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Posts Tagged ‘installment sale agreement’

June 18 2009

Financing Your New Car

You have found your dream car and unless you intend paying cash for it you need to arrange for vehicle finance. Most vehicle buyers will use vehicle finance provided by a bank/finance company.

March 12 2009

Car Payment Calculator

Loan Amount (R)
Interest rate (%)
Term:
Residual/Balloon Payment:
R amount
or %
Your Monthly Repayment will be:

Notes on Using the Vehicle Payments Calculator

  • This calculator may be used for any financing arrangement (Installment Sale Agreement , Lease or Rental Agreement) For a detailed discussion on the different vehicle financing schemes.
  • The loan amount is the amount that you intend financing - if you are paying a deposit deduct that from the total purchase amount to get your loan amount.
  • If you aren’t using a residual or balloon payment in your financing arrangement please input zeroes , the calculator defaults to a residual/ balloon payment of 40% , but you can change this.  For a more detailed discussion  of residual vs balloon payments.