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Discussion Starter #1
hello is this too much for financing on a 2005 toyota corolla sport

total price with everything and all taxes is $31627

im putting $10000 down

so it workouts at
60 month finance at
$360.45

the rate is 5.7% is that too much

if i were to pay this and pay this mininum for the 60months

how much in total interest would i be paying, moneywise,

how do i make the calculations?

how can i save myself money?

how can i get th finance % down? any suggestions?

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as well secondly for the mazda 3 sport

the local flyers advertise 0% finance for 48 months on mazda

but the quote i got at the dealer ship was about

4.9% interest for finance.

This is the mazda 3 hatch back 2004

the total price with everything $30101.25

then im adding $10000 down
so i finance 20101.25

which works out to $379 a month at 4.9% for 60 month
is that too much for finance?

what would the total cost i be paying just in interest after the 60 months, how do i calculate this?
thank you
___________________________________________________

What do u all suggest i do in financing charges? i wnat to own my car, not have a lease, whats the best way to save some $$$
any suggestions?
thank you
 

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Platinum Shift Customs
Joined
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556 Posts
The cheapest way to buy a toyota is to use the Investment Lease option w/ the maximum down, and then write a cheque for the buyout, and since you are putting $10,000 down that would be no problem for you.

Jeff
 

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Not so noob anymore
Joined
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130 Posts
There are ny number of internet loan calculators on the web. You can also search for mortgage calculators which usually give you totals on interest.

If you don't like their rates talk to the banks and see if they'll loan you the money for a lower rate. Then go back to the dealer and tell them you will pay the $10G down and finance through them if they match or better the rate.
 

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koss78a said:
hello is this too much for financing on a 2005 toyota corolla sport
total price with everything and all taxes is $31627
im putting $10000 down
so it workouts at
60 month finance at
$360.45
the rate is 5.7% is that too much
if i were to pay this and pay this mininum for the 60months
how much in total interest would i be paying, moneywise,
how do i make the calculations?
Please head over to this link here and punch in all your info to calculate your payments and stuff:
http://mazda.ca/eng/getin/mazdamaker/engieChoose.asp

It looks like

Province : Ontario
Sub-Total : $21,550.00
DownPayment: $10,000.00
Estimated Trade in Value: $0.00
Freight & PDE : $925.00

PST : $1,798.00
GST : $1,573.25
Purchase Total : $15,846.25



Months - APR - Monthly

24m 2.90% $680.39

36m 2.90% $460.13

48m 4.90% $364.21

60m 4.90% $298.31
 

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"The cheapest way to buy a toyota is to use the Investment Lease option w/ the maximum down, and then write a cheque for the buyout, and since you are putting $10,000 down that would be no problem for you."

Seriously? Why is it cheaper?
 

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Platinum Shift Customs
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556 Posts
the long and short of it is...lower interest rate and the security deposit. Would you like me to go into more detail about how it actually works?
 

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105 Posts
I am sure I can figure it out but I am being lasy and will question if I got it right. So if you would that would be great.
 
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