Car Loan Calculation Simulation

Before buying a car is useful to consider the financial Events that we have. Starting from the ability to advance / down payment, installment per month and length of the credit goes. car insurance cost

Here we discuss the simulation calculations to estimate the ability of credit we have a new vehicle. Immediately ..
buy car insurance

Data Preparation
1. Price of vehicles
2. Interest Rate Leasing / Bank, Standard Leasing 1, 2, 3 years = 8%, 9% and 10%
3. Insurance (1,2,3 rate = 7.5% to 8.5% and 9.5%, multiplied by Price Vehicles)
4. Administration costs (350,000, 450,000 and 550,000)
5. Tenor / Loan term (in years)
6. Total Advances

Example Problem:
Price of 100 million vehicles, the credit for 3 years, how much down payment and monthly installments.

DP and how to find answers installment:
1. Vehicle Price x DP (usually 20%)
2. Continue to reduce the price of Goods Vehicles = Debt / PH
3. result is multiplied by the interest (interest x Years) / 100
4. The result is added to the PH
5. The result is divided by the total new loan period (in months) and it can be = installment per month

* Down Payment = 100 million x 20% = 20 million
* Installment / month =
                            100 million to 20 million = 80 million (PH)
                            80,000,000 x (10x3 years) = 2,400,000,000 / 100 = 24,000,000
                            80,000,000 + 24,000,000 = 104.000.000/36 month = 2.889 million / month
* Insurance = 9.5% x 100 million = 9.5 million
* Administrative Costs = 550,000
* Provision = -

For Payments At first:
1. DP / Down Payment
2. Monthly Installment
3. Insurance
4. Administrative Costs
5, lain2 (Provision --- via bank financing usually use this)

Answer:
1. DP = 20 million
2. 2.889 million
3. Insurance = 9.500.000, -
4. Administration = 550,000
5. -

Total = 32,939,000 in installments 2.889 million x 35 months (first installment was paid in advance)

Installment it is still high ... means that a deposit be increased again to 25% or 30%. Basically Installment DP dang inversely. If one of the main values ​​increased the value of the other one will go down / reduced, and vice versa. If for simulation used car loans can click here