What's your payment?

esjones · Post by **esjones** » Thu Sep 23, 2004 10:35 am

I have been shocked at some of the payments that people have reported here for their Vibe. It would get too complex to put up a poll that included term of loan, interest rate, amount of down payment, etc., but I think it would be interesting just to see how much we pay each month to the bank, credit union, GMAC, etc. I'm in the US, so I am thinking US Dollars. How is financing in Canada?

millster · Post by **millster** » Thu Sep 23, 2004 10:41 am

Sadly, $520 for me. Made an error in judgement. What can I say, some people have to learn things the hard way.

AKLGT · Post by **AKLGT** » Thu Sep 23, 2004 11:13 am

ya, wonder what the cdn equivalent is? if you paid like $550 cdn/mo is that about the same as $350 usd?

millster · Post by **millster** » Thu Sep 23, 2004 11:18 am

$550 Canadian is $460 US.My payment is $665 Canadian.

Mavrik · Post by **Mavrik** » Thu Sep 23, 2004 11:29 am

my payment is $445 a month CAD with it being taken out twice a month so its like really $222.5oh and I am with GMAC

AKLGT · Post by **AKLGT** » Thu Sep 23, 2004 12:11 pm

i went w/ no money down and 1.9% @ 72 months. paid full price unfortunately for the vibe, but oh well! $324/mo, $100/mo insurance... my tundra was $450/mo on a 60 mo lease w/ $14,400 buy out at the end, insurance was $150/mo! and gas expenses??? oh i won't even go into that!

Jahntassa · Post by **Jahntassa** » Thu Sep 23, 2004 12:17 pm

$373 a month with $1,500 down, 0% for 60 Months. Recent graduate discount, 24 Hr test-drive discount. I think it was 22,700 after all was said and done.Insurance right now is $152 a month with Geico. But since I recently married, i'm gonna see if I can afford to go back to Allstate.

AKLGT · Post by **AKLGT** » Thu Sep 23, 2004 12:21 pm

i don't pay any taxes here too.. so i paid $22K for mine, did have a $400 college grad certificate to pay for the dealer/doc fees. and added $600 gap insurance waiver.

Vibe_dude · Post by **Vibe_dude** » Thu Sep 23, 2004 12:57 pm

2 words "buy used".lol these are great cars that will last a long time.........so buying a used one is just fine........i got a 2003 base with power and 16' alumium wheels used with 69,000 kms on it for $16,300 cdn......it was a $25,500 car new....i looked it up....so i still have power train warrenty and got the car i wanted for alot less...bought it over 5 years thur TD bank

AKLGT · Post by **AKLGT** » Thu Sep 23, 2004 1:04 pm

well i have never had any luck w/ a used car! they are great provided you keep them for a long time or you don't need to worry about warranty/repairs. since my job requires me to have a vehicle and drive a lot, i like having a bumper to bumper warranty. but that may change in the somewhat near future.... (and no, not getting rid of the vibe!)

wicked1981 · Post by **wicked1981** » Thu Sep 23, 2004 2:59 pm

Quote, originally posted by millster »Sadly, $520 for me. Made an error in judgement. What can I say, some people have to learn things the hard way. Same here but mine was due to trade in (upside down).

ArcsVibe · Post by **ArcsVibe** » Thu Sep 23, 2004 10:06 pm

I pay 355.17$ CDN a month at 0% financing for 60 months with GMAC14 months paid off already.....

AKLGT · Post by **AKLGT** » Thu Sep 23, 2004 10:36 pm

hey is tha with or without a down payment? you guys w/ the $399 and under cdn pmts?

Pablo1669 · Post by **Pablo1669** » Thu Sep 23, 2004 11:28 pm

Zero down, 0% interest... I pay 333 and change on a fully loaded GT

ToolGuy · Post by **ToolGuy** » Thu Sep 23, 2004 11:32 pm

0 down, GM discount, GM card points, % I forget, $500 Competitor conquest cash, financed for 5 years... $306

Reynoma · Post by **Reynoma** » Thu Sep 23, 2004 11:36 pm

I don't think I got the best deal in the world, but more importantly, I got the car I wanted. Please note: no money down AND I rolled about $1,800 from my trade-in's loan.$416 per month for 60 months, 0% interest.

