11-11-2016, 10:38 AM
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#38
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Panda Trueno
Join Date: Jan 2015
Drives: No twin now.
Location: North Indiana
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Quote:
Originally Posted by strat61caster
+$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.
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This - I always loved the saying. "You can't fake math."
Numbers are numbers.
Last edited by Summerwolf; 11-11-2016 at 11:25 AM.
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