2. Finance

3. Advertisement 1

4. Advertisement 2

5. Deposit  Deposit = 20%  Retail Price = R154 000 EXAMPLE R154 000 x 20/100 = R30 800

6. Interest…  Interest rate – 14%  Retail price – R 154 000  Loan amount – R123 200 EXAMPLE: R123 200 x 14/100 = R17 248

7. Monthly Instalments

8. 2 types of interest

9. Simple interest RETAIL PRICE VEHICLE FINANCE TERMS OptionsDeposit Interest rates No of payments Monthly payments Final (balloon payment) Total repayment R159 800 Option 1 20%5%36R4124.52-A Option 2 12%6%60R3161.3530% of the vehicle price B

10. Compound interest RETAIL PRICE VEHICLE FINANCE TERMS OptionsDeposit Interest rates No of payments Monthly payments Final (balloon payment) Total repayment R159 800 Option 1 20%5%36R4124.52-A Option 2 12%6%60R3161.3530% of the vehicle price B