Quote:
Originally Posted by happytheman
Get pre-approved by a credit union or bank and you don't have to get the loan at the dealership. I bought my '09 w/ 10k miles w/ a 3.74% apr through my credit union! Check Cars.com, Autotrader.com and Carmax.com. You'll be amazed at what you can find with a little research and patience. Get what you really want and you wont have to spend good money for paint which will decrease your vehicles value. Spend the $3k for some a CAI and CBE!  |
The only thing I'm slightly confused about this whole thing is, minus all miscellaneous expenses it basically comes down to:
Car price
Sales tax
APR
Interest Rate
Trade in value
Down payment
Right?
Or is the APR the same exact thing as the Interest Rate?
I'm trying to figure out what exactly my costs will be with:
$30k 370Z
$6000 trade in car
7% sales tax
No down payment
I believe 2.9% APR
Interest Rate?