Simulation calculations used car loans

car insurance cost. Used car loan calculation can also be made and the note is worth taking usedcar condition. Characteristics how? What if the service via financial institutions can? Soon we discuss here.
buy car insurance
Here we discuss the simulation calculations for a car loan with the former course and resume tips also special procedures for new car loans.


Data Preparation:
1. Vehicle price and condition of the vehicle worthy of her age
2. Interest Rate Leasing / Bank, Standard Leasing 1, 2, 3 years = 10%, 11% and 12%
3. Insurers use insurance TLO (Total Lost Only) value is 1.75%, 2.75% and 3.75%
4. Administrative Costs 1.2 and 3 years is usually the same Rp. 500 000
5. Tenor / Loan term (in years)
6. Total Advances

Example Problem:
Automobile prices DOHC Timor in 2000 to Rp. 50 million, the credit for 2 years, how much down payment and monthly installments.

DP and how to find answers installment:
1. Vehicle Price x DP used cars (usually 30%)
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 = 50 million x 30% = 15 million
* Installment / mo =
                            50 million to 10 million = 35 million (PH)
                            35,000,000 x (11x2 in) / 100 = 7.7 million
                            35 million + 7.7 million = 42.700.000/24 ​​bln = Rp. 1.800.000/bln
* Insurance Combination = 2.75% x 50 million = 1.375 million
* Administrative Costs = 500,000
* Provision = Rp. -

For Payments At first:

1. DP = 15 million
2. Rp. 1.8 million
3. Insurance = 1.375 million, -
4. Administration = 500,000
5. -

Total = Rp. USD 18.675 million in installments. 1.8 million x 23 months because (1 installments already paid upfront)

Additional Tips


If it is still high installments for help to the price of the vehicle financing services to be raised during the process of submission of approximately 10%. For an example of a vehicle above the price of submission to Rp. 55 million. After that the first results of the total paid minus Rp. 5 million (according to the price difference with the price of real vehicle credit application).
Try companions count again the example above 20470000-5 jt = 15,470,000. If the results are the same then you deserve to be a practitioner of the automobile.