i need 0% financing for 60months!!!

i have a 750 credit score !!

please someone help ... any idea's
i live 15min from socal mitsu and there evos are 28.xxx for a gsr
28.xxx+tax and ... = 30.000k / 60months with 0% is 500month..

please if any dealer is reading this ,, i need that monthly payment.

 

Best case scenario is that you're looking at about 6% for a 5 yr auto loan at this point. Mitsubishi Finance has no current special finance offers on the Evo.

 

Just what I was going to say. If you have a credit union you might get a little better rate, and if you really wanted to get into the $500 payment, you could go 6 years instead of 5...but make sure you will keep the car for several years.

 

Also, even if they DID by some miracle start offering 0% finance again, I'm pretty sure they're not going to give you 0% with $0 downpayment anyway. If you are shopping by that $500 monthly payment, it sounds like you'll need a few thousand dollars down.

 

you need to either put more down or do a longer term. when talking to the dealership about the evo the guy said they NEVER apply any of the special mitsu deals on the evo because...well its the evo

have you gone in and seen what kind of apr you can get?

 

even if mitsu would do 0%, isn't the evo usually in the disclaimer as one that is not included in that promotion??

 

Eh,

Didn't you try shopping around different places for auto loan rates & searching online? btw I assume that 5 years is the longest term they (Mitsu) or anyone will do?

 

man, i've never seen someone so pumped to get into a 5 year car payment at $500 / month on a car with high insurance rates.

=)

 

5-6 years is bad IMHO. I would never finance a new car for more than 3-4 years. It's better to save up a down payment and cut down the term you finance for. Otherwise you may end up "upside down" on the next car you buy.

750 is a good score... you should get a good rate... but with no down payment you're going to have to go 5-6 years to keep the payments down

 

+1

 

i feel 500 is even too much for a monthly payment. why not try geting a better down payment for the car. i had a decent car or trading in and i got a 5 year plan. my payments are $350 a month.

 

The one thing I can suggest is if you have your own house you can roll in the car loan into your equity that way you can pay off the car in one single payment and don't worry about monthly stuff.

In other words, you can pay your car off entirely with the profit that you already made by owning a house (equity value).

Carlos

 

Eveything is very subjective, $500 might be high for you but comfortable for others.

Carlos

 

^^ it all depends on opportunity cost... Some people are smart enough to use the down payment on investment to get more return than paying interest on car loan.... So, it is very subjective matter....

Back to original questions, if your budge is $500 a month, I would consider used EVO which you can fit your budget easily... You won't be able to get 0% for 60 months on EVO for a very long time.... There aren't enough inventories at dealership in US that Mitsu does not have to promo to get rid of them....

 

Those that got 0% back in what 04-05?, got one hell of a smokin' deal on the evo.

Nothing like free money.