Repayments +- on a car

[theStudent]

Hi,

Just curious....

How would you work out monthly repayments on a car?

Here is an example:

Purchase a R200k car with a R50k deposit, and want to pay it off over 5 years?

What are the monthly and overall costs until you own the car?

(I'm looking out for a demo model of a Civic vTec at years end! Hence need to work out +- costs now! (aware of interest rate changes)

 

[Turbo_Aspiration]

Hi,

Just curious....

How would you work out monthly repayments on a car?

Here is an example:

Purchase a R200k car with a R50k deposit, and want to pay it off over 5 years?

What are the monthly and overall costs until you own the car?

(I'm looking out for a demo model of a Civic vTec at years end! Hence need to work out +- costs now! (aware of interest rate changes)

http://www.standardbank.co.za/SBIC/Frontdoor_06_01/0,2378,7264092_7270684_0,00.html

 

[theStudent]

Thanks

That was useful!

And disturbing what interest on my example above would be!

R61,800 interest overall!

 

[ToxicBunny]

R61800 interest only? thats actually not too bad really.....

 

[CALL_ME]

With that interest amount you could buy your own 1998 vtec paid up which is still a nice looking car