Need Help With Calculation...?
#1
RONSTER
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![Question](https://www.rx8club.com/images/icons/icon5.gif)
I WANT TO GIVE IN MY CIVIC $15.000.00 BUY A MAZDA RX-8 GT $36.000
60MONTHS 4.9% INTEREST RATE.WHAT KIND OF PAYMENTS WILL I BE MAKING +/-
60MONTHS 4.9% INTEREST RATE.WHAT KIND OF PAYMENTS WILL I BE MAKING +/-
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#6
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Also, don't forget about the taxes. I'm not sure what the rate is in Quebec, but in Ontario we're at 15% (ouch!) on the difference after trade. So, using your numbers, 36000 - 15000 = 21000 + 3150 (15%) = 24150. Over 60 months at 4.9% would be 454.63. For every $1000 financed it will be $18.83 per month.