Looking to pick this car up on Monday. Spent most of my weekend negotiating with terrible sales people so here are my ending numbers what do you guys advise me?

2013 Evo X MR Wicked White 9k Miles with Touring package. 1 Owner Lease vehicle. Interior Exterior looks 10/10 Runs perfect all stock.

2k Down
4.5% APR
634/mo. for 60mo.
7% tax
Doing a dual app Credits ar 715 and 685 on their pulls.

I'm not too happy with the interest rate luckily I didn't leave a deposit or anything. Going to check out one other X on Monday as well.

 

Ouch! Almost $40,000 under those terms for a used car. Not me.

 

holy hell that is alot of cash man for that car in my opinion like the previous poster said almost 40k dollars for it.

if i were you i would say i want it at 600 a month or your gonna walk and i bet they will take it and that is alot of money after 60 months saving 34 a month thats another 2k roughly and will make up the interest.

 

What should I be paying then with financing?

 

wow you are buying a used MR for over $36K based on that calculation

 

That is high, could you tell me how you got that number.

 

A new one will probably cost a little more.
I vote for a new one if you can.
GL!

 

to get that number simply do

634x12=7608x0.045=342.36 that is the number you will pay in intrest per year

then do

634x60=38040 total before tax and interest

then

38040x.07=2662.80 this is the amount of taxes you will pay on the car in the end

then

342.36x5=1711.80 that is the total amount of intrest you will pay after its payed off

then add them all together and you get a grand total of $42414.60 that is alot of cash for a used evo you can buy a new one about that same price i wouldnt buy that car if i were you enless its a you have to have it i personally couldnt afford them kind of payment at this point in my life that is more than i pay for my mortgage payment lol

 

That monthly payment, is that already taken into account the interest and tax? If yes, about high 31,000 for the car isn't too bad.

You would be looking at about 4,000 in interest, assuming that it is accruing as monthly and taxes is a little over 2,000.

 

As others have said, that interest rate is a little high. Should have no problem obtaining 2.9 with those scores.

 

Again, seems extremely high for a used car. Are you here in NJ ? Just asking bc of the tax rate

 

Keep looking but be careful about everywhere you go pulling your credit if you're just looking. Credit unions seem to have the best rates then see if dealer will match. They should be bending over backwards to beat the rate to keep the business in house.

At those rates, it's too much for a used car.

 

Hey guys I am not sure what happened to my reply I posted yesterday. However I felt comfortable with the deal I got after a ton of negotiating and dealing with tools. I ended up getting the car for 35,3xx WITH tax title and they only budged a tiny bit on the interest to 3.9. Unfortunately I was pressed for time and patience so I just went with it. I have been driving the car for about 50 miles now and absolutely love it as well as my g/f. I have a 10 sec 2013 Mustang, but I honestly wish I would have had this car sooner. I never thought a car would handle this well for this price range.

I am enjoying taking quick *** turns everywhere I go haha I Plan to leave this baby as stock as it gets aside from winter tires, Amsoil fluids, and tint. Thanks for the advice as you can see by my sig I've been waiting for an Evo for a looooooooooooooooooong time for some reason deals just never went though. This is the 4th or 5th Evo I went for and glad It finally happened.

 

Welcome to the forum.

 

Welcome to the forum. Honeslty as others have posted...interest rate way to high and 630+ a month for 60 months to me is insane. That would cover almost both of my car payments. Keep looking and GL!
BMH