Respect to all hard working people that are making payments. XD - Page 4 - Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community

Bonburner · 08-08-2012, 02:19 PM

Quote:

Originally Posted by finch1750

Are those your actuall payments are just what your making?

My interest rate was 2.8% and I financed about 3k more than you but my payments are only 390. This was on a 5 year as well.

Well at 5 year the pay was something like 300/400 a month but at 550 I can finish at 2 years and ~7 months or so.

86'd · 08-08-2012, 02:25 PM

Quote:

Originally Posted by Bonburner

Well at 5 year the pay was something like 300/400 a month but at 550 I can finish at 2 years and ~7 months or so.

Because I'm bored; a bit more exact:

If down payment of $8.5k is before the financing then payments should be $350 a mo.

If down payment is after then @60mo payment is around $511.

If either way with the down payment applied before or after, if he pays $550 a month it will take 33 months to pay off.

SVTSHC · 08-08-2012, 02:28 PM

It's an easy to make payments like that when you've got no other bills. Frankly I'm sodomized by school loans on a monthly basis so 500 a month would be a touch too expensive for me. I'm waiting for the STI if it comes out next year anyway should have at least 15k to throw on a DP at least.

Bonburner · 08-08-2012, 02:31 PM

down pay is before - i dont see why it would ever be the other way lol

86'd · 08-08-2012, 03:16 PM

Quote:

Originally Posted by Bonburner

down pay is before - i dont see why it would ever be the other way lol

The other way isn't a down payment per se but rather a "large post payment."

You would do this if you needed the liquidity short term, and/or wanted to "force" yourself to pay the higher payment.

Some people when they see the $350 every month, go, "Hrmm, I'll pay the minimum and use the rest for mods!!!!"

Or something...

SVTSHC · 08-08-2012, 03:40 PM

Quote:

Originally Posted by pinoyplaya

$315/mo for 24 mo.

That's pretty legit bro, what rate did you get/how much you threw at the DP; if you don't mind my asking.

pinoyplaya · 08-08-2012, 07:02 PM

Quote:

Originally Posted by SVTSHC

That's pretty legit bro, what rate did you get/how much you threw at the DP; if you don't mind my asking.

$23000 down 7556.64 on loan at 0.99% APR for 2 years. Was able to get low interest because of high DP and CS.

Exhaust · 08-08-2012, 07:46 PM

Quote:

Originally Posted by pinoyplaya

$23000 down 7556.64 on loan at 0.99% APR for 2 years. Was able to get low interest because of high DP and CS.

This is what i call respectable.

Re~Mix · 08-08-2012, 08:06 PM

Why rag on those making higher payments? Some of us bought this car as a first time owner without much in the bank to start.

With a steady income I hope to refinance in 1 year and pay the car off much sooner than the original 5 yr plan.

OrbitalEllipses · 08-08-2012, 08:32 PM

Quote:

Originally Posted by Re~Mix

Why rag on those making higher payments? Some of us bought this car as a first time owner without much in the bank to start.

With a steady income I hope to refinance in 1 year and pay the car off much sooner than the original 5 yr plan.

Why hate on people whose mothers and fathers bought them the car? Give me a GOOD reason.

S2kphile · 08-08-2012, 08:37 PM

Quote:

Originally Posted by OrbitalEllipses

Why hate on people whose mothers and fathers bought them the car? Give me a GOOD reason.

Here's my GOOD reason because I'm jealous as F***! Yeah I'm a hater. /s

OrbitalEllipses · 08-08-2012, 08:38 PM

Quote:

Originally Posted by S2kphile

Here's my GOOD reason because I'm jealous as F***! Yeah I'm a hater. /s

Yeah, that's what I thought.

Re~Mix · 08-08-2012, 09:11 PM

Quote:

Originally Posted by OrbitalEllipses

Why hate on people whose mothers and fathers bought them the car? Give me a GOOD reason.

Making large payments means your parents gave you the car? Doesn't really relate to my comment.

Purchased this straight out of grad school on my own merit, living month to month...

serialk11r · 08-08-2012, 09:14 PM

Quote:

Originally Posted by Re~Mix

Making large payments means your parents gave you the car? Doesn't really relate to my comment.

Purchased this straight out of grad school on my own merit, living month to month...

Oh hey congrats, Cal by any chance?

08-08-2012, 02:28 PM	#45
SVTSHC (ﾉಥ益ಥ)ﾉ Join Date: Jul 2011 Drives: 2015 Series Blue BRZ Location: Bronx Posts: 1,393 Thanks: 930 Thanked 625 Times in 365 Posts Mentioned: 3 Post(s)	It's an easy to make payments like that when you've got no other bills. Frankly I'm sodomized by school loans on a monthly basis so 500 a month would be a touch too expensive for me. I'm waiting for the STI if it comes out next year anyway should have at least 15k to throw on a DP at least. __________________ "Sweet Subaru, sweet Subaru, send your BRZ unto me, for the roads of the unworthy must be baptized in speed and glory." ~Zaku

08-08-2012, 08:06 PM	#51
Re~Mix Senior Member Join Date: May 2012 Drives: 13' Scion FRS MT Location: San Francisco Bay Area Posts: 737 Thanks: 290 Thanked 333 Times in 191 Posts Mentioned: 7 Post(s)	Why rag on those making higher payments? Some of us bought this car as a first time owner without much in the bank to start. With a steady income I hope to refinance in 1 year and pay the car off much sooner than the original 5 yr plan. __________________ 07' Z4M Coupe \| KW Clubsports \| AFE Intake \| Stromung Mufflers \| UUC Shortshifter \| Advan RS 15' 228i MSport 13' FR-S \| TRD CAI \| TRD Catback \| UEL Header \| OFT Stg 1 \| Rota Grid-V \| RCE Suspension \| Hankook \|

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