Comments on: Auto Loan APR% Rates http://blog.myautoloan.com/auto-loan-information/auto-refinancing/auto-loan-arp-rates/ myAutoloan.com Home Page Mon, 23 Jan 2012 13:01:13 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: LexusalltheWay http://blog.myautoloan.com/auto-loan-information/auto-refinancing/auto-loan-arp-rates/comment-page-1/#comment-1625 LexusalltheWay Wed, 13 Oct 2010 21:14:00 +0000 http://blog.myautoloan.com/?p=55#comment-1625 By using $16.67 dollars per thousand on the car, it gives you an idea of monthly payments for 60 months (no APR). Using $13.99 dollars per thousand gives you an idea on monthly payments for 72 months (no APR). $14.71 already incorporates the 1.9% APR in the equation. If the price for a car is $22,000; monthly prices are at $366/month for 60 months- 0% APR and $323/month for 72 months with the 1.9% APR. Helps for budgeting and we all know the longer the loan, the higher the APR will be! By using $16.67 dollars per thousand on the car, it gives you an idea of monthly payments for 60 months (no APR). Using $13.99 dollars per thousand gives you an idea on monthly payments for 72 months (no APR). $14.71 already incorporates the 1.9% APR in the equation.

If the price for a car is $22,000; monthly prices are at $366/month for 60 months- 0% APR and $323/month for 72 months with the 1.9% APR. Helps for budgeting and we all know the longer the loan, the higher the APR will be!

]]> By: bbodine http://blog.myautoloan.com/auto-loan-information/auto-refinancing/auto-loan-arp-rates/comment-page-1/#comment-1249 bbodine Fri, 30 Jul 2010 21:07:52 +0000 http://blog.myautoloan.com/?p=55#comment-1249 Can anyone explain this fine print provided by Nissan in explaining the details of their 0% for 60 months financing program? Financing is subject to NMAC Tier 0 through Tier 2 credit approval. $16.67 per month per $1,000 borrowed at 0.0% for 60 months, $14.71 per month per $1,000 borrowed at 1.9% for 72 months, on all new above-noted vehicles in dealer stock. Wouldn't this be equivalent to a finance charge? And a steep on at that? Can anyone explain this fine print provided by Nissan in explaining the details of their 0% for 60 months financing program?

Financing is subject to NMAC Tier 0 through Tier 2 credit approval. $16.67 per month per $1,000 borrowed at 0.0% for 60 months, $14.71 per month per $1,000 borrowed at 1.9% for 72 months, on all new above-noted vehicles in dealer stock.

Wouldn’t this be equivalent to a finance charge? And a steep on at that?

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