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-   -   Figuring Out Jeep Note (http://www.jeepforum.com/forum/f176/figuring-out-jeep-note-1536727/)

zenman 06-15-2013 05:28 AM

Figuring Out Jeep Note
 
I'm too right brained to be good at math. Is there a formula to figure out what your potential new Jeep note would be figuring in payoff note on current loan?

ncb 06-15-2013 07:52 AM

Google search auto loan calculator. Makes it easy to figure that stuff out and get an accurate payment amount.

zenman 06-15-2013 12:44 PM

Those don't help when you have to factor in a loan payoff of current vehicle.

mdm 06-15-2013 05:25 PM

Cost of new vehicle
- Trade in value of current vehicle
+ Payoff on current loan
+ Any taxes, dealer fees, ... that will be added to loan
= Amount of loan for new vehicle

Example:
$25,000 = cost of new vehicle
$4,000 = value of current vehicle
$2,000 = current loan payoff
$2450 = taxes & fees

25000 - 4000 + 2000 + 2450 = 25,450 = amount of new loan.

Better yet, pay off the current loan and save your money until you can afford to buy your new ride without needing a new loan.

zenman 06-15-2013 09:12 PM

Thanks!


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