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This is a sample analysis.
RE: Request for Car
Budget Analysis
The info you have provided is as follows:
Your desired total cash upfront : $8,000
Your desired monthly
installment : $1,000
Your desired period of financing / remaining period of COE
: 72 months
The estimated PARF value of this vehicle is :
$15,000
Our analysis shows that based on the info you have given,
the likely scenario would be :
You likely
will buy a vehicle at a price of : $66,147
You likely need a loan
amount of : $61,962
at Fixed Interest Rate of : 2.70% , corresponding to Effective Interest Rate (monthly
rest) of 5.22%
Given a PARF value of $15,000
and having 72 months to go before the
COE expires, this vehicle will likely have a depreciation of : $8,524 per year
The breakdown of your upfront cash of $8,000 has the following components :
| SN |
Details |
Amount |
Remarks |
| 1 |
Downpayment |
$4,185 |
|
| 2 |
LTA Transfer Fee |
$1,323 |
estimated. Please confirm with
LTA. |
| 3 |
Insurance Premium |
$992 |
estimated. Will depend on NCD, insured
& vehicle specs. |
| 4 |
First Installment |
$1,000 |
|
| 5 |
Admin Charge |
$500 |
where applicable |
| |
Total |
$8,000 |
|
