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      10-21-2007, 11:04 AM   #1
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~$1000/mo for Financing??

So I optioned out a 135 using the new spreadsheet. Starting 34.8k with sport, navi, and paint it came to about 42.7 with 8.625% tax.

I used the yahoo auto finance calculator and got a montly payment of just beow 1000, 915 to be exact. Used a 7% interest rate for 60 months. Can this be real?
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      10-21-2007, 11:11 AM   #2
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That's a little high. I've got an ammortization handbook that says $43,000 would be about $850/mo. at 7%.
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      10-21-2007, 12:07 PM   #3
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1ster if financing a car @ 38K for 60 months what would you come up with at that same interest rate?
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      10-21-2007, 01:15 PM   #4
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Quote:
Originally Posted by Italteen3 View Post
1ster if financing a car @ 38K for 60 months what would you come up with at that same interest rate?

It should be somewhere around $752 and some change
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      10-21-2007, 02:01 PM   #5
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Quote:
Originally Posted by Smokey View Post
It should be somewhere around $752 and some change

Sounds about right..! :roundel:
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      10-21-2007, 04:34 PM   #6
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$800 for an entry level BMW? :iono: Ridiculous. You can get a MUCH nicer car for alot cheaper. I wouldnt even pay $800 a month for a new E class Mercedes let alone a 1 series BMW.
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      10-21-2007, 07:29 PM   #7
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Quote:
Originally Posted by Mr. E View Post
$800 for an entry level BMW? :iono: Ridiculous. You can get a MUCH nicer car for alot cheaper. I wouldnt even pay $800 a month for a new E class Mercedes let alone a 1 series BMW.
which "much nicer" car might that be for a purchase, not a typical Mercedes 24 -month 10k per year, 5k down lease?

please enlighten us.....


new E class - I'll be gumming my food by the time I have a desire for one of those.....
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      10-21-2007, 07:33 PM   #8
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Quote:
Originally Posted by Mr. E View Post
entry level BMW?.
clueless......

buy an E class, move here to sunny S Fla.....you'll have plenty of room to pile your friends in for the early bird special.......our seniors like to eat in groups of 6, 3 couples....that's why the Grand Marquis is so popular with the fixed income crowd, seating for 6...the more affluent go for the E class
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      10-21-2007, 07:41 PM   #9
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Quote:
Originally Posted by Mr. E View Post
$800 for an entry level BMW? :iono: Ridiculous. You can get a MUCH nicer car for alot cheaper. I wouldnt even pay $800 a month for a new E class Mercedes let alone a 1 series BMW.
what do you expect to pay on BUYING a 40k car with no money down plus tax at 60 months......what, did you expect that the poster should apply for a 15 year mortgage......thats what it costs......if the buyer puts 20k down obviously the payments would be less.....
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      10-21-2007, 07:47 PM   #10
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The only E i'd want is an E63.
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      10-21-2007, 07:50 PM   #11
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Quote:
Originally Posted by zirrah View Post
The only E i'd want is an E63.
That car is obscenely bad-ass.....with a price to accompany it....
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      10-21-2007, 08:18 PM   #12
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i don't see my self buying a car any more. lease is much better. and much cheaper.
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      10-21-2007, 08:36 PM   #13
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Quote:
Originally Posted by TESLAASTRO View Post
new E class - I'll be gumming my food by the time I have a desire for one of those.....
As I am already gumming my food that is not going to stop me from buying an exceedingly bad-boy hot-rod BMW 135i.
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      10-21-2007, 09:16 PM   #14
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Money is about $20 per 1000 borrowed. It is not hard to do the math.

Quote:
Originally Posted by Mr. E View Post
$800 for an entry level BMW? :iono: Ridiculous. You can get a MUCH nicer car for alot cheaper. I wouldnt even pay $800 a month for a new E class Mercedes let alone a 1 series BMW.
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      10-21-2007, 10:19 PM   #15
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Quote:
Originally Posted by Surname View Post
As I am already gumming my food that is not going to stop me from buying an exceedingly bad-boy hot-rod BMW 135i.

+10











this is the best:





Mr E, can u explain what a "nicer" car is..? Because I don't know to many "tossible" Mercedes-Benz that get 30mpg and trackable. Their fat heavy pigs! :iono:

Your still flip-flopping on what criteria your looking for in a car. If you want a luxury, 4-door Sedan, then why are you here on a coupe only web-site..? :iono:






-Garrett
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      10-25-2007, 01:36 PM   #16
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Quote:
Originally Posted by zirrah View Post
The only E i'd want is an E63.
actually I drove my friends e63 and it doesn't even compare in handling to my 96 m3.
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      10-25-2007, 02:09 PM   #17
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Quote:
Originally Posted by Ivan01 View Post
i don't see my self buying a car any more. lease is much better. and much cheaper.
That really depends on if you can do the following

1) limit mileage to 12k miles per year, and depending on the deal you strike , maybe 15k(but you'll pay more)

1A) is your FICO(Beacon) over 720? - if not, you'll pay more to lease......it is easier to get a favorable car loan % than a favorable lease payment.....

2) keep the car in absolute pristine, original condition, otherwise you'll get hit with excessive wear and tear at lease termination....some things they consider excessive wear and tear include minor scratches, tire wear that is nowhere near replacement condition, scrapes on wheels from hitting curbs,interior stains.

3) Forget about any aftermarket stuff, which is a huge no-no.....that includes engine mods, exhaust, air filters, bumper stickers, and believe it or not aftermarket window tinting

4) It is not unusual to get hit with $2000.00 in excessive wear and tear charges.....sure, if you want to lease another new Brand X vehicle, they will work with you on those charges, but what if you dont want to?....not such a bargain afterall...The only thing for free in this world is your mother's love....dont pay and they'll ding your FICO

I personally like leasing, because I refrain or limit myself to all of the above.....However, your blanket statement above is woefully naive....leasing is not for everyone, and I'd even venture to state not for most.....

I wont be leasing the 135 for reasons that I am giving the car to someone after 4 years......not all cars are lease bargains, but that's a topic for another day.....
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      10-25-2007, 08:46 PM   #18
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Quote:
Originally Posted by 135iMAN View Post
actually I drove my friends e63 and it doesn't even compare in handling to my 96 m3.
lay off the drugs son.
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