Last post on Dec 03, 2013 at 6:13 PM
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#2447 of 2456 Re: New Lessee [velias2]
Feb 23, 2013 (1:02 am)
im sorry i responded to the wrong post. please disregard!
Jul 15, 2013 (2:00 pm)
A reporter would like to talk to a car buyer in his/her 20s who has a 72-month or longer term auto loan. If you would like to share your story, please send your daytime contact information to predmunds.com no later than Tuesday, 7/16/13 at 10 a.m. PT/1 p.m. ET.
#2454 of 2456 Re: 20 years - car loan? [Stever@Edmunds]
Jul 15, 2013 (6:23 pm)
man, did I misunderstand your topic the first time I read it. I thought it said people were taking 20 year car loans!
#2455 of 2456 Quotes reasonableness
Jul 25, 2013 (10:29 am)
Hi, everyone. I need a small assistance in car financing/leasing. I'm a citizen of Russia and moove to US for to years for a work. I would like to buy a Volksvagen CC, namely this one: Wished car. I'm buying a car with a Company who deals with expats and who can provide a car financing or leasing without credit history. I received the quote from the Compony today. Could you please assess it for reasonableness. Actually I have enough money to purhase it at full price, but I've got money on deposit in Russia with very good interest rates. So, if the quotes a reasonable, it is more profitable for me to use financing or leasing.
The quote is as follows:
$ 19,477.00 Capitalized Price of Vehicle1
$ 616.75 * Motor Vehicle Excise Tax 3.2500% State OK
$ 111.75 * Initial License Fee
$ 0.00 Registration Fee Order Information
$ 995.00 * Other:Application Processing Fee Driver Name
$ 4,869.25 * Capitalized Price Reduction
$ 0.00 * Tax on Capitalized Price Reduction
$ 0.00 Gain Applied From Prior Unit Lic. Plate Type Unknown
$ 0.00 * Security Deposit GVWR 0
$ 0.00 Extended Service Contract
$ 14,607.75 Total Capitalized Amount
$ 608.65 Depreciation Reserve 4.1666%
$ 77.78 Monthly Lease Charge (Based on Interest Rate - Subject to a Floor)
$ 686.43 Total Monthly R">ental Excluding Additional Services
$ 0.15 Reduced Book Value at 24 Months
$ 400.00 Service Charge Due at Lease Termination
Why the priceon the website is lower than the one stated in the quote. The company said that the difference refers to documentary fees and administrative fees. Is it reasonable?
#2456 of 2456 Car finance/refinance
Dec 03, 2013 (6:13 pm)
This is my first post here. Sorry if this topic is already discussed here.
I have purchased Toyota car with financing from dealer just 2 days back. on the day pf purchase, finance manager checked my credit score/report and said my apr rate would be 4.99%. I was planning to opt 0%(they had some special financing option available with lower rebate) but he convinced me for 4.99% in the stressful environment at dealership.
Now, today when I calculated the actual amount I will be spending for finance, it comes out as $2600 over the period of 5 years. I don't want to pay this much and I called the finance manager today and requested him if he can change the rate or give me special financing option. He denied to change anything now as the contract is signed and already sent to bank.
Now my questions are:
- Is there any way I can force him to change apr rate or allow me to opt for special financing (0%)?
- Can I refinance it so early ? It is just 2 days I took the loan.
- any other suggestion?