How much would a 10,000$ down payment for a 20,000$ car make the monthly payment of a scion tc?

Reply
 
LinkBack Thread Tools Display Modes
Old 31 Jul 2013, 01:55 am   #1 (permalink)
Junior Member
  • Join Date: Jul 2013
  • Posts: 5
  • User Status: Offline


Default How much would a 10,000$ down payment for a 20,000$ car make the monthly payment of a scion tc?

How much would a 10,000$ down payment for a 20,000$ car make the monthly payment of a scion tc?
  Reply With Quote
Old 31 Jul 2013, 02:10 am   #2 (permalink)
Senior Member
  • Join Date: Apr 2010
  • Posts: 135
  • User Status: Offline


Default

What's the term of the loan, what's your A.P.R?
  Reply With Quote
Old 31 Jul 2013, 02:24 am   #3 (permalink)
Member
  • Join Date: Feb 2010
  • Posts: 42
  • User Status: Offline


Default

depends on the type of loan rate you get and how good your credit report is.















and just so you know banks give higher loan rates so your best bet is to go to a credit union.















and me personally (in my thought) I wouldn't get a loan through the car dealership at all. unless they have a better loan rate then the credit union best of luck to ya on the buy
  Reply With Quote
Old 31 Jul 2013, 02:40 am   #4 (permalink)
Member
  • Join Date: Feb 2010
  • Posts: 40
  • User Status: Offline


Default

Nobody can answer that question without knowing the terms of the loan.































You need three components to determine the monthly payment. The amount, the interest rate and the length of the loan. All you gave us was the amount.































But the general rule in auto financing is that for every $1000 you borrow your payment will be $25. So if you borrowed $10,000 your payment would be around $250 a month for 60 months. If you have excellent credit you can reduce that to $20 per $1000.































This isn't an exact science but it will get you in the ballpark as they say.
  Reply With Quote

Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 01:01 pm.

Attribution:
Autoblog
Powered by Yahoo Answers



ToyotaLexusForum.com is an unofficial community for car enthusiasts. ToyotaLexusForum.com is not affiliated with Toyota Motor Corporation in any way.
Toyota Motor Corporation does not sponsor, support, or endorse ToyotaLexusForum.com in any way.
Copyright/trademark/sales mark infringements are not intended or implied.