Quote:
Originally Posted by k.houan
The salesman ran some numbers really quick (I could tell he wasnt as serious as I was about it) and came up with, your BRZ would be about a 15k trade in value. Putting your payment around 650/month.
I thought to myself that kind of payment CANT be right can it?
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+$15k on BRZ
-$5k left on loan
-$40k on STI Limited, or dealer markup of a 'base' STI
-$4k on state fees + dealer fees
=~$34k owed
$34k on loan divided over 5 years of payments is $567/month without considering interest rates, 3% interest bumps you up to $611/month, 6% is $657, 12% is $756 (yes people do get loans at that rate).
If you can find an STI for base price at $35k, offload the 86 for $18k (assuming trade in was undervalued) and get financing at 3% and avoid significant dealer fees you're looking at owing about $25k on loan which would still be $455/month.
Google 'auto loan calculator' and it's an easy tool to see if the numbers are straight up, you could probably do it on your phone in the dealership when they start throwing numbers around.