ArcsVibe · Post by **ArcsVibe** » Fri Sep 24, 2004 12:49 am

Hey Hope!I put down 3500$ plus GM knocked off another 1000$ off the (employee discounted ) price.

Sub-Vibe-R · Post by **Sub-Vibe-R** » Fri Sep 24, 2004 1:12 am

I'm paying $460cad per month, around $360USD, and I put 3000$ down on delivering.

Atomb · Post by **Atomb** » Fri Sep 24, 2004 1:47 am

after negotiating/etc. i found out that there was no mark up on the vibe if you chose the 0% financing...so why should I give them my money if i can borrow there's with no interest? so we calculated what i needed to put down so that my monthly payments fit my budget.I then took all that money that i was going to use to buy the car outright and invested it (not in stocks!).it was nice to get all the negotiating out of the way first and then decide to use the 0%.

SCTM · Post by **SCTM** » Fri Sep 24, 2004 1:50 am

Paying only $197.55cdn/month 0%financing / 4yrs Down $10k + Gm/visa earning + Ring&Win $2k

ArcsVibe · Post by **ArcsVibe** » Fri Sep 24, 2004 2:07 am

WoW! That's great!

MrRich · Post by **MrRich** » Fri Sep 24, 2004 4:15 am

48 Months lease.5.9% interest (2002)saved tax on $9000(trade in)Payment is $362CAD (around $280US)Insurance is $100CAD (around $75US)I think it's not too bad.Interest is a little high,but you know,first year production.I'm happy with my payment.

JohnC · Post by **JohnC** » Sun Sep 26, 2004 8:24 am

No matter how much you pay for a car, you get the your most money worth out of it by keeping it as long as it is dependable. I usually keep em a couple years past that. Here are some of my best investments in transportation.52 Ford pickup---learned to drive in it and kept it for 22 years82 Olds Cutlas Cieara w/Mitsubishi V6 diesel engine 8yrs/ 468k miles82 Nissan 280ZX (wifes) 70k miles when we got it used, put on another 340k miles95 Dodge Neon 8yrs/ 320k miles. Still had original brake pads (hiway driving). It would still be running if I hadn't neglected replacing the waterpump last timing belt change. WP bearing failed, thru the timing belt off, valves hit pistons...car totaled. Cost more to fix than it was worth.Just pay off your ride then keep making payments for your next car, then you pay cash!

Savageone79 · Post by **Savageone79** » Sun Sep 26, 2004 1:56 pm

Mine is $260/month for 72mo . I got a pretty fully loaded 2005 and am picking it up this week! I got all the rebates plus $1500 gm credit card points and $1000 down. Not to bad for such a great car!

jake75 · Post by **jake75** » Mon Sep 27, 2004 2:05 am

MrRich - can you also see the color of my eyes? Sincerely,68.164.106.71@ covad.net running Windows XP and IE 6.1[Really - that's pretty cool! Probably scares the bejezus out of many.]

Stang2Vibe · Post by **Stang2Vibe** » Wed Oct 06, 2004 3:11 pm

My '03 Vibe GT stickered at just barely over $22K. Purchased September of 2003.$7500 down, 0% interest for 60 months with GMAC, $260.75 per month. Already paid 23 months plus a little extra (intentionally overpaid a few months). My payoff should be right around $9500 now, so if I traded it in today, I should have a little bit of equity in it. I'd like to pay it off and start saving for a new Mazda RX-8. I like JohnC's advice, I might have to try that so that the payments on the RX-8 would be very low because I'd have enough money to make a big down payment.

