LiquidG
Touring Car Champion
- Location
- Toronto Canada
Is this how you calculate a finance?
$30, 500 +tax = $35, 075
$35, 075 -downpayment $10, 000 = $25, 075
$25, 075 / 60months = $417.92
$417.92 * 1.05(5%) = $438.82 CND a month
The dealer was trying to tell me before tax if the car was 33 355 with $10000 downpayment for 60 months I will be paying $580.00 a month that seems wrong with a 10 k downpayment ...... Also that 580 doesnt include tax :iono: also remeber these are canadian prices.
$30, 500 +tax = $35, 075
$35, 075 -downpayment $10, 000 = $25, 075
$25, 075 / 60months = $417.92
$417.92 * 1.05(5%) = $438.82 CND a month
The dealer was trying to tell me before tax if the car was 33 355 with $10000 downpayment for 60 months I will be paying $580.00 a month that seems wrong with a 10 k downpayment ...... Also that 580 doesnt include tax :iono: also remeber these are canadian prices.