montly notes on a new 2011
Member
Joined: Jan 2011
Posts: 97
Likes: 0
From: Molino, FL / Camp Frontenac (Shah Wali Kowt), Afghanistan
And I was hurting when I was paying my $602 monthly note on my 2008 Mustang GT/California Special.
All of the above is correct and even more so if you trade in a vehicle that you are still "upside" down on. Since I had paid a lot of stuff off (including all but $3,800 of the Mustang GT) and had some cash to put down I went up almost $7,000 more for what I paid for on the Mustang. But with the incentives and X-Plan I am now only footing a note of $210.70 per month of 73 months and I hope to double or triple up those payments or at least have the option to...to make that 73 months go down a lot faster.
As was mentioned in the first answering post...a lot of variables and generally the monthly payments (depending on the interest rate) can be calculated at between $16 and $20 per month per thousand (for a 6 year/72 month loan...less time frame/higher cost per thousand) as a rough opening estimate. So the more you put down or your trade in is worth plus those incentives/rebates and X-Plan discount help a lot in getting those "thousands" of dollars under control if you have to finance.
I can foresee this year that I might be able to pay this truck off, see what is available next year around March or April or so, keep the mileage down under 10,000 and with the same formula as I ran with this truck that I might just trade my "old" truck in on a new one just about even up (maybe even a few more "upgrades" thrown in) and then make that truck a long term keeper (if I can get it in red or blue...otherwise I'll probably just keep my current truck anyway...decisions, decisions...it's way too far away to think that far ahead...my brain hurts...Ha!).
Anyway good luck on running the numbers for your truck and hope it works out and hopefully well under $800 per month.
Dennis
116 dtg Dubai
117 dtg Home!
All of the above is correct and even more so if you trade in a vehicle that you are still "upside" down on. Since I had paid a lot of stuff off (including all but $3,800 of the Mustang GT) and had some cash to put down I went up almost $7,000 more for what I paid for on the Mustang. But with the incentives and X-Plan I am now only footing a note of $210.70 per month of 73 months and I hope to double or triple up those payments or at least have the option to...to make that 73 months go down a lot faster.
As was mentioned in the first answering post...a lot of variables and generally the monthly payments (depending on the interest rate) can be calculated at between $16 and $20 per month per thousand (for a 6 year/72 month loan...less time frame/higher cost per thousand) as a rough opening estimate. So the more you put down or your trade in is worth plus those incentives/rebates and X-Plan discount help a lot in getting those "thousands" of dollars under control if you have to finance.
I can foresee this year that I might be able to pay this truck off, see what is available next year around March or April or so, keep the mileage down under 10,000 and with the same formula as I ran with this truck that I might just trade my "old" truck in on a new one just about even up (maybe even a few more "upgrades" thrown in) and then make that truck a long term keeper (if I can get it in red or blue...otherwise I'll probably just keep my current truck anyway...decisions, decisions...it's way too far away to think that far ahead...my brain hurts...Ha!).
Anyway good luck on running the numbers for your truck and hope it works out and hopefully well under $800 per month.
Dennis
116 dtg Dubai
117 dtg Home!
Last edited by molinoman; Mar 5, 2011 at 04:21 AM.
Senior Member
Joined: Dec 2010
Posts: 485
Likes: 0
From: Petaluma, CA
I financed $17000 on my 2010 fx4, $240 per month with 3.9% interest. I suggest focusing on the price of the truck, not your monthly payments. I would have never gotten these rates if I didn't get 11 grand off the price of the truck.