Well the $188pm u saw is most probably the interest they will earn per month from u. expect to pay from 400pm to 600pm.
Overrev has a point. initially i wanted to get a coe car too, just drive for what it is worth n then get rid. no parv nevermind just take cost of car divide by months left equals to my deprec for using. Forgot to take into a/c that if i accident, get back only 12k when i paid 26k for the coe car (no parv what). so dealer earn 14k just like that.
So i turn to parv car. wanted to pay in full so no need to factor in interest, but funds not much. so in the end settle for a 98 lancer for 27k. use for 4 more yrs then scrap can get 10k back. so total deprec is 17k divide by 40over mths=370pm. like that than i can afford,if not got to rely on my other two 'Kar'

Now price of new car loan also around 500-600pm. if you do the maths, might as well get a new car. too bad my funds not so much...