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Live fast die young
That doesn't make sense.
$5700 divided by 60 months (5 years) is $342 interest a month
And you will be paying the loan off at $348 a month ($87 a week) at 200 weeks (5 years).
$348 - $342 = $6.
Your quote has been calculated as a Used Car Loan.
Estimated cost or value of vehicle or boat $ 16,500.00
Amount of the loan $ 15,000.00
Your State SA
Government Stamp Duty (Contract, Mortgage) $ 57.70
Other government fees $ 11.00
Establishment fee $ 250.00
Personal Loan Protection premium* $ 1,259.00
Total amount required for loan $ 16,577.70
Loan Maintenance Fee (monthly) $ 7.50
Term of loan 5 Years
Interest rate 12.29%
Your monthly repayments (including Personal Loan Protection) will be: $ 378.70