CAR FINANCING  • Car financing rate=16%  • Down payment= 20%  • Finance tenure of up to 5 years.  • You can finance from R...
Car financing waheed
Upcoming SlideShare
Loading in …5
×

Car financing waheed

231 views
205 views

Published on

An idea about car financing

Published in: Education
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
231
On SlideShare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Car financing waheed

  1. 1. CAR FINANCING • Car financing rate=16% • Down payment= 20% • Finance tenure of up to 5 years. • You can finance from Rs. 150,000 to Rs. 1.5m depending upon your income. Term (years) Installment factor 3 0.03469 4 0.02797 5 0.02400 Example 1 Example 2Price of Car 500000 500000Financing Duration 5 years 3 yearsTOTAL NO OF TIME PERIODES 60 36Down Payment(%) 20% 20%Down Payment(Rs) 100000 100000Finance Amount 400000 400000Factor* 0.02400 0.03469Monthly Finance Installment 9600 13876Total amount given 576000 499536Total interest 176000 99536

×