[EvoXMR]

But is $850 for 72 months sound right for a fully loaded $45k ish MR in US ? :wtfsign:

 

[PDXEvo]

Holy crud. Thats a lot per month. Did you not put anything down?

 

[Rosshole]

damn, 61,200, that's a lot of scratch, plus insurance + mods + maint.

 

[Kooldino]

I'm betting no...

but $850 a month for $45K worth of financing makes sense off the top of my head.

 

[Rosshole]

it sounds right, with taxes and all figured in, but that monthly amount would definately stop me from saving for my bike-then eng ring-then house savings.

 

[_Chris_]

But is $850 for 72 months sound right for a fully loaded $45k ish MR in US ? :wtfsign:

Did they tell you when the MR is coming out?

 

[soopah]

Ha ha, I hope you haven't started making payments when the car isn't even here yet! :jk:

This link is for a car loan calculator:
http://www.cars.com/go/advice/financing/calc/loanCalc.jsp?mode=full

I put $46K for the car including fees, plus 7% taxes (don't know which state you are in) and with 72 payments of $851 a month you are paying 7.5% interest. Given the fed rate today is 3% I'm thinking 7.5% is a little high, but it does depend on your credit history, if you have one. If you don't, I suggest getting a credit card, buying stuff and paying it off immediately to build up more credit history. You probably have time before the MR is available!

 

[dmx88227]

holy chit thats a lot of money... we have a 07 Mercedes GL450 fully loaded that came out about $70k maybe a lil more and we pay 850 a month so thats a chit load of money

 

[EvoXMR]

Did they tell you when the MR is coming out?

He said April for the first batches of MRs and showed me the order sheet listing it. This was a dealer in Maryland. He said I had two months from yesterday to decide also.

And my credit is in the 700 and that the price I was quoted on.

 

[EvoXMR]

Holy crud. Thats a lot per month. Did you not put anything down?

No that price quoted with 5k downpayment.

 

[EvoXMR]

damn, 61,200, that's a lot of scratch, plus insurance + mods + maint.

Uh huh with that price I can buy a MR and a semi loaded Lancer.

 

[pltek]

Fraud !!!

 

[silvreclipse]

wow thats an outrage,but really cars over the 40k mark actually do get you payments like if you were paying a house.when my bro had bought a mark LT truck his payments were 875 a month for a 48k loan.

 

[Pre]

No way....you are getting ripped. $850 a month is affordable if you make a very nice 6 figure salary. Insurance on this car is expensive. I'm 34, perfect driving record (no tix/accidents) own my own home and my car and insurance are insured by the same company so I get a nice discount. My insurance, having said all that, would be just over $100 a month and I'm a super preferred driver with them. So this price puts you at $1k a month ballpark, and you haven't even put a drop of gas in it yet. Dumb move if you ask me. $10k is the minimum I would put down on a loaded MR and the rule of thumb is never buy a car that cost 50% of your income in 1 year. That means your max limit, to be smart financially, is 1/2 of what you make in a year on a car. I'm at 25% right now (current car) and would go as high as 37% but not a dime more so that means a hefty down payment for me

 

[Rosshole]

good advice, also, a good rule of thumb is about $100 dollar a month payment per $5000 financed (for a five year loan)

Also, I feel that if you can't pay a car off in 48 months, you can't (or shouldn't) afford it.

 

[EvoXMR]

Yea look like I'm gonna wait on the purchase a couple months to see how stable the SST tranny will be and save enough $$ and pay the whole amount in one lump sum.

 

[nasty n8]

my girlfriend's brother has to make $759/month payments over 72 months on his IX. He bought the car new with no money down and traded in his 01 civic SI that had 8 grand in negative equity on it. I think the loan was for 42K with 10% interest....so $850/month seems really high.

I would either save for a better down payment, or just get a GSR.

I wish they would release a X rs model here in the states. Honestly all the extra crap like power windows and fancy radios and nav I would find unnecessary. I don't even use the radio in my car. I'm honestly so in love with the sound of the engine and turbo spool that i find the radio distracting, haha.

 

[Pre]

my girlfriend's brother has to make $759/month payments over 72 months on his IX. He bought the car new with no money down and traded in his 01 civic SI that had 8 grand in negative equity on it. I think the loan was for 42K with 10% interest....so $850/month seems really high.

I'm sure this is a common occurrence by those in debt, but man is that guy stupid! At the minimum trade your car in when you are even at least! People just don't want to work for sh1t anymore. :amen:

 

[Robevo]

Try to finance with your bank. its always cheaper.
The mitsu finance its sucks.
I bet same deal with your bank will reduce at least $100 a month.

 

[soopah]

No that price quoted with 5k downpayment.

Are they selling with a mark-up over MSRP or something? Talk to KMXxbadboy or Socal Mitsu dudes and find out what you should be paying.