might want to rethink the car you’re buying, Zigmeister
Is that 150?
Nowadays that is a compliment. A lot of base model 2018’s are in the 30,000 range which on a 5 year loan would be about $900 per month payments.
It really depends on the down payment and/or trade-in you have!
So, the better your credit, the more they soak you for? (I once was offered financing by a dealership. I phoned my banker and got about 20% lower payments for the same term.)
“Your credit score is exactly the same as your monthly car payment!”
Which means you can’t afford to buy anything else — on credit, at least — until the car is paid off.
June 27, 2016
June 28, 2021
Templo S.U.D. over 6 years ago
might want to rethink the car you’re buying, Zigmeister
The Reader Premium Member over 6 years ago
Is that 150?
dbhoskisson over 6 years ago
Nowadays that is a compliment. A lot of base model 2018’s are in the 30,000 range which on a 5 year loan would be about $900 per month payments.
Great Wizard Nala over 6 years ago
It really depends on the down payment and/or trade-in you have!
Boise Ed Premium Member over 6 years ago
So, the better your credit, the more they soak you for? (I once was offered financing by a dealership. I phoned my banker and got about 20% lower payments for the same term.)
gammaguy over 6 years ago
“Your credit score is exactly the same as your monthly car payment!”
Which means you can’t afford to buy anything else — on credit, at least — until the car is paid off.