Is this an average price for a 2024 Toyota Camry XSE? I think dealership APR rate is definitely too high and will look into financing though a credit union for sure.

  • No_Location_4749@alien.topBEnglish
    1·
    10 months ago

    Dont do it. Find a new 2023 camry xse and get the toyota advertised 3.5% that’s like 6 or 7k alone in interest saved. You’ll need a 730credit score to qualify but i wouldn’t care if it was in bangot maine and you had to have it shipped that is way too much

  • alroc84@alien.topBEnglish
    1·
    10 months ago

    Feels?? Add insurance to that and you got a 800 dollar a month car bill

  • Thetrader2896@alien.topBEnglish
    1·
    10 months ago

    Fuck that shit. Great way to stay poor

    Now throw that 600-800 into the stock market for 7 years. DCA, maybe it grows a lot, a bit or stays flat or goes lower. At least that money can always move upwards and not be a money pit for losing it like getting a new car

    My two cents

  • usainjp16@alien.topBEnglish
    1·
    10 months ago

    If you can’t pay that, get a cheaper or used car. That’s a lot of financing for many people to take on for 5-6 years.

  • Floppy_diskz@alien.topBEnglish
    1·
    10 months ago

    Get an old Corolla for like 1500 and it will run forever. No need for new stuff. Reduce, reuse, recycle and save money doing it. Not to mention new cars being allergic to tap water.

  • bLu_18@alien.topBEnglish
    1·
    10 months ago

    It’s basic math: do the price divided by the number of payments. Then, take that number, multiply it by the interest rate, and add a little on top of that to compensate for the compounding effect.

    40k for 60 months is $666/month, which would be at 0% interest. At about 10% interest, that’s at least $733. So yes, those numbers are correct.