Reynoma · Post by **Reynoma** » Wed Oct 06, 2004 10:30 pm

Quote, originally posted by Stang2Vibe »Already paid 23 months plus a little extra (intentionally overpaid a few months).Stang - may I ask a question. (well, I'm going to anyway).Why would you pay off a 0% loan early? Or make extra payments? In the end, you are only losing money. Take the extra payments and put it in a savings account. Let it sit there and at least collect modest interest (2%). By paying early, you are not saving any money.

thelovevibe · Post by **thelovevibe** » Mon Oct 11, 2004 3:55 am

okay, Theo is brilliant and came in with a spreadsheet with the dealers cost. I think it works out something like this:New 2004 Vibe with extended 7 year warranty and another insurance protection plan (can't remember name)$1000 down and they gave another $1000 rebate -- applied to car.0% financing for 72 months20,373.00, 72 months, 283.00 per month, GMAC financing.AAA insurance for me is 1300 per year.

cibomatto · Post by **cibomatto** » Thu Oct 14, 2004 9:18 am

I put 2000 DownI pay 290 Monthly for 60 months.. 0%Protections is 5 years or 75000 milesInsurance 87 Monthly.. 2 cars 2 drivers full coverage with some bells and whistles (Towing, Lockout ectect)

Stang2Vibe · Post by **Stang2Vibe** » Fri Oct 15, 2004 6:57 am

Quote, originally posted by Reynoma »Why would you pay off a 0% loan early? Or make extra payments? In the end, you are only losing money. Take the extra payments and put it in a savings account. Let it sit there and at least collect modest interest (2%). By paying early, you are not saving any money.Certainly a valid question. I just want to pay it off sooner so I won't have the payments anymore. I fully understand the economic disadvantage, but it would be a relatively small loss overall. I'm not that far ahead on my payments anyway, maybe about one full payment.Besides, best interest rate at my bank for a savings account is only 0.5% right now. Not even worth bothering with. Also, the more money I have in bank accounts, the less I qualify to borrow in student loans and grants. They count 50% of your personal income and savings against you for student loans, which is stupid. A college student gets the message that they benefit more if they spend all their money and get punished economically for saving it. This is really backwards, but what the hell--they counted 15% of my stepdad's retirement savings against me too, even though I have no claim to that money whatsoever, never will, and didn't even know the man during the time that he saved up about 97% of that retirement fund.So for me, I actually forfeit more money by saving it up than I do by paying ahead on the car. Having a car payment as a college student is kind of like having a savings account that they don't count against your financial aid. I put money into paying off the car, which increases my equity in it and there will be some value in it still after a few years which I can get out of it by selling it or trading it in, plus all the while I have the use of a newer car. If I put it in a savings account, then they take it from me by denying me loans/grants.

AzFusionGT · Post by **AzFusionGT** » Sun Oct 17, 2004 7:32 am

I was able to get a large rebate, as well as the family discount because my Dad works at the dealer (Pontiac/GMC). I pay $250/month.

matty77 · Post by **matty77** » Sun Oct 17, 2004 8:01 am

345$ a month here, that is with extended warranty and they ate 2000 from the car we traded in......got a good deal as well and my old man also works at GM so got that discount

160265=5703-Dorset2004061.jpg

5lbsofswisscheese · Post by **5lbsofswisscheese** » Tue Oct 19, 2004 11:23 am

$20497.73: GMS price$1156.11: Tax$1100.00: HUGE 7 year service contract-$2000.00: rebates (I didn't score big there like some o' y'all)-$2000.00: down payment$1659.26: "Other Charges"--------------$20413.1060 pmts @ 3.84% APR$374.45/moI didn't do great, but it could have been a lot worse. At least the interest rate was much better than the smartbuy on my '03 Vibe. That interest rate sucked balls. I come out about even on overall payments wether I kept the last one or bought this one, so I got a new one. The lack of a GM loyalty rebate, which I got on my last two vehicles, kind of annoyed me, however.One other extra I did pay for, which is included in "other charges" is GAP insurance. If you ever had a car messed up by an idiot, where you were an idiot for letting them drive it, then you know it's a blessing to be able to "walk away" from the wreckage without having to keep paying for a car you can't drive. I know at least one other person on this message board has shared this particular "learning experience."

