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-   -   your evo's monthly car payment (https://www.evolutionm.net/forums/evom-new-member-faqs-evom-rules/374428-your-evos-monthly-car-payment.html)

roberrrto Oct 9, 2008 10:56 PM

your evo's monthly car payment
 
Hey, i'm new to this website and im just curious to how much your car payment is monthly, i'm wanting to get an 2003 Evo 8, let me know thanks.

compscibOi Oct 9, 2008 11:02 PM

Each owners car payment is different.

A car payment depends on the following factors:


1. Purchase price of said vehicle.

2. Your down payment, if any...

3. Amount of purchase price financed ( #2 subtracted from #1)

4. The banks APR % rate on #3.


All of the above are non-vehicle specific. AKA, the monthly payment is irrelevant to the vehicle make/model.

A better thread would have been asking how much one pays for insurance a month, but that has it's variables as well (age, location, car make/model, etc...) but there is a thread already on this if not more than one, just search.

Too many factors to consider. Please go talk to a bank that does auto loans.



/thread

roberrrto Oct 9, 2008 11:19 PM

thanks, i understand that but i'm just trying to get a general idea of what i would be paying.

JKD Oct 9, 2008 11:21 PM

$315.91 / month for 48 months total

...for a used car with almost half down in cash lol

WWEVO206 Oct 9, 2008 11:23 PM

I just made my last payment. The evo is mine now! My payment was $450.20 each month for 36month but i paid always made more payment. I put 5k down.

red evo8 Oct 9, 2008 11:24 PM

$540 a month ,brand new for 35k plus tt&l, 15k down, 18 years old when i bought it two years ago @ 17 percent interest.I guess you can say i really wanted it?

Clutchdc5 Oct 9, 2008 11:27 PM

580 at 13%, on sunday :( im so poor

BocaShula Oct 9, 2008 11:29 PM

$440 a month, 03 evo 8, 29,XXX miles, $14k down - 36 months.

JDMCT9MR Oct 9, 2008 11:29 PM

Im paying $700 a month @ 5.95%. Im getting rid of the car so I can lower my car payment to $500-$600 a month at the most.

WWEVO206 Oct 9, 2008 11:29 PM

I got the car when I was 18. Im 19 now and got the car paid off within a year. My interest was at 8 percent with no co signer. I really wanted it and made the effort to pay it off. Finally i can focus on mods.

Trail Slide Oct 9, 2008 11:34 PM

Payed in cash :)

sleek.statik Oct 9, 2008 11:44 PM

$375 i forgot for how many months....

prind0 Oct 10, 2008 12:08 AM

Paid off earlier this year :]

Paid it in just under 3 years, 5.95%. traded in my parents old Hyundai.

OTD still ended up being 42k...

Jolly Roger Oct 10, 2008 12:17 AM

$603/ month, 0 down, cant remember how many months

cthcky5 Oct 10, 2008 04:18 AM


Originally Posted by compscibOi (Post 6214962)
Each owners car payment is different.

A car payment depends on the following factors:


1. Purchase price of said vehicle.

2. Your down payment, if any...

3. Amount of purchase price financed ( #2 subtracted from #1)

4. The banks APR % rate on #3.


All of the above are non-vehicle specific. AKA, the monthly payment is irrelevant to the vehicle make/model.

A better thread would have been asking how much one pays for insurance a month, but that has it's variables as well (age, location, car make/model, etc...) but there is a thread already on this if not more than one, just search.

Too many factors to consider. Please go talk to a bank that does auto loans.



/thread


he just explianed it


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