Is this a correct calculation for this car's price?

[Kilatz]

Came across this advert in sgcarmart.

 

 

http://www.sgcarmart.com/used_cars/info.ph...627&DL=1117

 

 

Nov 2006 Wish selling at 57k.

 

It is stated in the advert "$0 Deposit! $635 Monthly Installment!"

 

That is a Nov 2006 car so will have 6 more years to go until scrap at 2016.

Now Dec oreadi so there is a repayment period of 71 months if full loan.

So 635x71 is $45,085/- ...tio bo?

And that also haven't include interest from the loan...

So how come the repayment is cheaper than the price of the car?

 

Or did I count wrongly?

[Galantspeedz]

It says $0 deposit not $0 downpayment.

 

Tricky right..... Lol

[Kilatz]

haha... deposit is not downpayment meh?

[Galantspeedz]

haha... deposit is not downpayment meh?

 

Nope not same.... Very very not same

[Kilatz]

i see... siao liao damn tricky...new fella buying car like kuku will kana into this hole...

Now I remember difference between deposit and downpayment.

[Jeronlee]

deposit can be a part of downpayment but definitely not equal.

[Jeronlee]

i see... siao liao damn tricky...new fella buying car like kuku will kana into this hole...

Now I remember difference between deposit and downpayment.

at least he got your attention means the kuku tactic works.

[The_Bear]

Either the buyer or seller is not very clever.

[Kilatz]

i half kuku liaoz hahaha

[Kenneve888]

at least he got your attention means the kuku tactic works.

 

Avoid this kind of agents at all cost...pattern liao liao...not honest