getting a car loan

you are a women? you are working? you dont have enough money to buy a car cash? but u need a car?
there you go, u just need to make a loan with bank, which means, the bank buy a car for you, then u pay them back. its just a fast way to get a car. No matter what, its always better to pay cash, alright!

counting the bank loan with the interests was a bit tricky, so, u need to know it so that nobody can tipu you.

1stly, u need to know that any loan with banks, come with interests/rate. If its an islamic bank, they also have it but its in an silamic way, where they estimate the car's price in 9 years(or 5 or 7) time, and let you pay with the price they estimated. so it will be more expensive, same with other banks which uses interests.(but islamic way = halal, no riba, no dosa)

The more years for loan u take, the higher the interest, and less amount of monthly payment u need to pay. of course, the less year the better. (fikir jauh ok)

EXAMPLE

question :

(ini semua adalah variables atau anu - yg boleh berubah2)
a viva costs RM40 500
downpayment : 21%
in 9 years time
RM2500 discount

how much should we pay monthly?

answer :

21% downpayment = RM6005.
21% x 40 500 = 8505
8505 - 2500 discount = 6005

so, we will be taking RM31 995 loan from bank.
40 500 - 8505(downpayment) = 31 995

9 years time loan will take 3.75% ineterest yearly
so, there will be RM1199.8 interest per year
and RM10 798 total out 9 years
31 995 x 3.75% = 1199.8
1199.8 x 9 = 10 798

the end car price estimated by bank, or the car price sold by bank is RM 42 793.
10 798 + 31 995 = 42 793

monthly payment will be RM396.23
42 797 divide by 9 years divide by 12 month = 396.23

Ok mari buat latihan lagi!

soalan :

persona : RM59 699
downpayment : 15%
in 5 years time (now, its 3.85% even for 5 years)