Bourbon powered V8
Join Date: Sep 2002
Location: Canberra, Australia.
Re: New car loan
I hope you are sitting down.
I got the price of the BA XR8 with NO extras from the Ford site - $50,130.
Borrowing that amount from a bank using a personal loan at 11.80% over 5 years works out at:
$1110.06 per month for a total repayment of $66603.60
Using a Variable rate supplementary home loan at 6.57% works out at:
5 years = $982.50 per month for a total of $58,950.00
7 years = $746.11 per month for a total of $62,673.24
Using a Fixed rate supplementary home loan at 7.70% over 10 years is
$600.30 per month for a total of $72036.00
AU1 XR8 Auto 147.9 rwkw (approx 215 fwkw)
AU2 Wagon HAD Auto
17s, Pacemakers, 3" Intake & Pod filter (The Family Hack)
FPV-XR Club ACT