I recently looked at a BYD Sealion, beautiful car, only Bht 1,040,000. A finance paper showed that with a 25% deposit of 260k, the interest rate would be 1.98% PER YEAR for 4 years, = plus 7.92%, leaving 780k to be paid at 17535 per month. Correct.
Asking at a Honda dealer for a Wave i125 for my Mrs costing 60,000, they said 2% interest PER MONTH = 24% per year = 96% over 4 years.
Payment of around Bht 1200 per month.
Who's fooling who please.