QUOTE(sootienann @ Jul 26 2015, 10:24 PM)
lets do a simple calculation. i take a 100k hire purchase loan at 2.5% interest. after 5 years i would have paid total
112500.
if i instead put the 100k in FD at 4% per annum, after 5 years i would have
120000 (assuming i take out the interest every year).
u still havent tell us why u think 2.5% per annum is more than 4% per annum.
i have found that business sense is rarer than you would expect. do u think 2.5% per annum is more than 4% per annum . ?
i have found that common sense is rarer than you would expect. u still havent tell us why u think 2.5% per annum is more than 4% per annum.
when you see so many disagree with you, you should be smart enuff to know you are wrong. Supersound eavesdropping there?
but the way, you retorted "..i have found that business sense is rarer than you would expect...............i have found that common sense is rarer than you would expect.......", you sounded like u are very clever.
QUOTE(j.passing.by @ Jul 26 2015, 11:34 PM)
If the answer is that simple, then we can conduct a poll and follow the most popular choice.
Of course there are many reasons why people who are cash rich, still take car loan.
But that was not the answer people are looking for when they come ask whether they should keep own cash
and take car loan that seems cheap , appears lower than FD rate!
They want us to assure them yes, they can make some money out of that car loan.
To them the answer should be a resounding NO.
If they can make money out of it, they wouldn't be asking that Q here in the first place.
just see what @sootienann thinks.
Jul 17 2015, 03:58 PM
Quote
0.0203sec
0.39
7 queries
GZIP Disabled