How much do you have to pay per month on a used car?
My budget area for a used car is under 10K
My budget area for a used car is under 10K
Robert M
GO to CARS.com or CARGURUS.com! They ahve MILLIONS of gret used cars an they already have figured out the MONTHLY PAYMENTS for you! I bought TWO great OLD BENZ cars for u about $3,000 each from CARGURUS! Tehy een RATe the cars and let you kow if you are spending TOO MUCH or what youa re SAVING! YOu wil be AMAZED by CARGURUS adn yuou can get TWO SUPERCHARGED BENZ CONVERTIBLES from about year 2000 for that 10K you have waiting! OR GREAT USED AUDI TT convertibles for about $6,000 each or BMW 320 or 328I cars for the SAME PRICE as the AUDI cars! They are xDRIVES which is like QUATTRO! QUATTRO is the BEST adn there is ALSO SUBARI AWD cars prioved to be SUPERB and the engines are based on PORSCHE technology with a WATER JACKET! UNLIKE most GM cars the BENZ cars have a ONE MILLION MILE CLUB going on! And so fo does VOLVO! if you get a car to THAT mielage they give yuou a FREE CAR! Most GM cars are DONE by 100,000 miles! BUT>>>>there is PENNZOIL ULTRA PLATINUM OIL that with PRROF opf use, tehy EXTEND the engine warranty to 500,000 miles!! NOTHING is BETTER thatn THAT ONE! >>>iwas ALL Set to get a used BMW 6 sereis for $2,000. that woudl have been about $75 per month! USED EURO CARS are JSUT the BEST! They LAST and LAST and LAST! They MUST be STRONG enough to hndle the AUTOBAHN at 150 mph + .
Bort
There's no set amount it depends on *what* car it is.
John Alden
Find an online loan calculator and have at it.
https://www.calculator.net/loan-calculator.html
Artemisc
It depends on how long you want to pay, and what the interest rate is. Google "automobile loan calculator" and you can input the specifics and get a monthly payment. You credit will determine the rate you get, and bear in mind, interest rates can be negotiated under some circumstances.
Also, consider bi-monthly payments. Even if the loan company doesn't offer bi-monthly loans, you can do it by making half a payment 2 weeks before the first payment is due, then every two weeks after. There are two month each year where 3 payments will be taken. You can leave it alone, or stop the middle payment and still be on track. My kid let it ride. He had a 5 year loan and it was paid off a few months early.
Ogres are like Onions
I always help with these types of questions, because they’re the wrong questions to ask.
You’ll get a lot more clarity if you think this way:
“How much does it cost to borrow a certain amount of money?”
Then: “Which car can i buy with that amount?”
The car is virtually irrelevant. It’s all about the loan.
A $10,000 loan at 8% interest for 48 months is $244 per month
A $10,000 loan at 8% interest for 36 months is $313 per month
A $10,000 loan at 12% interest for 48 months is $263 per month
There are tons of free auto payment calculators online. Find out what interest rate is typical for someone with your credit score and plug in the numbers. Once you find the numbers you’re comfortable with? Then you go out and find the car to match.