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Title : Here It Is Toyota Credit Simulation, Come See Here Before Taking It
link : Here It Is Toyota Credit Simulation, Come See Here Before Taking It
Here It Is Toyota Credit Simulation, Come See Here Before Taking It
Toyota Credit Simulation - Toyota car loan is a form of commitment from Toyota Finance to provide the best service for car consumers in Indonesia. This is very understood by Toyota, because buying directly will require a lot of funds spent. So Toyota finance is one solution for those of you who want to have a Toyota car with installments.
When we want to take credit for sure before we make the decision, it is also important to consider it first. In this case Toyota Finance has a Toyota credit simulation feature that you can use to calculate yourself how much repayments you will later pay. The installment simulation is of course made according to the type of car and your preferred down payment.
How to calculate Toyota car loans
If you do this manually, actually regarding the problem of Toyota car loan simulation is very easy for you to do. Although the results you get from your own calculations can also be different from when you apply for actual credit, but the difference is not too far, so this will be able to give you an estimate or a lower limit for the monthly installment expense.
In this case, of course, there are broadly 5 (five) factors for car loan simulations, including:
Down Payment (DP)
The minimum DP rate that is usually offered is 25%, so if the price of the car is Rp. 2300 million:
Money DP = 25% x Car Prices
25% x Rp. 200 million = Rp 50 million
Credit Principal
Credit principal or remaining credit can be calculated by:
Principal Credit = Car Price - DP
So, Rp. 200 million - 50 million = Rp. 150 million
Interest / month
After that, don't forget to calculate the interest rate, which in this case must be paid with the formula:
Interest / month = (Principal Credit x Interest according to tenor in years) / (Tenor in months)
If within a tenor of 2 years with 5% interest, then:
(IDR 150 million x 5% x 2 years) / 24 months = IDR 625,000 (rounding thousands)
Well next for the Installment Amount
Next, you only need to calculate the amount of installments you have to pay using the formula:
(Principal Credit / tenor in a month) + Interest Rates
then, (Rp. 150 million / 24) + Rp. 625,000 = Rp. 6,875,000
after you finish the calculation, then calculate the tariff and administrative costs.
Insurance Rates and Administrative Costs
This is the last method in the Toyota Credit Simulation, in which you do not forget to add insurance rates and administrative costs, then there are also policy costs and fiduciary costs. Regarding the payment of administrative fees, policy fees and fiduciary fees will be combined with the DP into the First Total Pay. Meanwhile, for the payment of insurance premiums you can also choose, some are combined with First Total Pay, then some are included in the principal debt that will be paid in installments in the period per month.
At this point, of course you already understand the Toyota credit simulation above, with you knowing the simulation, you will certainly be able to estimate how much it will cost you. May be useful.
Thus the article Here It Is Toyota Credit Simulation, Come See Here Before Taking It
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