5.1. Comparative Analysis
Singer Jamaica:
Option 1: Original Cost - $87,995
Total Cost with Tax: $101,194.25 (tax rate: 15%)
Calculation: $87,995 + ($87,995 × 0.15) = $101,194.25
Deposit: 20% of $101,194.25
Calculation: $101,194.25 × 0.20 = $20,238.85
Remaining Balance:
Calculation: $101,194.25 - $20,238.85 = $80,955.40
Payment Period: 4 months
Monthly Payment Estimate:
Calculation: $80,955.40 / 4 = $20,238.85
Option 2: Higher Cost - $129,369.25
Deposit: 20% of $129,369.25
Calculation: $129,369.25 × 0.20 = $25,873.85
Remaining Balance:
Calculation: $129,369.25 - $25,873.85 = $103,495.40
Payment Period: 9 months
Monthly Payment Estimate:
Calculation: $103,495.40 / 9 = $11,499.49
Courts Jamaica:
Original Cost: $112,999
Total Cost with Tax: $123,949 (tax rate: 15%)
Calculation: $112,999 + ($112,999 × 0.15) = $123,949
Payment Options:
Payment Period: 3 Months:
Monthly Payment Estimate:
Calculation: $123,949 / 3 = $41,316.33
Payment Period: 6 Months:
Monthly Payment Estimate:
Calculation: $123,949 / 6 = $20,657.17
Payment Period: 12 Months:
Monthly Payment Estimate:
Calculation: $123,949 / 12 = $10,329.08
Payment Period: 24 Months:
Monthly Payment Estimate:
Calculation: $123,949 / 24 = $5,164.54