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Numerous financial calculators exist... (archive)

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Posted by jedinite on December 18, 2000 at 10:35:06:

In Reply to: Anyone actually going to finance it? payment? posted by Ro 330i on December 17, 2000 at 14:39:50:

A quick search on google turned up a ton of calculators which will help you figure out your payments, if that's your concern.

Leading sites like Carpoint also have payment calculators.

Financing $50,000 at 8% APR with zero downpayment results in monthly payments of $1013.81 for 60 months, pushing the total cost of the car to $60,829.18 if you pay it off only on scheduled payments.

Assuming you get a "base" M3, you're talking $932.71 with the same period and APR. A good rule of thumb is that every $5000 down drops your payments about $100 per month over 60 months. Put $10,000 down and drop your monthly payment to $730.

Hope this helps.
~jedinite
bmw.jedinite.com


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