[ClemZ]

OP is probably a first time car buyer !

Even when i was working in the US / UK, similar interest rate calculation as well as rule of 78 applied.

But then again, cars are so cheap in the US/ UK, i paid cash in full for my rides so no need take loan.

In singapore, i think easily over 90% of car owners take loans, but i am not sure how many of them are actually aware of the loan calculation as well as the rule of 78