Quote:
Originally Posted by LakeShow
So I went again and I ended up getting 400$ out of 500$. The manager try tp reason with me and wrote me a deal 1.99% and signed it and said I'll keep 100$ to save you the car. I just was like ok before I go any further and he gives me no money. I'll bite the 100$.
By the way how much should I be paying a month for a Z like this? 599$ for 60 months is what I was quoted with the 6500$ trade in. Is that high? How much is it no money down for a Z like this?
|
There are plenty of loan calculators around. Don't think in terms of money per month when negotiating.
Like I mentioned earlier. You have three negotiations:
1. Price
2. Trade-in
3. Interest rate/Terms
If you got got them to go down to 1.99%, then it looks like a good deal on price and interest rates. The calculator I looked at showed $595.80 for 1.99%@60 months for a 34K loan.
Remember the more money down the more you save. With the loan terms above, you are paying about 2k in interest over the course of the loan. If instead the loan was for 24k, you'd only be paying around $1200 in interest