Quote:
Originally Posted by Johnny Danger
Hmm.. they're offering 1.9% financing for 60 years.
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This got me thinking... what would the monthly payment be, what would the final amt spent be?
So I ran the numbers through my handy SAS pgm - $2.6M at 1.9% for 720 mo...
monthly payment - $6054.88
last payment - Mar 2074
total spent - $4,359,511.83
If you used this financing to keep the car for a 10 yr investment, you'd spend $708,421. You'd still owe $2.4M at that point.
Just crunchin the numbers...