Best Deal

Best Deal


This app helps you decide what is more advantageous: a down payment or installments!

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EXAMPLE 1 - Total Amount: $12000.00

Option 1: buy in cash with a discount of 10%
Amount to be Paid: $10800.00 (with discount)

Option 2: to divide the purchase in 12x of $1000.00
Total Value: $10800.00 (this is the down payment value)
Installment Value: $1000.00
Periods: 12
Result: embedded interest of 1.66% per month

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EXAMPLE 2 - Total Amount: $12000.00

Option 1: buy in cash at a discount of 5%
Amount to be Paid: $11400.00 (with discount)

Option 2: to divide the purchase in 24x of $500.00
Total Value: $11400.00 (this is the down payment value)
Installment Value: $500.00
Periods: 24
Result: embedded interest of 0.41% per month

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Decision:
If you leave the down payment value invested, will you get a higher interest rate than the installment embedded interest rate?

If the answer is "YES", then it is worth chosing installments, because you will earn more than the interest charged.
If the answer is "NO", it is better to pay cash.

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More Info:
http://www.thiagorosa.com.br/en/projects/best-deal

Recent changes:
v1.3.14
* bug fixes

v1.3.13
* layout adjustments

v1.3.0
* small performance tweak

v1.2.8
* layout adjustments

v1.2.0
* basic tablet support

v1.1.7
* released for all countries
Add to list
Free
84
4.2
User ratings
94
Installs
10,000+
Concerns
0
File size
480 kb
Screenshots
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About Best Deal
This app helps you decide what is more advantageous: a down payment or installments!

------------------------------------------------

EXAMPLE 1 - Total Amount: $12000.00

Option 1: buy in cash with a discount of 10%
Amount to be Paid: $10800.00 (with discount)

Option 2: to divide the purchase in 12x of $1000.00
Total Value: $10800.00 (this is the down payment value)
Installment Value: $1000.00
Periods: 12
Result: embedded interest of 1.66% per month

------------------------------------------------

EXAMPLE 2 - Total Amount: $12000.00

Option 1: buy in cash at a discount of 5%
Amount to be Paid: $11400.00 (with discount)

Option 2: to divide the purchase in 24x of $500.00
Total Value: $11400.00 (this is the down payment value)
Installment Value: $500.00
Periods: 24
Result: embedded interest of 0.41% per month

------------------------------------------------

Decision:
If you leave the down payment value invested, will you get a higher interest rate than the installment embedded interest rate?

If the answer is "YES", then it is worth chosing installments, because you will earn more than the interest charged.
If the answer is "NO", it is better to pay cash.

------------------------------------------------

More Info:
http://www.thiagorosa.com.br/en/projects/best-deal

Recent changes:
v1.3.14
* bug fixes

v1.3.13
* layout adjustments

v1.3.0
* small performance tweak

v1.2.8
* layout adjustments

v1.2.0
* basic tablet support

v1.1.7
* released for all countries

Android Market Comments
A Google User
Jun 25, 2015
I have to look Thanks
A Google User
May 5, 2015
Muito bom! Muito bom para saber se devemos comprar à vista ou à prazo!
A Google User
Dec 8, 2011
Muito bom! Muito bom para saber se devemos comprar à vista ou à prazo!
A Google User
Dec 8, 2011
Muito bom! Muito bom para saber se devemos comprar à vista ou à prazo!
Anderson
Dec 8, 2011
Muito bom! Muito bom para saber se devemos comprar à vista ou à prazo!
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