I need some help guys?

[imported_marco]

I went to the dealer today to test drive the 135i and all I have to say is ohhh my F.... god that thing hauls ass.
this is what I'm looking for as far as what I would want in my dream car.
6 speed manual trainny
sport package
metalic paint sparkling graphite.
and I guees what ever like the license and registration/
QUESTIONS?
1. what would be the price on a car like the one I describe?
2. what are you guys paying as far as a monthly payment if you guys are financing the whole thing or didn't put too much money down?
I am asking all this questions because the guy wanted me to pay like $826 a month for the car. there isn't a fucken way I'm paying that much a month especially for 72 months. and I was going to put 5K down. and it was like nothing no even a dent.
any help on this subject will be gladly appreciated.

[Bizall]

With just those specs...MSRP is $37150. That doesn't include ANYTHING else...just the sports package and SGM. Depending on if you get any $$$ off and what your sales tax etc. is...probably around $40k OTD. I will be financing $35K for 72 months at 5.89% interest....comes out to around $578 a month or so. Hope this helps.

[SF_VR6]

Originally Posted by marco

I went to the dealer today to test drive the 135i and all I have to say is ohhh my F.... god that thing hauls ass.
this is what I'm looking for as far as what I would want in my dream car.
6 speed manual trainny
sport package
metalic paint sparkling graphite.
and I guees what ever like the license and registration/
QUESTIONS?
1. what would be the price on a car like the one I describe?
2. what are you guys paying as far as a monthly payment if you guys are financing the whole thing or didn't put too much money down?
I am asking all this questions because the guy wanted me to pay like $826 a month for the car. there isn't a fucken way I'm paying that much a month especially for 72 months. and I was going to put 5K down. and it was like nothing no even a dent.
any help on this subject will be gladly appreciated.

Looks like you have a whole lotta homework ahead on this.

5k down is barely enough to make a dent into the principle of the 135 after tax, title, and delivery.

You will have to put down HALF which is still gonna be about around 500 bucks a month for 60 months.

[Dan203]

Do you have really bad credit? Because based on my calculations your car would cost roughly $40500 after tax, docs & fees. With a $5K down payment you'd have to paying ~19% interest to get an $826 monthly payment for 72 months. Either that or you've got something else going on like you're upside down on your trade-in, or the car has a lot more options then you think. Although even if the car was fully loaded it you'd still have to be paying ~10% interest for a payment that high. So if you're not upside down on your trade then the dealer is trying to screw you and you need to go somewhere else.

Dan

[imported_marco]

Originally Posted by Dan203

Do you have really bad credit? Because based on my calculations your car would cost roughly $40500 after tax, docs & fees. With a $5K down payment you'd have to paying ~19% interest to get an $826 monthly payment for 72 months. Either that or you've got something else going on like you're upside down on your trade-in, or the car has a lot more options then you think. Although even if the car was fully loaded it you'd still have to be paying ~10% interest for a payment that high. So if you're not upside down on your trade then the dealer is trying to screw you and you need to go somewhere else.

Dan

OK here is the facts:
in december of 2007 I bought a 2008 toyota corolla because of the gas increase back them my credit score was 723 and now the corolla is paid off. I have no montly payments at all.
BUT I have to sell my condo due to the house market sucks in california I was obligated to do a short sale, and that's what fuck my credit up. the run my credit and it came out 604, now I know that not perfect but i thought it was going to be worst, this short sales really mess you up but I didn't have no choice, So finally after 6 months of the short sale process its done.
I have no trade in or upside down, MAYBE i just wait until the end of this year and try to get a better deal since my credit score should be much better them.
My questions is how much of a down payment do you guys have to put down to get your payments around $500 $550 or so.
BTW he was saying a interest rate of 8.7% .
I know he was trying to fuck me over, I knew that I went to the dealer to find out my opotions and test drive the car, and I accomplish that now I just need to save more money and get my credit score higher I guess.

[Dan203]

To get an $827 payment at 8.7% interest for 72 months you'd have to be financing $46,000. So either the car was much higher speced then you thought, or they weren't figuring in your $5K down payment.

To get your payments down to ~$500 for 72 months at 8.7% then you have to finance only $28K. That means you'd need roughly $12K down on the car you detailed in your first post.

Dan

[Bullitt]

According to the finance options provided for my 135i at almost $48K after taxes/fees, putting $5K down would require a $866 monthly payment for 60 months at 8% APR. Hope this helps.