Quote:
Originally Posted by Tyga11
Quote:
Originally Posted by mattssi
To me, something seems off. APR for my select (this month) is 0.9%.
I did forget to ask if its 3 or 5 year select. That would obviously make a huge difference.
Assuming 5 year. 38% Balloon would make yours $30,303.1
Meaning, over 5 years you'll owe $49,441.90 plus financing costs and taxes, so $824 + tax + financing costs.
But if you put $20k down, that's $49,441.90 - $20k = $29,441.90 over 5 years for a payment of $490 + tax + financing costs.
If you did 3 year Select, I'm not sure what the balloon percentage is on that program.
Hope that helps a little. I could be wrong though  |
I was told the lowest Select rate is 2.9% (assuming credit about 740) This a 5 year.
They said .9% is only avail on traditional finance. |
Even 2.9% is great. Right now Porsche is doing 4.6% for their top tier credit buyers.