i'm lookin at buying an 02 a4 1.8t 5spd. it has 41000 miles. trading in my 97 1.8t auto (129k miles). they're gonna give me 3 grand for the trade in. finance amount is $14,580. w/ my credit the payment will be 320/mo.

u guys think this is a good deal if i have average credit?

 

how long is the loan for? 4 years? 5 years? 6 years?

As an example, for that much financed for 60 months (5 years) and paying $320 a month, your apr is around 11.4% which is not bad for a fair credit rating and it being a used car. Prime rates for used cars is usually around 6.2% or higher for excellent credit. If you are part of a credit union, those rates drop to around the mid 5s.

 

its a 5yr loan, and yeah i think the rate is around 11.4%. so i guess it sounds right. it just seems a little more than i would expect for an a4 thats 4 years old. i'm still building credit, so my score is low due to lack of history. guess i just need to wait another year :\

thanks for the input!

 

I think you should be able to get more than 3 grand for that car... try selling it yourself, and throwing that cash to the car.

Here are some prices for your refernece. both 1.8ts base pakages..


[IMG]local://upfiles/6895/C0B5F9DD26134CBD91845D8B29C050B7.jpg[/IMG]

 

i work for a car dealership.... you could have gotten $4k for your car

 

sell your car private party and put down a bigger down payment

don't get robbed