Say I'm buying a $20,000 car with a $7,000 down payment at a 10% interest rate?
486285
If u hav 10% interest to be paid then the total amount u will hav to pay is $22,000.00 coz 10% of 20,000 is 2,000.\nNow out of which u hav already paid $7,000 so the remaining amount to be paid=22,000-7,000=15,000. If u pay $400/month then the total no of months for which u hav to pay your loan=15,000/400=37.5 that is u will hav to pay $400/ month for 37 months and in the last month u will hav to $200. It will approximately take 3yrs and 2 months to pay your loan.
994193
I sure can.  It is neat to find someone who is looking for practice--I really appreciate that.\n\nSo if I have $20,000 invested for 3 years at 5.5% (compounded annually), how much interest do I earn?\n\nHow about if I have $7,500 invested for 12.5 years at 3.75% compounded annually?\n\nAnd finally, what if I have $12,000 invested for 5 years at 4.8% compounded monthly?\n\nHere are the answers you should get (all rounded to the nearest cent):\n$3,484.83\n$4,382.63\n$3,247.69
570135
If you've been paying on it for awhile the payments should be lower.  As it is a 2005, I wouldn't think that the payments would be much lower.  If you don't have very good credit, your interest rate could increase and this would cost you more in the long run.  Talk to a bank/loan assistant or to the finance manager at the dealership.  They are the only ones that can give you a good and accurate answer.
1102217
This is a complex mathmatical question. Since you have a long term loan, you're probably better off refinancing. I just refinanced, but from 16% to 7%. No question in my case. I had to pay a vehicle title transfer fee also. Check out the fees you will have to pay and compare your monthly payments. Mine dropped from $270 to $185. Check out this link. It seems to be sponsored by two finance companies, but it gives good information\nhttp://www.carbuyingtips.com/refinance.htm\nI found a new link.\nhttp://tinyurl.com/m3oam\nThis link is great. Should answer your question.
612939
If the first loan is $100,000 at 10%, and the second loan is $20,000 at 15%, then the blended rate is:\n\n(100,000*10% + 20,000*15%)/(100,000 + 20,000).
643649
I'd be careful with how much the seller is willing to pay.  Lenders have a limit to how much the seller can contribute towards your closing costs, usually either 3% or 6% of your purchase price depending on the type of loan you get.
72001
It depends on how much you owe at which rates, and how fast you're paying them off.  If it costs you $700 to drop 5%, you would be ahead after just a year if you owed $700 / 0.05 = $700 * 20 = $14,000.
724226
hard to know...you'd have to ask the bank.  Sounds like it may be accrued interest to the day of the month you are making the payoff and some sort of administrative fee--maybe title transfer fee?
935197
You really can't. If you give the car back, it will be a voluntary repossession on your credit, which is about as bad a regular repo. It will stay on your credit for seven years.\n\nWhy don't you refinance it and get a lower monthly payment? You can do a online search for auto refinance. There are a good many companies that will refinance a newer model car.
1172643
You'll pay about 18-20% interest.  Unless you paid it back fairly quickly, you could end up paying back a huge amount of money in interest. If at all possible, I would hold off on whatever it is you want to buy until you have the cash.
680574
That's bogus.  I suspect that salesman is not properly informed of the options that are available.  If that is the only way to buy things there, I personally would not shop at that store unless the total price plus the interest is somehow still lower than the price you could get at another store.
1049924
Did you talk to him about financing it, I f he wants you to buy it then maybe he could work something out with the down payment and charge you the current commercial interest rate until you get some equity into it and refinace though a Commercial lender
1095103
Between 10-20%.  10% gets you out of risk insurance, but if you can manage 20%, it can get you into the better interest rate.
1103946
It's probably not going to happen.  If you trade it in, the dealer is going to add that 8K to any balance on the new car so your payments will likely be a lot higher and you'll have to step down quite a bit on a car (and not sure a dealer will take that risk if you step down)\n\nBetter ideas: (some of these require excellent credit)\n- Talk to the loan holder on the car and see if you can't refinance it for a lower interest rate.\n\n- Join a credit union and then see if they will do a refi.  You might be able to both lower the interest rate and extend the term a bit longer so your payments will be lower.\n\n- Sell you car on the street and get more for it.  You will have to have the cash for the difference between what you owe and what it sells for (but still should be a LOT higher than the dealer trade in value).  Then you can go get a loan on a new, cheaper vehicle.\n\nTake this lesson to heart and buy cheaper next time.  A car really only has to reliably get your from point A to B, so stretching your finances to own something  fancy is pretty much a waste.  You will never accumulate real wealth if you keep doing that.\n\nGood luck.
1130502
Check on www.bankrate.com for interest rates.  It's always good to save money!
850456
Even 10% is way too little to put down.  The broker just wants a commission.\n\nOne key to financial happieness is to live within your means.
1080780
It's true. When I got my first vehicle I was approved for 12%apr and was more than happy with my car. Soon I was late on one of my payment and my APR jumped 23%!!!. The company ripped me off and eventually I let the car go back after the engine cracked. Don't worry about your credit though, It's only a number, and you need to not get stressed over it. Do what I do, buy it in cash!