Is the car loan interest for this year higher than last year?
Because IIRC, my fren got a loan for his car @ 2.69 for 7 years period, when he bought the car last year.

isnt it > 3% now?

FYI, BNM capped the interest rate at 3.5% for this year for all the banks.

3.5% interest??..so low meh??

isn't it 3.75% for 5 years, 3.9 for 7 years , 4 for 9 years and all bank fixed?

have to wait morpheus77 to clarified the detail of the interest fix & charge by BNM..

is new car price fixed in every car agent shop ??

i hav go to few car agent shop, the price of the new car almost same ......

anyone.. can let us all know wat bank offer the lowest interest??

i think fixed one, unless if they personally give u rebate lo

erm... does anyone know that, if i wanna buy a Honda Car (NEW) & (USED) how much is the interest rate now? that day i ask a used car dealer, he said need 4.25% for 9 years.. is it that high ar? =.="

3.5% rate is not for the local cars. it's for the cbu models.
sources : SA from NAZA

Sorry guys.. :-)

wanted to ask same question as invisiblelim also..

how much is d interest rate for a used honda <15years for 7/9 year?

wau..below 15yrs old ar..last yr i asked used car dealer is bout 7.5% ler..but now dunno got increase or not..

wow...so high???
damn~~

may i ask. if getting a second car like wira year 2004 - 05 . about hw much is the interest rate for loaning from bank to get one of those cars year 04-05 ? Thanks/

it is bcoz of the age of the car..more older car..more higher interest they will charge..same goes with those BMW 1997..as i asked last yr also bout 7% interest PA..i like 'wau!!..how good is the finance make profit from the loan!!'..but wat to do??..u love on it then u pay of it..

I never know this.. I thought older car is cheaper, the loan and all.

Older car - the bank will only provide probably a maximum of maybe 7 years only and higher interest.

I see.. Thanks

bloodsuckerz!!! lol...