Apr 2 2012, 11:18 PM
QUOTE(tony @ Mar 21 2012, 01:46 AM)
Hope sifus here can help my friend.
He plan to buy a 120k car. Loan tenures might drag to longest possible as pay slip "figures" is on the medium side only. Which options save him more money on interest ?
1) 20K down payment, loan 100K, early settlement after 1 year.
2) 100K down payment, loan 20K, early settlement after 1 year.
Please don't advise on keeping more money for investment etc as this 120K is extra cash in hand. And pay full in cash is a big no no too.
If i have 120K Cash... Invest it and get 240K in return...120K perhaps I can buy old DC5 or ver8.. He plan to buy a 120k car. Loan tenures might drag to longest possible as pay slip "figures" is on the medium side only. Which options save him more money on interest ?
1) 20K down payment, loan 100K, early settlement after 1 year.
2) 100K down payment, loan 20K, early settlement after 1 year.
Please don't advise on keeping more money for investment etc as this 120K is extra cash in hand. And pay full in cash is a big no no too.
But 240K i can buy Audi TT...
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