Quote:
Originally Posted by Eddie Bronze
This is auto related but doesn't have to be responded to by Tim.
Explain to me the math on this:
Price of vehicle after taxes, trade-ins and downpayments $36,223
Financing is set to be 3.99% over 60 months.
Monthly payment ends up being $667.
Maybe my mind is playing tricks on me but that doesn't add up at all. What am I missing?
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That's perfectly correct:
http://www.auto123.com/en/new-cars/calculator/
If you put in $36,223 as the car price and then calculate, look at 4% (which is 3.99%, obviously) - it comes to 667 a month.