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 Car loan settlement

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gastacopz
post Jul 27 2009, 04:25 PM

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so meaning..no point to pay full settlement for car HP since there is no rebate wif d interest isnt it?

mine is 9 years wif 4.3% interest.... sweat.gif
gastacopz
post Jul 27 2009, 09:54 PM

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QUOTE(aeiou228 @ Jul 27 2009, 05:19 PM)
Your effective rate is 7.59% p.a.  sweat.gif  If your HP loan is still new and you have more than enough cash sitting lazily in FD at 2.5%, by transferring the funds from FD to HP. you make your money work 3 times harder.
*
erkkk..kinda confuse laaa wif ur statement...coz im not familiar wif finace terms..mind xplaining in simple english??? notworthy.gif notworthy.gif notworthy.gif

my cars is 3 years old already....so another 6years to go...

 

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