This program generates a table of monthly payments based on the purchase price for a vehicle. It takes the sales price, adds the tax and license fees, subtracts the down payment and amortizes the amount left over based on the loan interest rate. The table generated represents a price range for the prospective buyer. The numbers that you get won't be exact but hopefully they will be close and this will help you do battle at the dealership. Please note these numbers assume California D.M.V. license fees.
Down Payment: $ 5000.00 60 Month Loan Interest Rate: 9.25% Sale Sales Reg/Lic Combined Term Total Amount Monthly Price Tax Fees Total Cost Interest Financed Payment ------------------------------------------------------------------------------ 17000.00 1402.50 187.69 18590.19 22025.60 3435.41 13590.19 283.76 17100.00 1410.75 188.35 18889.25 22162.40 3463.30 13699.10 286.04 17200.00 1419.00 189.00 18808.00 22298.60 3490.60 13808.00 288.31 17300.00 1427.25 189.66 18916.91 22434.80 3517.89 13916.91 290.58 17400.00 1435.50 190.32 19025.82 22571.60 3545.78 14025.82 292.86 Cost + Tax + DMV = total real total pain
There is a book that I have used which saved me at least 4-6K on my last purchase. It was not only well written so I could understand but full of helpful ideas. It's "In The Drivers's Seat, The new car buyer's negotiating bible" W. James Bragg, ISBN:0-679-74633-1. It was $12.00 when I purchased the book(1993). One of the information services mentioned in the book that I used was "The Fighting Chance, 1-800-288-1134" The price was $19.95 plus $3.00 shipping for the package. Please see www.FightingChance.com. for current information. Update ... I've since learned the book is out of print but it can be purchased used on the cheap. Do a search with the ISBN number above.
Hopefully some helpful information below. These URLs below are not sponsors, they are sites that have been listed in various newspaper and magazine articles.
Autobytel.com -- A page where you can find Dealer MSRP and invoice information. Click on the research tab, then click on the make of the vehicle. If it's up to date there is some really good info here. Now if we can only find stuff about holdback and "factory to dealer" incentives. This is the money that drops the cost of the vehicle below invoice.
CarClub.com -- This page has info on both new and used cars. It also has insurance and finance information too. What's really neat about this is it has rebates and incentaves by car model.
DealerNet A Virtual Showroom -- Another Source for New Car Information.
ALLDATA Corporation -- The place to find Technical Service Bulletin and Recall Notice Information. This is a great resource to see what type of track record the existing cars have.
Kelly Blue Book-- Dealer cost information for new and used cars. This site a a worksheet that can calc the trade in value for your current car and what you might see that same car going for on the lot.
Car Wizard -- Financing information as well as lease software.
Car Center-- Lease deals, Just that Facts (TM) Auto Reports.
MSN Car Point-- Lease deals, Finance, Prices, Reviews and Used cars.
VEHIX-- Roadmap to the automotive world, research, find and buy.
Cars Direct-- Purchase your car online.
Cars .Com-- Search your local dealers online.
CarFax-- For a small fee you can do a history search for multiple cars. I've used it, it works.
Opinions expressed are entirely those of myself and are not be taken to represent views of my employers, past, present or future.
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