How much do you pay on your 2010/2011 GT per month...?
10-18-2010, 05:25 PM
#12
5th Gear Member
Join Date: Jun 2009
Location: Texas
Posts: 2,397
10-18-2010, 05:33 PM
#15
5th Gear Member
Join Date: Oct 2009
Location: Oregon
Posts: 2,645
Hell, my CTS-V payment is $470 a month (4 years) at 3.6%. I put 4k down on it and it was only 24k. Now, I pay about $1500 a month on it just to pay it off quickly.
Since you used Corvettes as an example . . .
A 2010 Grand Sport model runs in the $65k range. Base models (not the Z06) are in the $50-52k range.
With a $10,000 down payment and 3.5% over 5 years, your monthly payment would still be between $727 and $1,000 a month.
Sorry to say, but $500 is not uncommon these days by any means.
10-18-2010, 06:05 PM
#16
Banned
Join Date: Mar 2010
Location: missouri
Posts: 502
Why the hell are banks approving these kinds of loans for? paying around 10k a year car payment is living WAY beyond your means. Unless you are making big money.
When I bought my 2006 GT I had 3500 trade in and 6k down so I only pay 202$ a month.
When I buy a car Im putting at least half the value of the car as a down payment.
10-18-2010, 06:17 PM
#18
The reason why some of these other guys are able to get $350 or less is because they put large down payments on, have a trade in, and have excellent credit scores to get under 5% APR on their loans.
If you get $400 per month, even on a 72 month term with only like $4000 down on a lower end GT premium, you are doing damn good because you got a deal form the dealership and also got a very good interest rate.
10-18-2010, 06:20 PM
#19
Lol unless you're buying an older Vette, you'd have to put down a LOT of money to get a Vette payment under $500.
Hell, my CTS-V payment is $470 a month (4 years) at 3.6%. I put 4k down on it and it was only 24k. Now, I pay about $1500 a month on it just to pay it off quickly.
Since you used Corvettes as an example . . .
A 2010 Grand Sport model runs in the $65k range. Base models (not the Z06) are in the $50-52k range.
With a $10,000 down payment and 3.5% over 5 years, your monthly payment would still be between $727 and $1,000 a month.
Sorry to say, but $500 is not uncommon these days by any means.
Hell, my CTS-V payment is $470 a month (4 years) at 3.6%. I put 4k down on it and it was only 24k. Now, I pay about $1500 a month on it just to pay it off quickly.
Since you used Corvettes as an example . . .
A 2010 Grand Sport model runs in the $65k range. Base models (not the Z06) are in the $50-52k range.
With a $10,000 down payment and 3.5% over 5 years, your monthly payment would still be between $727 and $1,000 a month.
Sorry to say, but $500 is not uncommon these days by any means.
