This just in, as of today’s date the interest rate is 1.99% for a car from 2010-2016, (60 month).
That’s 17.52 per thousand financed
If we stick with the target max of 12,000 you’re looking a 210.24/mnth payment on the upper end. Not too shabby considering we plan on being conservative.
Oh, and just when you thought this post couldnt get more awesome, here’s a celebratory purple elephant.