Joined
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130 Posts
Hi guys 
I have been lurking on this forum for months actually, but I have never really posted anything before. But, I had a couple of questions that I was hoping you all could help me with.
I would love to purchase a Sky, but I don't really know what my monthly payments and insurance costs would be. I live in Missouri, I know that probably makes a difference with insurance at least.
I am still pretty young, but I would really like to have the car and I just want to see if I could make it happen. I used the build-a-sky feature on saturn.com and it said the MSRP for the Sky I wanted would be $24,735.00. I would probably put down about $5,000 for a down payment on it, so that leaves me just under $20,000 more to finance.
I would probably want to do a five year loan on it. I just don't know what kind of interest rate I would qualify for. I don't have a lot of credit history, all I really have is one Visa credit card that I have paid the balance off in full each month (I got it solely to build credit). The Sky would be my first big purchase. I am sure that I could get one of my parents to cosign with me if that would make a big difference, they have good credit but they are also currently making payments on a loaded 2006 Eclipse GT, so I'm sure the bank would take that into consideration, LOL.
So, basically, I am just asking if anyone could give me any sort of idea on what type of interest rate I am looking at (if I finance on my own and if I have a cosigner) and what my monthly payments would be. Thank you very much, and enjoy your Skys!
I have been lurking on this forum for months actually, but I have never really posted anything before. But, I had a couple of questions that I was hoping you all could help me with.
I would love to purchase a Sky, but I don't really know what my monthly payments and insurance costs would be. I live in Missouri, I know that probably makes a difference with insurance at least.
I am still pretty young, but I would really like to have the car and I just want to see if I could make it happen. I used the build-a-sky feature on saturn.com and it said the MSRP for the Sky I wanted would be $24,735.00. I would probably put down about $5,000 for a down payment on it, so that leaves me just under $20,000 more to finance.
I would probably want to do a five year loan on it. I just don't know what kind of interest rate I would qualify for. I don't have a lot of credit history, all I really have is one Visa credit card that I have paid the balance off in full each month (I got it solely to build credit). The Sky would be my first big purchase. I am sure that I could get one of my parents to cosign with me if that would make a big difference, they have good credit but they are also currently making payments on a loaded 2006 Eclipse GT, so I'm sure the bank would take that into consideration, LOL.
So, basically, I am just asking if anyone could give me any sort of idea on what type of interest rate I am looking at (if I finance on my own and if I have a cosigner) and what my monthly payments would be. Thank you very much, and enjoy your Skys!