Reynoma · Post by **Reynoma** » Fri Nov 12, 2004 12:33 am

Here is a graph done by USA today about the size of car payments:

165213=5871-capt.2004-11-12-carpay

jonathonbarton · Post by **jonathonbarton** » Fri Nov 12, 2004 1:55 am

'03 Vibe GT, 16k miles, $12995 on the sticker ($1500 under bluebook due to very light hail damage on 2 fenders). Crappy credit = 20.65% interest. *OUCH* = $403 payment for 66 months, with an option to refinance in 6-8 months.

AKLGT · Post by **AKLGT** » Fri Nov 12, 2004 4:47 am

20.65% interest??? you gotta be rubbing your (removed) from that one! ugh!you could even do one of those credit card balance transfer offers for a lower rate! good luck on the refinance. hopefully they allow you to do that since most banks will only let you refinance up to 80% of the retail value of a car if you have 20% down payment. good luck!

jonathonbarton · Post by **jonathonbarton** » Fri Nov 12, 2004 8:09 am

Yeah...The sales guy called this morning with a song and dance about needing to drop Gap Insurance and needing another $500-700 down within 30 days.If he and I can't see eye to eye on this one, I think I'm about to be the shortest-lived Vibe Owner.2 business days.

Celtic_Curse · Post by **Celtic_Curse** » Fri Nov 12, 2004 11:57 am

$329.00 for 48 months.

jonathonbarton · Post by **jonathonbarton** » Sat Nov 13, 2004 4:08 am

Good news(ish)Just got off the phone with the Idjit Salesman...for the nth time today..."We need another $700 down, or we'll need to put you in another car.""What does that mean, exactly.""You'll need to bring us another check for $700 that we can hold for up to 30 days, or I'll have to put you in another car.""What does *that* mean, exactly.""I'm not understanding you.""That's because I'm not understanding *you*. What exactly does 'I'll have to put you in another car' mean. What are you *really* trying to say?""It means I'll have to take your car back and put you in another one.""Meaning that *you* screwed up, and if I don't have an additional $700, then I bring the car back and take the bus home this afternoon, clean up my credit over the next 6 months, and then take my business elsewhere, right?"*silence*"Tobias, you're calling me to tell me that *YOU* screwed up and oversold the loan, right?""Yeah""...and now you need more money from *me*? How's that work again? Remember the discussion we had about how every dollar I give you is a buck sixty five I save in the long run? If I *had* it to give you, A) you'd already have it, B) I'd have put $1700 down on that $9000 Volkswagen Beetle, and be done that much sooner. What's my other option, bring the car back, right? If I do that because *you* blew it, I'm leaving on foot.""Let me talk to the banks."an hour goes by."Well, this is what I can do. You'll need to come down on Monday to re-sign the paperwork, and I have to remove the gap insurance from the loan, but I could do $1000 down, and your payments will be $370.97.""Meaning you don't actually need any more money from me.""No, sir""And why's that, exactly?""The banks are lowering their fees."Uh...yeah, whatever, dude. You blew it, and you're not boning me as hard as you were...I feel *so* bad for you...but there's more silver lining... I'm not at the 20.65% interest rate I thought I was at...I'm at 17.65%...Still *outlandishly* high, but not as bad as I'd originally thought it would be.And I won't actually be the shortest lived Vibe Owner, the way I thought previously...And I get to go autocross the Vibe tomorrow...And I get to plug my laptop into the car while I'm there, so I can download pictures I take to it as I take them, without worrying about battery life and whatnot.Life is good.

