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Lv 4

Can some one help me predict a monthly car payment please?

I'm just going to get right down to it and keep this short and sweet. Oh and please forgive me if I have bad grammer.

Now I want to by a Ford Fiesta. The average price I've seen online and with Kelley Blue Book is $15,000.

Now I am a first time buyer with $3,000 ready to pay in cash and looking for a 60 month car payment.

Please I don't want any smart @ss troll questions because I'm trying to get a projected bill summary payment on what my average per month would be.

3 Answers

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  • James
    Lv 7
    7 years ago
    Favorite Answer

    Try searching the web for a car loan calculator. You can also find similar sites that will estimate and include your insurance and other operating expenses.

  • Anonymous
    7 years ago

    First thing first go to a local bank or credit union and see if you qualify for a loan and how much they are

    willing to loan you. Since you are a teenager and a student without a full time job you may have a hard

    time securing a loan. Also on a used vehicle it will be harder to get a 5 year auto loan. So check out those

    things first then worry about payments. You said i have three thousand to pay cash no you have three

    thousand to use for a down payment. Make sure you have the money you will need for licensing and for

    insurance. When you have a auto loan you are required to carry full coverage insurance.

  • ?
    Lv 4
    7 years ago

    Roughly $270 -$300 a month. 6% interest for 60 months is about $20 per thousand financed. The spread in the estimate because We don't know the tax rates, tag and registration fees,titling or the "extras" you might decide to buy.

    If they ask you to buy an extended warranty to cover synthetic horn fluid changes, Muffler bearing lubes and summer and winter air rotations in your tires... Just say no.

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