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Often time's customers don't realize that a budget of $300 a month will not get them into a $30,000 car without a larger down payment or much better credit. To better help our customers understand what they can afford we've compiled this chart which will help you to stay within your budget.

The following monthly estimates are all based on 60 month financing to buy/own:

BAD CREDIT

23% INTEREST RATES

CREDIT SCORES BETWEEN

400 - 599

 

$5,000    =  $150.00 Monthly*

$10,000  =  $281.90 Monthly

$15,000  =  $422.86 Monthly

 

 

 * Bad credit bank CAC has a mandatory minimum monthly note of $150.00

 

*** With bad credit much larger down payments are required to go above $15,000 loans ****

 

GOOD CREDIT

5% INTEREST RATES

CREDIT SCORES BETWEEN

600- 700+

 

$5,000    =       $92.10 Monthly

$10,000  =     $188.66 Monthly

$15,000  =     $283.48 Monthly

$20,000  =     $377.42 Monthly

$30,000  =     $566.14 Monthly

$40,000  =     $754.85 Monthly

$50,000  =     $943.56 Monthly

$60,000  =  $1,132.27 Monthly

$70,000  =  $1,320.99 Monthly

$80,000  =  $1,509.70 Monthly

$90,000  =  $1,698.41 Monthly

$100k      =  $1,887.12 Monthly

 

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