AUTO RATES

(From Bankrate.com)

 

1.        Find the car you want.  Print out information on your car. 

 

2.       Next go to the auto Calculator at http://www.edmunds.com/apps/calc/CalculatorController

 

 

3.       Market Finance Rate (APR) & Finance Terms—BASED ON YOUR CAR CHOICE.

        (These are the current rates and how many months you will pay for it). 

 

If you buy a new car, you can choose how long you want to pay for it from this list.

 

NEW                        36 months – 6.87%

                        48 months – 6.96%

                        60 months – 7.15%

                        70 months – 7.29%

 

If you buy a used car, you must choose from below.  Your choices are limited.

 

USED               36 months – 7.43%

                        48 months – 7.64%

                        60 months – 7.79% (cannot be older than model 2001 for 60 months)

 

If you buy a used car older than model 2001, you must pay for it in 36 or 48 months.

 

 

4.       After you have filled in all of the above shown in the picture, click Calculate.

 

5.       PRINT OUT THE CALCULATION.  Attach the printout to this form along with a printout of your auto information/picture.

 

6.       Enter the monthly amount in Column B for the Car #1 payment of your spreadsheet.

 

7.       If you buy a 2^nd car, you should repeat this process.  You will need all printouts for your 2^nd car also.  Enter the amount for your 2^nd car in Column B for the Car #2 payment.