?Money Down To Have $150.mo Payments

Asked by Feb 03, 2018 at 12:22 AM about the 2017 Hyundai Sonata

Question type: Shopping & Pricing

How Much Money Do I Need To Put Down On A
Hyundai Sonata (whatever year) To Have A $150. A
Month Payment.

2 Answers

305,375

Figure a 2017 Sonata will run you around $23K, add tax and tags and fees to that. Then figure a 60month auto loan at 4.5%, you would need to put down $15K. to get to your $150 a month for 5 years. Here is a auto loan calculator you can play with the numbers...http://www.calculator.net/auto-loan-calculator.html

67,775

In my opinion financing a used car for longer than 36 months is foolish. The only exception being if the interest rate is zero.

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