There is no facelift. Its a totally new model and it looks like crap. Even Honda President admitted its crap.

Rate about ~2.8 now.....

So whoever say "use cash pay more upfront (or entire car) to save interest" should be SHOT and then chopped into pieces.

in this scenario looks like u haf 50k in hand, for a a car that cost 100K.

case 1 better. case 2 is obviously the lousier option, coz ur 2.8% car loan interest is on the basis of 100K. ur FD 3% interest is base on 50k. plus u'll nid to withdraw to service the loan, so ur 50k is getting lesser along the way.

i wud put lesser down payment, n do something else with the money. if make money, then do early settlement. admin charges not a lot....

You don't need a math or calculator, already known case 1 will have better saving.

Car term loan works like this.
if you loan 100k, at interest rate 2.8% 5 years, they use 100K x 2.8% x 5 years then divided into 60 months as your month payment.

And this 2.8% is not an effective interest rate.
When you pay monthly payment time, your loan amount already gone down, but the interest rate is still counted using the original 100k (flat across in the first place), so the further future payment on interest charge is actually way more expensive than the first one.

For eg. if using FD method to count, when you loan left 20k, it should be 20k x 2.8% (if 2.8% is real interest rate), but we know term loan calculation doesn't work like that.

FD is more versatile, but you need it to pay down the month car payment.
Yes, in term of emergence use, it is good, more liquidity, however, this unrelated to saving part of story, but more a cash management issue.

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Added on January 28, 2012, 6:09 pm(simple illustration for understanding, and it is not correct, as it need monthly payment reduction on principal to have the accurate figure)
100k x 2.8% = 2.8k interest is paid every year with 5 year loan.

1st year, loan 100k, pay 2.8k interest = 2.8% effective interest rate
2nd year, loan left 80k, still pay 2.8k = it is no longer a 2.8%, but 3.5% already
3rd year, loan left 60k, still pay 2.8k = 4.6%
4th year, loan left 40k. still pay 2.8k = 7%.

The FD 3% only save you tiny bit in the first years, but losing big and bigger as the year progress.

You fail to take into account the savings per month when invested in FD for the person who paid in full.
The amount he saves annually from car payments and placed into FD will definitely nett him more $$$.
An amount of 11400 saved from monthly payments for 1 year and placed into FD with compounded 3% would already give him 1800 nett at the end of 5 years.

Wheres the 7963.70 from your example needs to deduct the 7K interest, so only giving 963.7 nett after 5 years.

fresh new SA estimations:

http://www.mudah.my/5th+Generation+Hyundai...MD-13609191.htm

http://www.mudah.my/Hyundai+Elantra+1+6AT+...ew-13606366.htm

sd busy taking out all this...

www.hyundaiusa.com/images/home/breakthrough/elantra/2012_Elantra_06_Safety.jpg

winning what?

when a distributor sell things direct and he have dealer, he will always said there is no different.. coz he dowan to.offend the dealer network....  but than that is only "said"... in actual, u gonna judge urself...

I think is the same reason why they can't let u touch inside...  Coz some of the accessories maybe strip .. Can't finalize yet...

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Added on February 28, 2012, 11:43 pm
Let me try a bit harder for u...  Mr. A is importing goods to sell in here...  A selling the goods direct to end user and also selling to his dealer network...  Say dealer b1, b2, b3, b4 etc.... 

So b1,2,3,4 r getting goods from Mr.A..  Who r the distributor... 

Since mr.A also selling direct to end user, mr.A cannot sell @ the price similar to dealer b1,2,3,4... 

E.g.mr.  A sell item X to dealer b1,2,3,4 @ rm0.80, he cannot sell to end user @rm0.80 too... Because dealer b1,2,3,4 also doing business...  Doing business mean profit require...  If mr.A sell to end user @ rm0.80, no dealer wanna sell item X for him.... 

So to protect the interest of dealer, Mr.A must promise his dealer he won't sell the item X to end user @ rm0.80....  But will promise them maybe sell @ at least rm1.00....  If mr.A can only sell at rm1,  dealer b1,2,3,4 etc also can sell @ rm1.. So dealer will have profit...  Everybody happy... 

So, ethic of business...  Mr.A must keep his promise to his dealer he cannot offer something better than his dealer to end user... 

But theoretically is that way, BUT he is an importer, he have all the control...  Will he have advantage for end user or not, is heavily depend on how high the ethic of him as a distributor.. ..

Hope u understand ....