ColonelPanic · Post by **ColonelPanic** » Sun Nov 14, 2004 9:04 pm

My payment... $389/72 months. Traded in a '98 Malibu, got a whopping $3250 and still owed $8K on it, put $2K down and received $2K in rebates... Didn't qualify for GM's nifty 0%/72 month financing unless I had a co-signer. I was 25 and with little credit (not bad credit, just not much credit) and I certainly didn't want the folks to have to cosign for a car at my age! So I just took the best I could get, which was around 9% or so. Sometimes you just gotta do what you gotta do!

dsegundo · Post by **dsegundo** » Mon Nov 22, 2004 11:59 pm

right now I've got 0% but my car is in mine and my ex's name so I've got to get it out and I think I'm going to get RAPED on that one...me not happy. paying 323.30 now

MikeReilly · Post by **MikeReilly** » Fri Dec 03, 2004 4:34 am

I financed the whole thing - just payed my mortgage off on my house and need something to keep me from spending my money on foolish things like more computers and vacations or something. My base vibe (salsa) with ABS and side air bags came in at 22,000 CDN and after a couple of dealer options, federal and provincial taxes, 1500 in GM Visa money, $1000 down, and $500 in a promotion, my payments are around $650/month for 36 months.All I have to say is after my first day in my new car it seems damned cheap for the fun I'm having

Kevy Kev · Post by **Kevy Kev** » Thu Dec 30, 2004 1:22 am

6K down, GMS Discount, 1K rebate, 0% for 60 months, 252/m.

rAERRK · Post by **rAERRK** » Thu Dec 30, 2004 5:27 am

$0 down, 4% apr, $380 for 72 months.

dante · Post by **dante** » Thu Dec 30, 2004 7:54 am

I paid cash for mine

rAERRK · Post by **rAERRK** » Thu Dec 30, 2004 9:04 am

Shot caller

syclnjr · Post by **syclnjr** » Sat Jan 01, 2005 11:33 am

420 and some change for me with 500 down for 60 months. I traded in my Jeep Grand cherokee that they gave me 3000 dollars for I owed 8000 on it and I walkded out the door at 3.9% and total with taxes and all that b.s with it eating up what I owed on the Jeep was 20,436. I didn't think that it was a bad deal. I got rid of 13 miles a gallon, insurance is the same on the Vibe as the Jeep and the payment came out to be exactly the same. Later

mpgman · Post by **mpgman** » Tue Feb 01, 2005 12:51 am

I just got a sweet deal on a new leftover 2004. I was looking for used but came across this and picked up the day before Xmas. 2004 Vibe GT, Abyss monotone, moon and tunes, 17" wheels, side airbags. List price was $23,350. I got $4000 in rebates (certificate, conquest and vibe rebates) and $3750 off the price of the car. I paid $15,600 plus tax and financed the whole amount on Lending tree for 4.35% - $360/monthI just sold my old car outright and used some of the cash to pay for extra steel wheels which I just mounted Nokian Hakkapelitta snow tires too. Now I'm thinking of a cold air intake.

179485=6284-vibe.bmp

tnpartsguy · Post by **tnpartsguy** » Tue Feb 01, 2005 1:42 am

$216/mo 48 Months. Includes 3yr/36k GM Major Guard, and GAP insurance. 5% interest.

tecton · Post by **tecton** » Tue Feb 01, 2005 7:39 am

i feel bad for you guys192$ a month for 48 months

What's your payment?

What's your payment?

Re: What's your payment (II)? (esjones)

Re: What's your payment (millster)

Re: What's your payment (trdvibe)

Re: What's your payment (millster)

Re: What's your payment (Mavrik)

Re: (Jahntassa)

Re: (Vibe_dude)

Re: What's your payment (millster)

Re: What's your payment (Salsa!)

Re: (Salsa!)

Re: (Pablo1669)

Re: (Salsa!)

Re: (trdvibe)

Re: (ArcsVibe)

Re: (Sub-Vibe-R)

Re: (SCTM)

Re: (ArcsVibe)

Re: What's your payment? (esjones)

Re: What's your payment? (JohnC)

Re: (MrRich)

Re: (Stang2Vibe)

Re: What's your payment? (esjones)

Re: (Reynoma)

Re: What's your payment? (esjones)

Re: What's your payment? (esjones)

Re: (5lbsofswisscheese)

Re: (trdvibe)

Re: What's your payment? (esjones)

Re: What's your payment? (dante)

Re: What's your payment? (esjones)