Financing 25k
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A V8
Financing 25k
Hey guys quick question, thinking about jumping on a C63, for 45k. I'll pay up 20 cash. I'm not sure what the interest rate of the loan would be, but how much a month would financing 25k be? (roughly)
I tried looking on MB's website but it's a long *** process, so i figured i could get rough idea on here before i go into the stealership. Credit is excellent.
I tried looking on MB's website but it's a long *** process, so i figured i could get rough idea on here before i go into the stealership. Credit is excellent.
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From: Denham Springs,LA
'12 C63 Black Series, '12 ML350 BlueTech
I remember seeing cpo offers for 2.99% interest rate.
But it will depend on your credit history. Putting 20k down will definitely help.
Check credit unions like penfed or else. At some point they were doing 1.99% for 72 months.
From that point on when you know the interest rate you can simulate your monthly payment with any online calculator.
GL
But it will depend on your credit history. Putting 20k down will definitely help.
Check credit unions like penfed or else. At some point they were doing 1.99% for 72 months.
From that point on when you know the interest rate you can simulate your monthly payment with any online calculator.
GL
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It's tough deciding what to do. I was in the midst of buying an IS250 cash tomorrow for about 23-24k. and hold out for another year for a 2012-13 c63.
But i may possibly be doing some investing this year and don't want to tie the money up. So i figure i could drop 15-20 on the 63, finance the rest and dump it in 2 years. (I get bored easily)
Leasing is out of the question. I just don't know how i feel about making monthly payments on a depreciating asset. Plus i've never had car payments before, so this is kinda bugging me as well.
But i may possibly be doing some investing this year and don't want to tie the money up. So i figure i could drop 15-20 on the 63, finance the rest and dump it in 2 years. (I get bored easily)
Leasing is out of the question. I just don't know how i feel about making monthly payments on a depreciating asset. Plus i've never had car payments before, so this is kinda bugging me as well.
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MBWorld Fanatic!
Joined: Oct 2012
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From: Denham Springs,LA
'12 C63 Black Series, '12 ML350 BlueTech
It's tough deciding what to do. I was in the midst of buying an IS250 cash tomorrow for about 23-24k. and hold out for another year for a 2012-13 c63.
But i may possibly be doing some investing this year and don't want to tie the money up. So i figure i could drop 15-20 on the 63, finance the rest and dump it in 2 years. (I get bored easily)
Leasing is out of the question. I just don't know how i feel about making monthly payments on a depreciating asset. Plus i've never had car payments before, so this is kinda bugging me as well.
But i may possibly be doing some investing this year and don't want to tie the money up. So i figure i could drop 15-20 on the 63, finance the rest and dump it in 2 years. (I get bored easily)
Leasing is out of the question. I just don't know how i feel about making monthly payments on a depreciating asset. Plus i've never had car payments before, so this is kinda bugging me as well.
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'10 C63
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10 C six trizzle
Other than your credit rating, and downpayment. The model year of the car is also very important. Regardless of what the book value is, the newer the car is the better the rate will be. Judging by your price it's a 2010/2011? so your rate wont be as good as you could get on a newer vehicle. I know this doesnt apply to your situation but most places only finance up to 7yr old car.
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If you get bored easily the lease is for you as there are no strings attached and you can save on tax (depending on your location). But i wouldn't put down that much money on a lease. Do multiple deposits instead. That will help you lower the interest rate and you get your money back assuming the car is in good condition.
thanks for your reply. Let's say I were to lease, what do you think is just the right amount to put down?
Also, will insurance be different (more) if i lease? i'm 24. i'm thinking yes?
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24 and you're going to lease a C63?
Go gain some more financal sense before you jump into an AMG
I bought my C63 cash at 23, (im almost 26 now) came from dirt poor parents, had nothing, why not just go work a bit harder like I did and buy the entire car?
Just my opinion, I don't really consider people who finance/lease cars true "owners" their just renting the car similar to renting a house, just met to many cocky guys who brag over leasing a car
maybe find a way to turn that 20k into 200k first
its like this guy online, he put down 20k on a lambo and acts like hes god of his city or something, he's hella cocky but yet he's making $1500 payments a month, thats called being a idiot
Go gain some more financal sense before you jump into an AMG
I bought my C63 cash at 23, (im almost 26 now) came from dirt poor parents, had nothing, why not just go work a bit harder like I did and buy the entire car?
Just my opinion, I don't really consider people who finance/lease cars true "owners" their just renting the car similar to renting a house, just met to many cocky guys who brag over leasing a car
maybe find a way to turn that 20k into 200k first
its like this guy online, he put down 20k on a lambo and acts like hes god of his city or something, he's hella cocky but yet he's making $1500 payments a month, thats called being a idiot
Last edited by avery.whss; Jan 6, 2015 at 12:26 PM.
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2011 C63 AMG P31
24 and you're going to lease a C63?
Give your head a shake and go gain some more financal sense before you jump into an AMG
I bought my C63 cash at 23, came from dirt poor parents, had nothing, why not just go work a bit harder like I did and buy the entire car?
Just my opinion, I don't really consider people who finance/lease cars true "owners" their just renting the car similar to renting a house, just met to many cocky guys who brag over leasing a car
Give your head a shake and go gain some more financal sense before you jump into an AMG
I bought my C63 cash at 23, came from dirt poor parents, had nothing, why not just go work a bit harder like I did and buy the entire car?
Just my opinion, I don't really consider people who finance/lease cars true "owners" their just renting the car similar to renting a house, just met to many cocky guys who brag over leasing a car
Don't be an ***.
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like he says, greed is when your bartender has 3 houses he can't afford...theres no logic to buying material items that will probably put you in the hole
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2011 C63 AMG P31
Next car I buy I will finance at 0.9, just so I can put the cash into a medium risk TFSA and actually make money with my money.
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You have no idea of his financial standing. Guy could make 150k a year and just prefer saving money, investing, and making a higher interest return vs financing rate, rather then spending it all.
Next car I buy I will finance at 0.9, just so I can put the cash into a medium risk TFSA and actually make money with my money.
Next car I buy I will finance at 0.9, just so I can put the cash into a medium risk TFSA and actually make money with my money.
I get financing a brand new car, cause they drop in value like crazy but if it's <5 years old it's pointless i think
Last edited by avery.whss; Jan 6, 2015 at 12:36 PM.
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2011 C63 AMG P31
I'm just giving examples.
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You have no idea of his financial standing. Guy could make 150k a year and just prefer saving money, investing, and making a higher interest return vs financing rate, rather then spending it all.
Next car I buy I will finance at 0.9, just so I can put the cash into a medium risk TFSA and actually make money with my money.
Next car I buy I will finance at 0.9, just so I can put the cash into a medium risk TFSA and actually make money with my money.
Now if rates where the same as they were 10yrs ago it wouldn't be as good of an idea to finance
Also financing things such as cars or a house can actually increase your credit rating. Not using credit enough can hurt your loan worthiness and remove you from being eligible for lower rates elsewhere.
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you get taxed on the money it makes when you goto widthdraw it, just not on the money you put into it
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