Xnot, TS maybe kiasu, dun wan plotong, plo2 but willing to buy used recon car with his lousy pay. Basic pay so low no bank will provide unless there's colateral ie guarantee, FDs

Somemore in the salon profession lagi susah lor.... but Good Luck anyway to TS lor. This is the real world..................

how to do loan oh my god"??

hmm,they dun look at ur commision rite...they look at ur basic....y not just find a guarantor

face the truth ... even with the pay of Rm2k , u cant even able to pay for RM600-700 loan monthly (assume tat ur getting Rm42k++ myvi )

with ur Rm1.2k pay , u cant even get a credit card my frend .....

u can only able to get a car loan when u able to get ur 1st credit card....

bank is reluctant to issue a Rm3k credit limit credit card if ur pay is less than Rm1.6-Rm1.7k ....

wake up my frend

how do u pay ur car petrol if ur pay is so low ... RM1.2k is considered poverty ...

my pay is around Rm2k , without need to pay my car loan , also hard to survive in KL .....

This post has been edited by steventan85: Jun 28 2009, 07:29 PM

aiya ts, ya salary ... problems le...

-even get viva also damm hard d ... wanna get toyota somore? Think again!
-used car wor! More problems de, spare part also xpensive! Think again!
-after u get d car, depreciate more le... tak sakit hati meh? Think again!
-used car interest rate higher! Again, please think!

After thinking ... please consider some alternative:
- Find a guarantor.
- Change job, find some higher salary job
- Get a Credit Card
- Put more deposit
- Get some other car!

Suggestions: Try some other cars... Proton and Perodua might be problematic but it is also depend how u treat n drive d car! Cheaper, spare part also easier to find! New proton n perodua usually get problems after 5 years*!

*Usually... but not always! Gud luck!

welcome to the real world. to a bank, your salary is not $2k... (variable compensation can be a tough sell).. moreover, at your age of 21.. you're in high risk category (as a debtee and to insurance companies).. throw in the lousy balance sheet(aka savings).. no wonder you've rejected!!

learn the rules of money and get smarter next time..

Uh no ... I bought my first car with $452 monthly installment on a $1.6k salary 3 months into my first job, no need guarantor also.

different period of time.. the loan underwriting change (from time to time).
currently it seems that the standard is not so favorable to loan seekers..

ppsst.. it's not wise to call a bank stupid. you never know that they're 10,375.83 times smarter than you.

This post has been edited by lwb: Jun 28 2009, 10:28 PM

YES!!! MY LOAN APPROVE!! LOAN 4 YEARS 5.75% CAN APPROVE! MY DAD DO GUARANTO@@ MONTHLY RM1075++ ISSIT SO HIGH? 5.75%? PUBLICBANK DE

This post has been edited by Morris1127: Jun 29 2009, 10:38 PM

5.75% ? Wow, the hire purchase interest is so high now !

don't be jeles lol...

why only 4 years.... father do downpayment eh?

omg 1K + for used car monthly installment, that took more than my civic.. LOL

For u its good news coz you're too immature and naive to see to see the bigger picture (it aint pretty). For the rest of us ... in the true spirit of "financial-centric" opinions... I'm sorry to hear that.


- 1k per month takes up large percentage of your salary.
- 5.75% interest is very high
- Don't forget cars ran on petrol and there are recurring maintenance cost

But we can both agree that the BANK is VERY SMART this time around.

Good luck though.

wow, price of a new car
even a new honda city is less

earn less than 2k and the installment is 1k+
u gotta be banker slave for this 4 years

Bank are smart. I don't see any reason why the bank SHOULD approve your loan.

I was earning like 2.5k at around 25 yrs old and that was many many years ago. Only buy a 2nd hand Nissan 130y. for around 2xK.

Why does young people who can't afford to own a car so eager to get one?? Take a bus lah, until you can afford it!!!

(PS: If i'm your dad, i'll ask you to go fly kite if you want to ask me to be guarantor. No offense. Just factual opinion.)

This post has been edited by Matrix: Jun 30 2009, 11:25 AM

this is a good example of a case where "the end justify its means"..

morris1127(aka ts)'s financial intelligence is probably so low that a cow will have a better chance of surviving while crossing the road.
he's probably not aware that:

1. he'll end up paying more than 5.75% as the effective rate is different & higher than the published rate for customers.

2. he's literary paying through his butthole in such circumstance, rendering him a few paychecks away from repossession. (if his lau-piah has such a good credit standing, he wouldn't end up with such high interest rate in the first place)

remember, public bank is a very prudent and smart lender (the lowest npl in the industry).. having a dumb-dig ts proclaiming that banks are stupid because it doesn't fulfill his little gratification of owning a presentable car.. really reflects how sad such misplaced misconception ends up.

ts.. you've got buttsek by banks!

This post has been edited by lwb: Jun 30 2009, 11:46 AM

Yup, that what we called youngster now aday.
and what laugh my ass off is I wandering why TS so happy getting this loan, for me this is really a bad move, suffering 4 year high interested rate loan with second hand car, repayment is more than he 50% of he monthly income.

But, he dad is so good and nice become he guarantor without second thought.

This post has been edited by Walbur: Jun 30 2009, 11:53 AM

I'm sure his dad will disown him later a few months down the road when TS can't afford to pay his installment and the bank chase after his old man with 'debt collector'@Ah Long.

If no money, just buy an old < 10K car lah. Loads of 2nd hand kancil, iswara going for a song.

No money don't buy expensive car and show off.

This post has been edited by Matrix: Jun 30 2009, 11:57 AM

Its pretty much true about an article regarding the high percentage of Malaysia young adults going bankrupt before turning 30. What's more apalling that some of them are pulling their parents into the water with them.... sacrificing their retirement funds and mortgaging their houses to help their beloved children to stand back again.

Let's move on and try to "put some senses" into another "potential victim" in neighbouring topic about someone heavily in debt and he knows it, but donno what hit him in the head.... making him wanted to get a car loan INSTEAD of clearing debts first.