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ElmendiolaElmendiola Member Posts: 17
edited May 2019 in Chevrolet
If dealer has blazer with MSRP $47865 giving me $5896 in incentives/discount. 54% residual for 36 months with money factor at 0.001625. I have a negative $3000 equity on my trade in. What is my monthly payment?
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  • MichaellMichaell Moderator Posts: 247,600

    If dealer has blazer with MSRP $47865 giving me $5896 in incentives/discount. 54% residual for 36 months with money factor at 0.001625. I have a negative $3000 equity on my trade in. What is my monthly payment?

    A lot.

    Using a cap cost of $44,969 with your MF and residual (what bank is the dealer using?) I calculate a payment of $647/mo.

    That assumes that all taxes and fees are paid up front.

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