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  1. Join Date
    May 2010
    Posts
    202
    #61
    Not sure if I am plain lucky or I just got my math wrong, but based on my calculations my PA interest rate is only 4.6% for four years on inhouse financing? SRP is 712k and total cash out will be 843k.

  2. Join Date
    Jul 2015
    Posts
    28
    #62
    Quote Originally Posted by keto View Post
    Not sure if I am plain lucky or I just got my math wrong, but based on my calculations my PA interest rate is only 4.6% for four years on inhouse financing? SRP is 712k and total cash out will be 843k.
    suddenly I got really interested in interests. haha.. magkano down payment sir? makikita kasi interest rate from SRP minus downpayment then calculating yung loanable amount.. minsan nagmumukhang maliit ang interest rate kung pagbabasihan ang srp to total cash out pero kung binawas na yung downpayment, malaki pala..

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    Quote Originally Posted by keto View Post
    Not sure if I am plain lucky or I just got my math wrong, but based on my calculations my PA interest rate is only 4.6% for four years on inhouse financing? SRP is 712k and total cash out will be 843k.
    suddenly I got really interested in interests. haha.. magkano down payment sir? makikita kasi interest rate from SRP minus downpayment then calculating yung loanable amount.. minsan nagmumukhang maliit ang interest rate kung pagbabasihan ang srp to total cash out pero kung binawas na yung downpayment, malaki pala..

  3. Join Date
    May 2010
    Posts
    202
    #63
    Quote Originally Posted by urefowei View Post
    suddenly I got really interested in interests. haha.. magkano down payment sir? makikita kasi interest rate from SRP minus downpayment then calculating yung loanable amount.. minsan nagmumukhang maliit ang interest rate kung pagbabasihan ang srp to total cash out pero kung binawas na yung downpayment, malaki pala..
    Downpayment was 49k. I get what you mean pero in my case kahit na naging malaki yung monthly, in the end parang mababa pa din yun "true" interest rate, which is what I am mostly concerned about

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    Quote Originally Posted by urefowei View Post
    suddenly I got really interested in interests. haha.. magkano down payment sir? makikita kasi interest rate from SRP minus downpayment then calculating yung loanable amount.. minsan nagmumukhang maliit ang interest rate kung pagbabasihan ang srp to total cash out pero kung binawas na yung downpayment, malaki pala..
    Downpayment was 49k. I get what you mean pero in my case kahit na naging malaki yung monthly, in the end parang mababa pa din yun "true" interest rate, which is what I am mostly concerned about

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Need advice, 1st time car and it will be financed.