topic Auto Loan Calculator Defered in Auto Loans

Auto Loan Calculator Defered

mustangy — Fri, 30 Nov 2012 00:40:26 GMT

its really hard to deal with loaners

mine is commercial Luxury limo services

car is Mercedes s350 bluetec

MSRP $78614.00

NYS TAX $6898.37 (%0.08775)

interest rate is %10.5

will pay approx $20 000 down ($4645.00 check loaner ask me its first and last payment 1938x2=3876 and 769.00 bank fee ???? )

total amount will transfer to dealer $70492.00

Now total loan is 70492.00 rate is %10.5 and its 4 years Loan

its $1804.83 montly payment this is the link of calculator http://www.bankrate.com/calculators/auto/auto-loan-calculator.aspx

creditor give me $1938.00 montly payment **bleep** when ask him he tried to explain with my calculator (2 different loan calculator from android store) doesn't have defferad options nw at home i found out even with deferred payment he is still worng

with 60 days deffer 48 months %10.5 and total loan is $70492.00 its still1836.25

this is the link defered loan http://www.globalrph.com/defer.cgi

Does any one have some deferred calculator link please

Or m i being ripped off ??

my company has 400 owner operator and all goes to same loan company and sales man told me you can check nothing wrong its same for every one and we doing for years but i m still suspicious??

any pro has calculator for this ? i really confused now!!!

Re: Auto Loan Calculator Defered

mustangy — Mon, 03 Dec 2012 16:10:04 GMT

\\Bumppp

Re: Auto Loan Calculator Defered

llecs — Mon, 03 Dec 2012 19:11:31 GMT

I don't have a link available and am trying to figure out your post....I don't know what the bank fee would be for. I admit I'm way out of the credit loop when it comes to buying a car, but even with subprime lenders, I never had to pay the first or last payment upfront. I had to pay the first 30-60 days after I got the cars. In my subprime days I also had to pay for gap insurance, title, tags, delivery, and so on, and I don't see these costs (I understand they may not be applicable). Could the difference be from that?

I definitely study it in detail before signing anything. Your rate really seems high for your scores too. I bet you can get half of that elsewhere.

Re: Auto Loan Calculator Defered

Anonymous — Mon, 03 Dec 2012 20:47:26 GMT

Why don't you check your state tax. Some of state require you have to pay tax for car payment.

Re: Auto Loan Calculator Defered

mustangy — Wed, 05 Dec 2012 06:01:47 GMT

$70492.00 Total loan amount is

$1938.00 monthly payments

48 total number of payments

paid 2 months upfront already

what is my real interest rate ?

state is new york already paid 0.0875 state tax $6878.72

I got upset on this guy he is keep sayng its deferred 2 months bla bla no insurance because my company have full covarage for full price of car and 21.000.000 accident

car is limousine and not many company give loan and this my first loan

any one can calculate this rate my calculation is %14.33 loan analyst keep saying %10.50 ?????

Re: Auto Loan Calculator Defered

mustangy — Fri, 14 Dec 2012 08:06:00 GMT

$70492.00 Total loan amount is

$1938.00 monthly payments

48 total number of payments

paid 2 months upfront already

what is my real interest rate ?

state is new york already paid 0.0875 state tax $6878.72

Re: Auto Loan Calculator Defered

Paperboy999 — Fri, 14 Dec 2012 14:02:04 GMT

Its right around 9.99. It took 30 seconds to figure out on yahoo

Re: Auto Loan Calculator Defered

mustangy — Fri, 14 Dec 2012 17:35:32 GMT

Thanks paperboy but i tried 20 differant calculator none of them goes 1938 a month

my calculation is comes 1804$ the link you provided

http://autos.yahoo.com/car-finance/monthly-loan-calculator.html

car actually $78.115

tax is (% 8.875) $6.835

down is $20.000
financer is accept $4654.00 ($1938x2=3876 first and last payment and $778 for bank fee)

down paid to dealer $15000

or in short

total principle loan $70490

montly payment $1938 x 48 (2 months paid up front first and last payment )

and seller said rates is %10.5 (high because car registered commercial limo)