How can I effectively estimate my monthly payment?

MarcusMIA · 03-15-2009, 08:43 PM

I know websites give you certain tools to estimate, but they don't include taxes and things like that right?

I know that at the Nissan website they get the MSRP and just cut it up depending on your down payment, APR, and/or trade in.

I was wondering how I could effectively calculate a monthly payment with these things on mind. This is partly because I don't know how much exactly would go into taxes and dealer fees.

Maybe you guys could tell me, as well, how much your pay a month and how your taxes and dealer fees stacked up.

Thanks a lot. Really.

theDreamer · 03-15-2009, 08:49 PM

TTL would best be answered by a dealership in your area, tax where I live is 6.25% and I know that title and license (and anything else) is 275USD.

Basic formula:
=(X*(I/12))/(1-(1+I/12)^-M)

X=Final price (TTL)
I=Interest &
M=How many months

I am working for invoice price, so I take invoice times 6.25% and then add 275 and I have my X. Interest % I am really unsure of but I have been using 7% by hopefully shooting over, and then I know I want a five year note so that will be 60 months.

MarcusMIA · 03-15-2009, 08:58 PM

That's a compound interest formula, right? I still don't see what you try to get with it, though.

Whats TTL again? Tags/title/license???

What's the invoice for a Base + Sport Package? What about just Base?

theDreamer · 03-15-2009, 09:11 PM

Invoice pricing

That compound interest formula is what shows you your monthly payment, based on those variables.

355890 · 03-15-2009, 09:12 PM

I have a headache reading that last post.....try Edmunds auto calulator...put in your ZIP and it calculates the taxes....give or take 50 bucks.

355890 · 03-15-2009, 09:14 PM

Meant as a joke.....Always did lousy in Math. So I need technical aids.

theDreamer · 03-15-2009, 09:15 PM

Quote:

Originally Posted by 355890

I have a headache reading that last post.....try Edmunds auto calulator...put in your ZIP and it calculates the taxes....give or take 50 bucks.

That formula is where all these sites get theirs from, I use it in excel which allows me to adjust all the variables. The X is usually set to a certain box (C25 for example) which allows me to adjust the formula quickly instead of having to go to a website all the time, and allows me to quickly view different models, options, etc.

You responded while I was typing, oh I understand, just enjoy having fun.

MarcusMIA · 03-15-2009, 11:09 PM

Thanks for that Dreamer. I appreciate it.

Compound Interest is probably the most applicable thing you will ever learn in math. Very useful.

theDreamer · 03-15-2009, 11:11 PM

Depends on the career.

I will say, that currently I have a nice spreadsheet going with many different variables. X model with Y features, then I want to put down M amount of money, and estimate I% interest rate. I try to plan out everything before I even think about jumping onto it.

AK370Z · 03-15-2009, 11:22 PM

Here's the one I used when I got all my numbers and it was accurate to (-/+) $1.

Car Payment Estimates from carmax.com

Greg · 03-19-2009, 11:13 AM

I have used calculators, similar to these for years...

Amazon.com: financial calculator

Great for any sort of financial figures etc.. Also great at double checking the dealer's figures at contract signing.

03-15-2009, 08:43 PM	#1 (permalink)
MarcusMIA Base Member Join Date: Mar 2009 Location: Cap Hill, Seattle, WA Posts: 71 Drives: '14 370Z Blk MT Rep Power: 16	How can I effectively estimate my monthly payment? I know websites give you certain tools to estimate, but they don't include taxes and things like that right? I know that at the Nissan website they get the MSRP and just cut it up depending on your down payment, APR, and/or trade in. I was wondering how I could effectively calculate a monthly payment with these things on mind. This is partly because I don't know how much exactly would go into taxes and dealer fees. Maybe you guys could tell me, as well, how much your pay a month and how your taxes and dealer fees stacked up. Thanks a lot. Really.

