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Post by hhalex on Jul 18, 2007 13:18:38 GMT 7
Guys fyi, Those who is on loan under the AMbank 3.5% on RM88K with progressive monthly installment from RM748 (1st Yr ) , RM948(2nd year) and RM1018(3/4th year) and RM1228(5thyr ) and so on for 9 yrs repayment scheme will have the below figure as the full settlement amount with discount :-
Loan Settlement vs. Market Value 1st yr - RM85,268.77 vs. 05' RM 53k 2nd yr - RM78,95.75 vs. 04' RM 50K 3rd yr - RM71,113.37 vs. 03' RM 45k 4th yr - RM62,600.22 vs. 02' RM 41K 5th yr - RM50,887.71 6th yr - RM38,492.33
So the way i see this, we will only be able to offset our car loan base on the market value after the 6th yr only hopefully, else will be the 7th yr.
Look at Hyundai Sonata right now, 01' model of the 2.0 is only RM38K.
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Post by samuelk on Aug 8, 2007 16:37:00 GMT 7
have to keep the car for the next 6 years or so in order to break even?!!
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