
Originally Posted by
ronmayajoan
Mga boss i need your thoughts kung ok tong deal na binigay ni dealer sakin.
Thru Bank Purchase Order (honda city VX)
* Discount 20k
* Free LTO Registration
* Freebies - Tint, Seat cover, Car cover, picture frame, paint protection polish, umbrella, keychain, EWD, 1 set of tools, vanity plates, carpet type floor mats, plate cover
Si bank na kukunan ko ang offer is free chattel mortgage at ang interest rate nya in 5 years is 27.25 (eto yung quote nya sakin without discount pa)
Please correct me if im wrong. kung less 20k kay dealer the bank will compute base on 870k unit price right? then 27.25 ang interest nya in 5 years so the computation is this;
Unit Price x 20% downpayment = total downpayment (cash out)
870,000 x 20% = 174,000
Unit Price minus cash out (downpayment) = Amount to be financed
870,000 - 174,000 = 696,000
Amount to be financed X interest rate in 5 years = total amount of car in 5 years
696,000 X 1.2725 = 885,660
Total amount in 5 years / number of months (loan term) = monthly payment
885,660 / 60 = 14,761 (monthly payment)
Please pa advise sir kung tama ako or kung ok na yung deal na nakuha ko. thanks!