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..

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

Current auto loan rate:

National Car (Proton/ Perodua)
3 - 5 years 3.75%
6 - 7 years 3.90%
8 - 9 years 4.00%

Non national car (Retail vehicle other than Proton/ Perodua)
3 - 5 years 3.25%
6 - 7 years 3.40%
8 - 9 years 3.50%

Used car
3 - 5 years 4.00%
6 - 7 years 4.15%
8 - 9 years 4.25%

Car aged 7 - 10years usually can only get maximum 7years loan and rates can be different.
Bank will charge higher interest rate for very low loan amount and short tenure of finance.
Bank can refuse to give EWP for low loan amount with short tenure of finance.

Hello, i heard those SA saying the interest will be increased TODAY. can some one please update me?The average interest for 5 yrs, 7 years n 9 years? Thanks

But I heard the interest will be increased next week. So,which SA is telling the truth?

Yes..increase 0.25% next Monday.

woo.. 100 more than b-line persona elegance... 

That is the standard rate in the market.

aiyo..increase again ah? we pay tax dis tax dat..ppl with salary 2.5k oso kena tax ady..nowadays salary 3k oso consider poor lorr..then still wanna suck ppl money ah?  

if our public transportation is efficient as other country i wouldnt even bother buying a car..but then..haizzzzz   

More and more ppl buying national car. You think they will let you so easy ah ??!!! They know even they increase the HP rate, we will buy also. There is nothing must we all can do.

This is getting bad to worse...i took the KTM train yesterday after a long time.. i noticed there's a coach specially for women.. at plus point. Unfortunately the period bet the trains is long making the other coaches...packed with ppl.

Not mentioned due to the inconvenience in using the public transport, we opt to drive... then as usual bad jams all over the city (especially during raining n peak hours)

Now, even the car HP interest is increasing...

We can being pushed to the EDGE!

bn gov says they decrease the subsidy of sugar to help decrease the number of new diabetes cases, now they increased the HP rate, maybe is to help reduce the accident rate? 

guys, i already booked my Myvi and managed to get 3.5% rate for 7 years loan. Is it a good time to get a car now?..i ought so.

Alot of car manufacturers are clearing out their 2010 production cars. Eventhough my car will be tampered as this year's production, however it will still be registered as next year ownership. Furthermore, if you planning to get your car at the beginning of next year, the chances of getting 2011 prodcution car is still slim as the old stocks car are still in the process of clearing.

As for my sales agent, he quoted a personal discount of rm 1,800. As year end is coming, he has to strive and hit his sales target.

yeah that was the initial rate quoted by the banks, it actually all go down to the SA on how he negotiate the rates.