03-15-2009, 08:49 PM	#2 (permalink)
theDreamer A True Z Fanatic Join Date: Feb 2009 Location: Texas Posts: 30,879 Drives: 370z Rep Power: 4210	TTL would best be answered by a dealership in your area, tax where I live is 6.25% and I know that title and license (and anything else) is 275USD. Basic formula: =(X*(I/12))/(1-(1+I/12)^-M) X=Final price (TTL) I=Interest & M=How many months I am working for invoice price, so I take invoice times 6.25% and then add 275 and I have my X. Interest % I am really unsure of but I have been using 7% by hopefully shooting over, and then I know I want a five year note so that will be 60 months. __________________ theDreamer's Z // Fast Intentions // Uprev // GTM // HKS // TEIN theDreamer's Silvia // URAS // GREDDY Houston Zs // Facebook // Twitter // Instagram

03-15-2009, 08:58 PM	#3 (permalink)
MarcusMIA Base Member Join Date: Mar 2009 Location: Cap Hill, Seattle, WA Posts: 71 Drives: '14 370Z Blk MT Rep Power: 16	That's a compound interest formula, right? I still don't see what you try to get with it, though. Whats TTL again? Tags/title/license??? What's the invoice for a Base + Sport Package? What about just Base? Last edited by MarcusMIA; 03-15-2009 at 09:01 PM.

03-15-2009, 09:11 PM	#4 (permalink)
theDreamer A True Z Fanatic Join Date: Feb 2009 Location: Texas Posts: 30,879 Drives: 370z Rep Power: 4210	Invoice pricing That compound interest formula is what shows you your monthly payment, based on those variables. __________________ theDreamer's Z // Fast Intentions // Uprev // GTM // HKS // TEIN theDreamer's Silvia // URAS // GREDDY Houston Zs // Facebook // Twitter // Instagram

03-15-2009, 11:11 PM	#9 (permalink)
theDreamer A True Z Fanatic Join Date: Feb 2009 Location: Texas Posts: 30,879 Drives: 370z Rep Power: 4210	Depends on the career. I will say, that currently I have a nice spreadsheet going with many different variables. X model with Y features, then I want to put down M amount of money, and estimate I% interest rate. I try to plan out everything before I even think about jumping onto it. __________________ theDreamer's Z // Fast Intentions // Uprev // GTM // HKS // TEIN theDreamer's Silvia // URAS // GREDDY Houston Zs // Facebook // Twitter // Instagram

03-15-2009, 09:12 PM	#5 (permalink)
355890 Enthusiast Member Join Date: Mar 2009 Location: Austin, Texas Posts: 416 Drives: GP Z Base+Sport (6m) Rep Power: 541	I have a headache reading that last post.....try Edmunds auto calulator...put in your ZIP and it calculates the taxes....give or take 50 bucks.

03-15-2009, 09:14 PM	#6 (permalink)
355890 Enthusiast Member Join Date: Mar 2009 Location: Austin, Texas Posts: 416 Drives: GP Z Base+Sport (6m) Rep Power: 541	Meant as a joke.....Always did lousy in Math. So I need technical aids.

03-15-2009, 11:09 PM	#8 (permalink)
MarcusMIA Base Member Join Date: Mar 2009 Location: Cap Hill, Seattle, WA Posts: 71 Drives: '14 370Z Blk MT Rep Power: 16	Thanks for that Dreamer. I appreciate it. Compound Interest is probably the most applicable thing you will ever learn in math. Very useful.

03-15-2009, 11:22 PM	#10 (permalink)
AK370Z Administrator Join Date: Sep 2008 Location: NJ Posts: 9,930 Drives: 09 370Z MB Sports M6 Rep Power: 10	Here's the one I used when I got all my numbers and it was accurate to (-/+) $1. Car Payment Estimates from carmax.com __________________ The370Z Signature Pictures ll Want to rock our forum decals on your car? Then click here! ll How to Embed YouTube Videos In a Post STOP! (Hammertime) ll Become a Premium Member Click HERE ll F.A.Q. Are You a Nissan Dealer? Click Here to Become A "Supporting Dealer" and Start Listing Your 370Zs In Our Inventory Section My Monterey Blue Z ll My Exhaust --> My Intake --> G3 Nissan's Official Response Regarding Oil Temp Issue: CLICK HERE Need a Set of Cheap Winter wheels /Tires? Then Visit The Banner Link Below and Place Your Order. You'll Help Keep The370Z Alive.

03-19-2009, 11:13 AM	#11 (permalink)
Greg Track Member Join Date: Dec 2008 Location: San Francisco Age: 56 Posts: 551 Drives: 06 350 ZR CS Rep Power: 299	I have used calculators, similar to these for years... Amazon.com: financial calculator Great for any sort of financial figures etc.. Also great at double checking the dealer's figures at contract signing. __________________ Chef Greg At Your Service

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