Acura TL
but nice though 
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@ $35,000 with $0 down and $0 trade in with a maximum of 6.9% interest for 5 years and adding $2k to cover TT&L:
Should come close to $630/month
Here's a little math lesson for ya: To figure this out for yourself take the total the car may cost (in this case, 35,000, the $2000 for tt&l is an estimated value, it may vary but is good to put in there to prepare yourself for the shock), divide it by the number of years you intend to finance it for. (so 35,000 / 5 years = 7,000). Now multiply that amount by the interest rate. (in this case 7000 a year times 6.9% annual (yearly) percentage rate gives you annual note of 7483). Now take that amount and divide by 12 months and that will give you your monthly note. (about 623.58).
Should come close to $630/month
Here's a little math lesson for ya: To figure this out for yourself take the total the car may cost (in this case, 35,000, the $2000 for tt&l is an estimated value, it may vary but is good to put in there to prepare yourself for the shock), divide it by the number of years you intend to finance it for. (so 35,000 / 5 years = 7,000). Now multiply that amount by the interest rate. (in this case 7000 a year times 6.9% annual (yearly) percentage rate gives you annual note of 7483). Now take that amount and divide by 12 months and that will give you your monthly note. (about 623.58).
Last edited by PrecisnTec; Jun 3, 2005 at 07:43 AM.
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That math seems pretty sound. Thanks for the lesson. I usually follow a pretty easy rough guess... The typical term length is 5 years and interest rates are usually around your 6-7% mark. Under those circumstance you can just say $20/mo for every thousand dollars financed. For example a ten thousand note would be (give or take a bit) $200/mo... $20,000 finanaced = roughly $400/mo... you get the idea.
If I compare your formula to my rule of thumb it's not that bad.
$20,000/5yrs = $4000/yr ; $4000/yr X 1.07 = 4280/yr ; 4280/12mos. = $356/mo
As you quickly talk price with a salesman it's tough to do your long form math. My rule of thumb is easy enough to do in your head on the fly. Besides, there are usually always some hidden expenses when you finally do the paperwork so my rule of thumb leaves a little room for that kind of stuff. $356 plus random crap = $400ish
That math seems pretty sound. Thanks for the lesson. I usually follow a pretty easy rough guess... The typical term length is 5 years and interest rates are usually around your 6-7% mark. Under those circumstance you can just say $20/mo for every thousand dollars financed. For example a ten thousand note would be (give or take a bit) $200/mo... $20,000 finanaced = roughly $400/mo... you get the idea.
If I compare your formula to my rule of thumb it's not that bad.
$20,000/5yrs = $4000/yr ; $4000/yr X 1.07 = 4280/yr ; 4280/12mos. = $356/mo
As you quickly talk price with a salesman it's tough to do your long form math. My rule of thumb is easy enough to do in your head on the fly. Besides, there are usually always some hidden expenses when you finally do the paperwork so my rule of thumb leaves a little room for that kind of stuff. $356 plus random crap = $400ish
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From: Los Angeles
Rep Power: 288 You could try the payment calculator on Acura's site, its on the bottom of the left menu bar:
http://www.acura.com/models/model_index.asp?module=tl
http://www.acura.com/models/model_index.asp?module=tl
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