Tuesday 2 November 2010

dollars and cents.....


let's say i can sell my car for $60,000 and if i cough up another $10,000, i will need to loan $70,000 to buy a exo X SST at about $142,000.......

repaying a $70,000 loan over 5 years at 2 percent interest rate will require $1283 each month...... most importantly, i have to find out the terms and expenses involved in early settlement of the current car loan i.e. how much do i have to top up....

hmmm if i stop buying watches or audio equipment, there shouldnt be any problem with the monthly obligations...... but the problem is i cant guarantee anything like that.....

perhaps i can shave a few thousands off the expenses if i opt for the 5-speed manual........
 

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