Ok, Im hoping to get into the S2K community within next month. But first, I want to make sure payments will be decent enough for me to make. So here we go...

Current Car: 2003 Nissan Sentra SE-R Spec-V 19,xxx miles No money due on car, totally paid off. Can hopefully get $13,000 for the car traded in.

Looking at: 2000 Honda S2000 48,xxx $18-19,000

Ok, how much roughly would my monthly payments be? This is through a BMW dealers used lot so I wouldnt be using Hondas financing. Could I put all of the trade in down? Or could I keep a litte, (say 500ish) and put the rest down? Im not expecteing hard answers here, just a little help. And I figure I would get any biased info since Im not asking the dealer

Thanks a bunch guys....Luke

 

Up, I need an answer asap. Not to be a PITA but I know theres people smarter than me on these boards...

 

Go to www.edmunds.com there you will find pretty much all the information you are looking for, including finance calculators. You can also check with www.kbb.com for more information on car values.

I would check the car out thoroughly before making your purchase decision. Don't let the salesperson pressure you into making a decision too quickly and undervaluing your car and overvaluing the car you are considering purchasing.

Don't let them hype you with this one will fly off the lot if you don't make a decision ASAP. Remember December is traditionally a very slow car sales month, especially with roadsters.

Mi dos centavos

 

^thanks for the reply. Do you know of any 'problem spots' that I should definitly check out before buying it?

 

It depends on where you are from and your credit. Roughly I dont see you getting more than 11,000 for the Nissan. You can take 500 if you want from it. Say the S is 18,000.

18,000-11000= 7000. +500 (going into your pocket)=7,500.

7,500 + tax and tags. I'd say roughly $8,300.

Hows your credit? Financing over 60 months you would have a payment around 180 a month. How long do you want to finance for?

How do you figure youll be anywhere near 500?

 

If you mean the 'cash back', its just a number I pulled out of my head to have a little extra cash on hand. Im only 18, just about 19, so Im not sure about my credit. My step dad co-signed on the Nissan. He might have to co sign again. Would they let me sign on my own?

60 months is quite a few years. Ive had 4 going on 5 cars in about a year so I dont want to lock myself up Maybe 48? Im using that edmunds calculator and thats helping alot. I havent even really talked numbers with the dealer, Im doing that tommorow. I just want to have somewhat an idea of what Im looking at when I go in. Thanks for the help.

 

Youll probably need a co-signer still. If you do 36 months your payments will still be reasonable.

 

Usa a home equity loan, and the interest is deductible for your taxes.

 

you're 18? Check insurance first....it's going to hurt....18-19K for an 00? Probably way to much money....

 

Use an online car loan calculator