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Unread 06-15-2013, 06:28 AM   #1
zenman
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2013 JK Wrangler 
 
Join Date: Sep 2012
Location: Junction City, KS
Posts: 290
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?

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Unread 06-15-2013, 08:52 AM   #2
ncb
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Join Date: Mar 2009
Location: Your mom's house, Colorado
Posts: 4,680
Google search auto loan calculator. Makes it easy to figure that stuff out and get an accurate payment amount.
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Unread 06-15-2013, 01:44 PM   #3
zenman
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2013 JK Wrangler 
 
Join Date: Sep 2012
Location: Junction City, KS
Posts: 290
Those don't help when you have to factor in a loan payoff of current vehicle.
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New Jeep: 10th Anniversary Rubicon, Anvil with Red Leather seats

Old Jeep: 2012 JK Sahara Dozer
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Unread 06-15-2013, 06:25 PM   #4
mdm
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2000 TJ Wrangler 
 
Join Date: Apr 2005
Location: Elkmont, AL
Posts: 9,723
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.
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Unread 06-15-2013, 10:12 PM   #5
zenman
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2013 JK Wrangler 
 
Join Date: Sep 2012
Location: Junction City, KS
Posts: 290
Thanks!
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New Jeep: 10th Anniversary Rubicon, Anvil with Red Leather seats

Old Jeep: 2012 JK Sahara Dozer
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