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Who are you guys going with as far as financing? Financed amount, down payment and monthly payment if you’d like the share. So far I have been pitched 7% apr, 10% minimum down 1400+ a month. Priced at msrp.
2022 Charger Hellcat Financing
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Highway freaking robbery right there....
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I have not I am going to start checking with my local credit unions
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Exactly my thought
My deal, if it ever shows up (and it probably won't) is as follows:
MSRP: $96k (something)
Actual selling price: $95,189
Down payment: $25,000
Interest rate: less than 1.9%
Estimated payment (48mo): Around $1,600/mo. - Total cost of loan: $105,182
In general, a car priced around $80,000 (base Hellcat with some options) is going to shake out like this:
(Assuming 5% interest rate, Florida 7% sales tax. Figures below are the out the door cost with tax and $300 for title/reg fees. Add $5/month if they charge you a document fee)
Price: $80,000
Down payment: $8,000
Estimated payment 60 months: $1,470 - Total cost of loan = $96,204
Estimated payment 72 months: $1,254 - Total cost of loan = $98,329
Estimated payment 84 months: $1,101 - Total cost of loan = $100,486
Keep in mind that the longer the term, generally the higher the interest rate. If they're quoting you 7%, either your credit isn't stellar or it's a combination of decent credit and a long term. Long term loans really rack up in total cost though, so watch out for that.
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44 Posts
My credit is 740+ And that’s definitely not a credit karma score lol
Well, you shouldn't be getting a 7% interest rate then, unless you're trying to get a $100k car on a 96 month loan or some such.
Or his debt to income ratio is slightly high
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1,180 Posts
It is folly to discuss what your finance rate is without also sharing your financial stats...rates go up as your risk to borrow goes up....rates are time sensitive...
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76,140 is my sales price 72 months
not sure if it’s high but experian is right at 20%
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1,180 Posts
try Ally
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690 Posts
dodge is doing 2.9 for 72 in my zip code
Dodge Deals & Incentives - Check out Current Lease Offers
Discover financing incentives and offers on a Dodge Vehicle near you. Choose the incentives and offers on the Dodge Vehicle you are looking for.
www.dodge.com
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I tried Wescom Credit Union which I bank with and I caught them right before they were closing but they approved me for 1100mo but that tomorrow they would give me the full details which would include months and apr
If it's a used car, I get it. Used cars pull higher APRs, even then, 7% is still high. My wife's credit is approaching 700. She just bought a used 2020 SUV last Saturday for 52k and financed at 3.9% over 72 months.
My official suggestion is to drop that lender giving you that bad offer and find one that isn't into jokes.
My official suggestion is to drop that lender giving you that bad offer and find one that isn't into jokes.
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Yeah tell me about desperate and in a rush is definitely not me. Lets blame inflation for getting rid of that 0%!
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38 Posts
Luckily I got in with Chrysler Capital and their 0% for 72 months before they did away with it 👍🏽
Out the door price was 87k. I believe I did 35 down and financed the rest. Initially 800/900 monthly but threw tens of thousands at it in the first year to bring the amount owed WAY down and refinanced at 10k owed, for 161 per month.
rate was 2.4% at a local credit union for all the financing. I had a really aggressive pay off scheme to minimize the total cost paid. It hurts me to give the bank any money so I wanted to do as little of that as possible.
rate was 2.4% at a local credit union for all the financing. I had a really aggressive pay off scheme to minimize the total cost paid. It hurts me to give the bank any money so I wanted to do as little of that as possible.
Xy breaks down total cost down well up above. There are calculators online too that help you understand how much you are paying for the loan over the term. My goal was to get the beast for literally as cheap as possible and that involved a HUGE down payment and aggressive pay off scheme. Although most people think wow that’s expensive, it’s really the only way I wanted to afford it. Anything less and it would have cost me more inthe long run. F that.
I would have paid in full in cash but had to work it this way because I was buying it before I had the cash in hand and didn’t want to wait a few months to have it. Doing it this way was as good as waiting but I had to work the banks and system a bit. Got the car sooner too and had to take a bit of risk inthe short term. Was worth it for me in the long run for sure.
I would have paid in full in cash but had to work it this way because I was buying it before I had the cash in hand and didn’t want to wait a few months to have it. Doing it this way was as good as waiting but I had to work the banks and system a bit. Got the car sooner too and had to take a bit of risk inthe short term. Was worth it for me in the long run for sure.
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