yes that's true. Interest rates has increased recently. Those who have bought a car before chinese new year would have enjoyed the old rates.

yeah!!..lucky i manage to get PBB by 3.5% b4 CNY..haha

Only due to depreciation. See if a person defaults his payment then selling a Honda is easier for the bank than a Proton. So after one year also bank can sell the car for more than the outstanding.

Bank Rakyat loan - ok or not? The interest rate?

I think most banks are the same. Once the loan is approved, just have to service the loan.

Service the loan? I don't get you But thanks ya?

Service the loan means repaying the loan.

Oh, thanks =)

but i think its also base on how much loan u want to take & the repayment period.??

more down payment & shorter loan period is better..

more downpayment..shorter loan period..then u can bargain the interest rate with bank..

Is it advisable to take a 100% loan?

Anyone have idea, this May 1st, 2010 how much Interest Rate Increase?
All i know just that all car price are increase 10%. i need more information.

This 2 days i get some info from the bank for 2nd hand car loan interest.

Public Bank: 4.15%
EON: 4.15%
Ambank: 5.5%

new car ard 3.5%

actually depend on urself..

but for me..i rather pay 10%-15% downpayment so tat the amount i take loan also wun b tat much..also monthly installment also can b lesser..benefit for tis can bargain interest with bank ..

i did tat with my car in 15% downpayment..bargain interest to 3.5% PA..good ler..

hi, how many years loan u take?
if i put 20% d/p 7 or 9 years still can bargain?

Wow...that makes a lot of different....For loan 80k with previous rate 3.75% loan for 5 years, it can be different around RM1600 for the whole loan....

loan i take 4yrs..shorter terms then bargain chances more higher..

ic...but i think impossible for 7 or 9 years jor...
the rate is fixed they said, for normal case

I need a car fast.. So, in the time being, have no extra money for a down payment. Ahaha..
But thanks, I'll consider this.