For example, purchasing a passenger car for EUR 8 900 and making down payment in amount of EUR 1 335, i.e. 15% of the purchase price, the financing amount would be EUR 7 565. In case financing is paid off in 60 months and average interest rate is 6.50% per annum, estimated monthly payment for the lease would be EUR 148.02. The APR (annual percentage rate) - 7.6%. Calculating the APR, it is assumed that initially determined interest rate is fixed for the entire leasing (financing) repayment period and the financing is repaid without delays. The total amount to be paid in full term - EUR 9 036.92.
The calculations made using the calculator are of an informative nature. Borrow responsibly, having regard to your ability to repay the loan.
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