Monthly payment

[dalola]

Monthly payment questions are useless. Term + rate.
I could say $1 or $2,000 - that doesn't tell you a darn thing.

Completely agree, but that's all the OP asked for!

And unfortunately, most people put too much focus on that monthly payment, vs their whole financial picture.

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[Scupking]

$307 a month on a 7 year loan from the credit union!

 

[Dignam]

Not sure what the exact payment is (maybe $600??), I just picked the term with the lowest rate (5%). Should have it all paid off in a few months; planning to do a lump sum to finish it off.

 

[stoptothink]

$0. Just as I have done with the last 3 vehicle purchases, came ready to write a check but sales manager found me another rebate to finance. Put down as much as they would let me on a credit card (that I'm churning) and then paid it off before the first payment was due. I'm sure the sales manager lost his kickback, but that's his problem.

 

[Dmat]

So I have Lariat Lux Hybrid. 32,880 msrp. Since the car market was crazy. I got 16k for my 2019 fusion. paid 17k like 4 years ago and still owed like 7k or so. Put another 5k down. Got 4 years @ 5.6% for a $482 a month note. Still like 1k-2k interest going to be paid over the course of the loan :/

 

[Saltwater Cowboys]

Get $437 back per month, plus around 25 cents per mile for every mile I drive for business.

 

[VICKY]

What are ya'll paying per month? I am financing a 2023 ecoboost. $33k after taxes fees. Trading in my car for a minimum of $8.5k. $5k down. 7.7% interest rate. $379 per month.

$512 but no trade in.

 

[Deb from MN]

2022 xlt 0% 36 months 564.00 8 months to go!

 

[cavemold]

What are ya'll paying per month? I am financing a 2023 ecoboost. $33k after taxes fees. Trading in my car for a minimum of $8.5k. $5k down. 7.7% interest rate. $379 per month.

2022 eco Fwd only 250 per month 0.9 Apr 36months

 

[cavemold]

$307 a month on a 8 year loan from the credit union!

8 years ? Why so long ? Intresting never seen such a long one before

 

[Scupking]

8 years ? Why so long ? Intresting never seen such a long one before

It's a 7 year... Wasn't thinking when typing...

 

[colinl]

8 years ? Why so long ? Intresting never seen such a long one before

It's not uncommon at all these days for heavy duty trucks costing 80-100k to be financed for 10 years. well - wasn't uncommon, when interest rates were extremely low. now that they're 7-9%, I have a feeling people are not doing that.

 

[Buellrider]

2022 Lariat Lux FE Hybrid, paid cash.

 

[cavemold]

It's not uncommon at all these days for heavy duty trucks costing 80-100k to be financed for 10 years. well - wasn't uncommon, when interest rates were extremely low. now that they're 7-9%, I have a feeling people are not doing that.

True yea that apr would be like doubling your payments 🫣

 

[Samus]

i used NFCU and I got 5.24 for 60 months. I have excellent credit(800+) but i have never had aloan before so that ding'd me for 4.74.

Yeah, I haven't actually went to NFCU yet to see what they will give me, but I also have 800+ and have had loans before, so hopefully I can get the 4.74. I also plan on paying it off sooner than 5 years, so I shall see what happens.

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