so by the time it is paid off she will have paid almost 5k in interest? 20k for a 2010 mazda with 50k miles on it. Seems like a steal of a deal!.....

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Gt2256v, FMIC, Port & Polish Head, Stage 2 Colt Cam. Rosten Rods, PD150 Pistons, Oil Cooler, Fuel Cooler, Diablo W/M kit, Built 5 speed with LSD
I work on enough GP's to know I don't want to own one =P

Call me crazy but my sister just got all the paper work for her new car and that price jumped a whole lot.

the price was $13200 and after Tax, Tag, and Title it came to $19450
is that right?

thats like $6000 for all that. that sounds wrong.

tell me what you guys think.

Depending on what the APR is that is a darn possible number. Sales tax should be about a grand and title/license should be another hundred or so I'd guess (not really familiar with how much that stuff costs in different states.). If she paid in full that price would be less than 15000 I'd guess, but if she's financing it over 72 months, she's going to get nailed with interest.

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Dubs:00 VW GTI VR6, Low and Slow 91 VW GTI 8v, Shave the Bay!! 91 VW Cabriolet 8v, bitch Basket
GP's:04 GP GT, Past now G-Ma's Girlfriend's 97 GP GT, "Project Pink Power"

ok. well sucks for her.

She financed with the dealer. First mistake.

She bought a car using the "I can pay this much per month mentality". Second mistake.

She obviously told the dealer that, so he "got her into a car she wanted in her 'price range'". Third mistake.

She financed a car for 72 months. Fourth mistake.

She didn't stick to her original budget. Fifth mistake....

This is one big fail.

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exactly

financing though a dealer is normaly bad she should have went though here bank

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92 LeBaron Convert: Turbo 3L 97 Grand Prix GT 4dr "Frankenstein": L67 4t65 swap
97 Grand Marquis: Summer DD 99 Grand Prix GTP: Top Swap Beater

to brick, she actually financed it over 84 months. just asked her. wow, thats a long time.

84 months is insane. In 4 years, she'll still have about $7k owed on the car and it'll hardly be worth that, but she'll have another 4 to go til paid off. Better hope it doesn't get totaled past that point as the insurance check won't even be enough to pay the loan off.

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'96 Black Grand Prix SE 3100
'94 Green Grand Prix SE 3100
'94 Mazda B4000 SE 4x4

See if you can get her out of this mess. This is not good news.

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2012 Ford Focus SE Sport
2012 MINI Cooper Clubman

I have ADHD and drive a Focus. Ironically.
Although gold dust is precious, when it gets in your eyes, it obstructs your vision.

Call me crazy, but I could never go out and finance a car. Then again I can say that know when I'm still young and dumb, but my next car will be paid in full up front or I won't get it. I've never been a fan of credit other than my "Bone me in the ass" student loans.

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Dubs:00 VW GTI VR6, Low and Slow 91 VW GTI 8v, Shave the Bay!! 91 VW Cabriolet 8v, bitch Basket
GP's:04 GP GT, Past now G-Ma's Girlfriend's 97 GP GT, "Project Pink Power"

only car i ever took a loan on was thr 01 and that was just to stat my credit took out a 3 year loan for 4k waited the 12 months on consistant payments then paid it all off

every other car i have had i paid cash or traded. every oen and i have had over 30 cars and for most of that no job lol

the 30 cars does not include the $300 or less cars i bought to just part and scrap to make a profit and is actualy how i made a living for a wile

the caravan is one of these cars

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92 LeBaron Convert: Turbo 3L 97 Grand Prix GT 4dr "Frankenstein": L67 4t65 swap
97 Grand Marquis: Summer DD 99 Grand Prix GTP: Top Swap Beater

84 months? I didn't even know they made used car loans for that duration. 84 months is crazy for a new vehicle, let alone one with 50k miles.

Hopefully you can get her out of this situation because in the end it won't be good. She'll only get further into debt troubles.

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2005 GTP | F-body brakes | Parrot Bluetooth
2008 Silverado Crew Cab

72 months is the longest I had seen, and that is a recent development even on a NEW car.

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2012 Ford Focus SE Sport
2012 MINI Cooper Clubman

I have ADHD and drive a Focus. Ironically.
Although gold dust is precious, when it gets in your eyes, it obstructs your vision.

That could be the price the car cost after it's paid off, but if that's the final price before financing she got burned. Multiply the monthly payment by 84 and see what you come up with.

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Bright Red 2008 G8 GT

Mods: DRCUSTOMPARTS Center Gauge Bezel
Superchips ECM/TCM Tune- Volant CAI
Solo Axlebacks - HID's
Holden V8 Badges
My Website

Going with a 10% rate (being generous), and using that number as initial price.. after 7 years that car will cost $18,407. Quite a steal if ya ask me... for the dealer that is.

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'96 Black Grand Prix SE 3100
'94 Green Grand Prix SE 3100
'94 Mazda B4000 SE 4x4

The dealer doesn't collect the interest, the bank that financed the car does.

_________________
Bright Red 2008 G8 GT

Mods: DRCUSTOMPARTS Center Gauge Bezel
Superchips ECM/TCM Tune- Volant CAI
Solo Axlebacks - HID's
Holden V8 Badges
My Website