full loan
first must pay 10% of the car price (*let say rm58k)
so hav to pay rm5,800 for down payment...
rm58,000 - rm5,800 = rm52,200
rate 3.88% for loan 1 till 7 years
rate 3.99% for loan 8 till 9 years
let say wanna loan for 7 years
rm52,200 x 3.88% = rm2,025.36 (*interest charged per year)
rm2,025.36 x 7 years = rm14,177.52 (*total interest charged for 7 years)
rm52,200 + rm14,177.52 = rm66,377.52 (*the remain amount after the 10% down payment + total interest = total amount that u need to pay for your new car)
rm66,377.52 / 7 years = rm9,482.50 (*per year)
rm9,482.50 / 12 months = rm790.21 (*per month)
in the end, every month need to pay rm790.21
sorry if i did calculate wrongly.. hehe
Its correct.