Finance Advertisement 1 Advertisement 2 Deposit  Deposit = 20%  Retail Price = R154 000 EXAMPLE R154 000 x 20/100 = R30 800.

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Presentation transcript:

Finance

Advertisement 1

Advertisement 2

Deposit  Deposit = 20%  Retail Price = R EXAMPLE R x 20/100 = R30 800

Interest…  Interest rate – 14%  Retail price – R  Loan amount – R EXAMPLE: R x 14/100 = R17 248

Monthly Instalments

2 types of interest

Simple interest RETAIL PRICE VEHICLE FINANCE TERMS OptionsDeposit Interest rates No of payments Monthly payments Final (balloon payment) Total repayment R Option 1 20%5%36R A Option 2 12%6%60R % of the vehicle price B

Compound interest RETAIL PRICE VEHICLE FINANCE TERMS OptionsDeposit Interest rates No of payments Monthly payments Final (balloon payment) Total repayment R Option 1 20%5%36R A Option 2 12%6%60R % of the vehicle price B

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