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Thinking of new X5
Someone help me do the math as I'm trying to determine if I can afford to trade-in my 02 X5 for 05 MY. I still owe $15k over the next 3+ years on my current car (about $350/mo), and the one I priced out came to about $60k.
I have excellent credit so I figure I can qualify for one of the lowest rates available. I rather put nothing down other than trade (probably worth about $33k), but can probably swing a couple of thousands. I like to get a 5 year note.
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Quote: Someone help me do the math as I'm trying to determine if I can afford to trade-in my 02 X5 for 05 MY. I still owe $15k over the next 3+ years on my current car (about $350/mo), and the one I priced out came to about $60k.
I have excellent credit so I figure I can qualify for one of the lowest rates available. I rather put nothing down other than trade (probably worth about $33k), but can probably swing a couple of thousands. I like to get a 5 year note. | http://www.edmunds.com = realistic trade-in value -$1000 or $2000 from the price they list as used cars are worthless right now.
http://capitaloneautofinance.com/Pub...r/Default.aspx - loan calculator
If you can afford a 60k SUV (or in BMW marketingspeak "SAV") you should be able to do the math on your own payments.
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Thinking of new X5