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 After sell EV still owe bank lots of money

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deepan84
post Jun 18 2025, 11:21 AM

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From: OKR KL


QUOTE(knwong @ Jun 18 2025, 10:48 AM)
Pay cash better because your HP EIR will be double that
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how to calculate EIR
deepan84
post Jun 19 2025, 06:09 PM

White Rider
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Senior Member
2,200 posts

Joined: Mar 2006
From: OKR KL


QUOTE(yeapsc73 @ Jun 19 2025, 05:29 PM)
buying car with low interest rates for 9 years effectively equivalent to negative interest rates with inflation rates so high

the 2k installment u pay per month probably equivalent t0 1k in term of purchasing power 9 years later
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i think the recent tesla interest rate 0/0/48/0.88% promo is too good. take for 9 years and inflation itself will mean ur monthly payment value goes down, hence cheaper car.

 

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