Typical monthly payment for 300C

[Kenpo300C]

I have been checking loan quotes and checking prices. What do you guys pay a month for your C? How many months is your loan for?

Hope this isn't too personal I just want to get an idea if the dealer is trying to rip me off or if it is reasonable.

Thanks!

[leodogg24]

what`s the dealer telling you?? and are you trading in another car? any money down?

[Smitty33]

Your monthly will vary depending on many variables....

[kings11]

Focus on the 1. Price of the car, and 2. interest rate of the loan.

Add in the duration (5 years max IMHO), and you'll have your payment.

Never work from a payment backwards or they'll hose you!

Scott

[SRTech8]

07' SRT-8 ------ $804.00 at 7% interest rate

[bigjonsrt]

if your looking for a low payment you can leese

[bruno]

If you are not putting any money down and/or if you have a low valued trade-in, and if the loan is for more than 48 months, I would not touch it. You will be upside down before you even leave the lot.

It would help to have more info. as mentioned above.

bruno

[stealthsrt8]

Originally Posted by kings11

Focus on the 1. Price of the car, and 2. interest rate of the loan.

Add in the duration (5 years max IMHO), and you'll have your payment.

Never work from a payment backwards or they'll hose you!

Scott

Bingo!!!!!!

[Racinfan83]

Originally Posted by Kenpo300C

I have been checking loan quotes and checking prices. What do you guys pay a month for your C? How many months is your loan for?

Hope this isn't too personal I just want to get an idea if the dealer is trying to rip me off or if it is reasonable.

Thanks!

If you aren't in a big hurry, wait a couple or 3 months until the '08s get on the lots. We usually buy our new vehicles in Sep-Dec and get the new last-years models cuz the dealers want them off the lot to make room for the next model year and are willing to deal.
Look at newspaper ads and see what dealers are deducting off the sticker price to move these cars. When you find one offering 5-8k off the sticker in the ad - it will be for one stock# only just to get people there. And - of course - that car will have a "deal pending" on it so you can't get that special price, but they will have a more expensive one they will sell you....(Bear with me here) I have had good luck by taking an ad like this with me and looking at several lots to find just the vehicle I want - and then showing them the ad and asking if they will match the discount the other dealer is advertising. Many times they will match it - and you have the car you want at the price you want.
Get the cash price - and then work out the interest rate and the payment from there. DO NOT LET THEM WORK OFF OF THE PAYMENT - WHATEVER YOU DO! Make them negotiate the price of the car like you already have a check in hand or cash. My philosophy is that if they don't knock at least 5k off the sticker I'm not buying it. I have bought vehicles like this that they took 7-10k off the sticker. I also get my loans through a credit union I belong to - so the dealer is really out of the equation. They are out to screw you for all they can get - and I don't play that game anymore. Been there - Done that.
Hope this long winded post helps you out!!!!

[The Gunslinger]

In my opinion, I wouldn't go with the dealer for financing the car, you'd be better off getting a personal loan from your bank. That way, you can hand the dealer cash (huge bargaining chip), and any money you save can be repaid straight to the bank, which can nip your interest early on (most banks have an early repayment fee, but their policy doesn't cover paying over the repayment amount and having a debt of $1 for the last three months of the loan). Dealer finance will bend you over a log on most occasions with heavy interest rates, and because they're selling it to you on finance, you will have a hard time negotiating a price.

Talk to your local banks and see if they're willing to loan you the sticker amount of a 300C. Work out your repayments and interest, and consider that vs. a dealer finance.

As mentioned, if you aren't desperate to get an '08 model, you can tear the dealer to pieces in negotiations for an '07 (make frequent mention that the car has been sitting at the lot for an entire year now. Ask how often he's let the motor idle for 20mins or so to stop the engine siezing. 9 times out of 10 they'll uhm and ahh nervously)