breakdown of loan price

[Izammo]

machine price = 1800

ins = 375

on the road = 1800 + 375 = 2175

downpayment = 500

balance = 1675

2 years installment.

 

shop calculated for me, i saw on his calculator :

 

1675 + 400 = 2075

2075 / 24 = 87

 

so i need to pay 87. may i check with you guys wats the 400 for?

i heard now interest has gone up? i counted its ard 12%.

 

i forgot to ask shop wats their interest.

[swoosh]

you are right! the interest 12 percent per year. He gave you a discount of 2 bucks.

[Izammo]

you are right! the interest 12 percent per year. He gave you a discount of 2 bucks.

discount?

 

anyway, all shop have raised their interest is it? didnt notice this.

[popmynutsy]

hahaha. same here. 400 interest. u riding wad bike? how come insurance so cheap and bike machine price so cheap?

[Izammo]

hahaha. same here. 400 interest. u riding wad bike? how come insurance so cheap and bike machine price so cheap?

went to survey for a wave. looking to change to budget bike