Jun 19 2008, 06:57 PM
QUOTE(samquah @ Jun 19 2008, 03:53 PM)
i just setted my car loan
loan amount was 68k.
+ interest was rm11k@ 7 yrs
so taotal amount is rm79K
after almost 8 months paying, i kena toto first prize.
paid of my 8 month old car cash.
bank gave me rm8K rebate
loan amount was 68k.
+ interest was rm11k@ 7 yrs
so taotal amount is rm79K
after almost 8 months paying, i kena toto first prize.
paid of my 8 month old car cash.
bank gave me rm8K rebate
QUOTE(samquah @ Jun 19 2008, 04:35 PM)
no such thing as penalty for car loan
samquah,"Know how to calculate".
You PAID for the penalty and you do not even know it. If there is NO penalty, you should only pay around 1K for interest. But, you get 8K back. That means you pay 11K - 8K = 3K interest. The penalty was 3K - 1k = 2K.
Dreamer
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