Is this an average price for a 2024 Toyota Camry XSE? I think dealership APR rate is definitely too high and will look into financing though a credit union for sure.

  • bLu_18@alien.topB
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    1 year ago

    It’s basic math: do the price divided by the number of payments. Then, take that number, multiply it by the interest rate, and add a little on top of that to compensate for the compounding effect.

    40k for 60 months is $666/month, which would be at 0% interest. At about 10% interest, that’s at least $733. So yes, those numbers are correct.