Post by
Ferguson »
https://forums.nicoclub.com/ferguson-u119207.html
Mon Feb 16, 2009 4:21 pm
I financed half the cost of my car, and pay only 300+ a month. If I had financed the entire thing, my payments would only have been around 800. There is no way that $4000 can add 400 a month to the payments. Unless you are trying to pay off the car in 1 year, someone was screwing with you. Plus, at Nissan's rates, it actually makes sense to finance the car because their rate is far lower than bank interest rates. If I had thought about it more, I probably would have financed more of the car! 400 a month equates to about 18-22K, depending on rate and term, but not 4K.
Modified by Ferguson at 9:37 PM 2/16/2009