Topic: Mazda 3 finance rates are down! HELP ...

[Shol]

I didnt buy yet and noticed the finance rates are down from 5.9 to 0.0 on 24 month, 1.9 on 36, 2.9 on 48, and 3.9 on  60 which is great

Just wondering if finance 20k, does that mean I pay 3.9 on 20k per year, on the balance or on the whole price of the car. What is the total amount i would pay extra cuz of the 3.9 i swhat im asking thanks

[Shnak]

Only on what you finance. It'll be 3.9% of what you have remaining to pay. That is a yearly rate, of course.

[Shol]

So now to figure out if id save a lot by going 2.9 and 48 months, as opposed to 3.9 and 60....and how much the difference in my mp would be and if it would be cool hehe. thanks

[Shnak]

48 months @ 2.9%, it comes to $441.81/mo, total of $1206.88 of interests

60 months @ 3.9%, it comes to $367.43/mo, total of $2045.80 of interests.

Your call!

Of course, that's if you pay your minimum payment every month and never put additional money towards your loan.