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hmmm...
Posted by CWilson (more from CWilson) on Tue, 27 May 2008 13:25:26
In Reply to: What is the avg. car payment?, Railhead [Profile/Gallery]
, Tue, 27 May 2008 02:20:57
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Based on the average new car price of $28,700 in 2007, a payment would be ~$530 for 4 years with 20% down. That doesn't include tax, title or licensing fees and uses an interest rate of 5%.
So $679 doesn't seem to far fetched if the Mustang was loaded, maybe a higher interest rate, or little or no down payment. There are quite a bit of factors obviously but it sure seems high to me. Not a payment I'd want to make.
posted by 198.181.18...
Posts in this Thread:
- What is the avg. car payment?, Railhead , Tue, 27 May 2008 02:20:57
- $000 = $00,000 for 0 mos @ 0%, vvack0matic , Wed, 11 Jun 2008 17:26:33
- $679 = $35,000 for 60 mos @ 6%....., Mike Lynch , Tue, 27 May 2008 13:27:20
- hmmm..., CWilson, Tue, 27 May 2008 13:25:26 <-- Viewing This Message
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