have to finance. Got a credit score upwards of 750? Or is it 625? That number determines your interest rate more than anything else. The amount of the down payment has nothing to do with it. Financing through your own bank or credit union will almost always get you a lower rate than letting the dealer arrange something with their own lenders.
The only way to know for sure is to apply to a financial institution for the amount you have to finance.