monthly payment amount for a smart?

[Big Panda]

Originally Posted by Minnerva

I am thinking of buying the smart pure, but i wanted to know what are the usual monthly payment plans if any for one. want to make sure i can afford it.

Sorry if I'm repeating another post, but you can use the 'smartUSA' site and calculate your payments. Of course it depends on your credit score and term of your loan, but on average you can figure 6-8% APR and that will get you close.

[puppeto]

I must have gotten ripped off. I'm paying 10.5% APR on $14,500 through DCFS/MB Financial. My payment is $315/mo. I have a 09 Pure with AC, CD/Radio, and security system/lowjack added. I may look into refinancing for a lower rate.

When I signed the contract I was too giddy to get behind the wheel of my smart to really look into the long term cost of the car. Don't get burned just because it is a smart is no reason to let yourself get ripped off on the loan like I did.

Edit: My credit score is 700+ , so I'm not sure why I got such a high rate.

[BigWarpGuy]

I put $3000.00 as down payment. I financed for 60 months at 5.4 percent (or 4.5? - I don't remember). I pay $208.10 per month. I got financing from Chase Auto Finance via the dealer; Smart Center Edison.

I really enjoy my little car. I have been driving for 1 year plus 1 month.

[smartYsmileS]

Originally Posted by SubSlr88

I made one monthly payment of about $16,875 and 0% down, 0% interest.
Really cut into the savings account however!
But it's nice to be out from under any car payments, too.

~ LOL

[chieftmc]

Originally Posted by SubSlr88

I made one monthly payment of about $16,875 and 0% down, 0% interest.
Really cut into the savings account however!
But it's nice to be out from under any car payments, too.

I also went the ONE payment method

It's the best

Anything else is just opening a can of worms!

[Agent 99]

Originally Posted by puppeto

I must have gotten ripped off. I'm paying 10.5% APR on $14,500 through DCFS/MB Financial. ...........Edit: My credit score is 700+ , so I'm not sure why I got such a high rate.

Ouch!!!!

[LAMINI]

puppeto you can transfer the loan as a new car to another bank if it has under 3k miles. if not they'll take it a used car which means higher apr.

[SubSlr88]

I've belonged to a Federal Credit Union since I got out of the Navy - over forty years. Financed many cars thru them . . . usually in the spring (April - May) they have a 90 day special with lowered rates and the new car rate also applies to 1 and 2 year old used models. And they finance 100% plus - meaning that they'll cover any add-ons like tinted windows, etc. Really the best way to go. They have a pre-approved loan system where you just carry the note/draft around to the dealers. The dealers fill in the paperwork and submit the draft to the credit union for payment. Works great ~ I've used it for my last three cars, except the smart.
Good luck~!

OMG, Chief - that's your old girlfriend - Tammy Faye~! Or am I mistaken?

[fpage77]

I'm at 275 a month for 6 years and I got passion coupe with no options. I hope that could give you some idea that your payment.

[chieftmc]

Originally Posted by SubSlr88

.....OMG, Chief - that's your old girlfriend - Tammy Faye~! Or am I mistaken?

That's ME silly, I just came from the spa