Sunday, March 25, 2012
Car Loan. How to win?
The above table illustrated a person who has cash of 450,000. He/She need to decide to Deposit more cash or less cash for downpayment (DP), so that the passive income from the FD earning is able to generate extra cash to cover her/his car loan. Obviously, when the person paying less interest to the bank, pay higher downpayment, shorter loan period and ensure cash flow is positive every month is the best financial manager way.
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Car Loan Tricks
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