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Smart Car in Canada, approx lease or loan payments on the 14 grand model.?

just the normal SmartCar in Canada. Any approx lease payment per month that i can think about?

Public Comments

  1. This all depends on the loan term, interest rate, credit rating, amount placed down on the car and do not forget to include taxes, etc. Example (Simple amortization): $14,000 dollar car financed for 5 years (60 months) @ an interest rate of 6.5% with NO money down would equal $273.93 per month. Total Interest Charges Paid: $2,435.66 over the 5 year loan making the car $16,435.66 vs. 3 year loan (same terms as above): $429.09 per month. Cumulative Interest paid: $1,447.10 +$14,000.00 $15,447.10 total as opposed to $16,436.00 For every thousand dollars you place down on a 60 month loan you save anywhere from $17.00 to $21.00 per month depending upon your interest rate. Keep in mind the longer you have the car loan out, the less equity you gain in the car over time vs. interest charges. You're payments will be cheaper the longer term a loan is, but you'll be spending more money in finance charges.
  2. $270-$300 with $0 down on a 48 month term. Payments differ depending on which province you live in. You will get a $2000 rebate from Transport Canada if you get this car.
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