3% 9 years Affin bank non national car
2.95% 9 years EON bank non national car (car maker tie up with bank)

this is latest bro?...thanks for the info...by the way, do you know the interet rate for national car from EON or any other bank for the matter...

sorry didnt ask for national car.

wow...great low interest there

I went to Honda damansara last week
being offered 3.85% by maybank.

then somehow I went to another Honda car showroom (as suggested by my friend)
I managed to get 3.1% for honda (affin bank)
they said that is the lowest rate that I can get now.
and it's the last day before bank start increase their rates

bro, is it true?

Just been to PBB and according to an officer, it seems jokers from Proton and Perodua complain to BNM about not enough sales due to rakyat now prefer non-national makes because of lower interest rates.

Don't believe them.

I bought 2 car last time and both time they also tell me "Mr xxx,you're lucky because the lowest interest rate is on promotion and today is last day"

I ignore them but after 1 week,i get better deal.

Hmm get 3.25% for honda just being approved retail is 3.5% on the pricelist bank negara already ask to increase it to 3.8% soon

call up used car dealer yesterday. Kenari 04 loan interest.

5yrs - 4%
7yrs - 4.25%
9yrs - 4.4%

as the dealer never mention which bank they will submit in.

why don't you approach bank ur self?

u will get cheaper quote then dealer.

is just coincident i helping my fren find used car then only i get to know the interest rate.

sum how, i believe the interest rate u still can bargain with the bank when they sign the loan letter with u. tats wat i did when i sign my car loan with PBB.

As with anything to do with finance, it is important to have a game plan before entering into any type of transaction. When it comes to cars, many consumers are not aware that you can actually refinance your car just like you would your house. While refinancing your car hasn't been an option in the market, it is one that is gaining steam and saving consumers hundreds of dollars over the life of their loans. Refinance is a viable option for anyone looking to save money

http://car-refinance-2.blogspot.com/
http://car-refinance-2.blogspot.com/

loan interest rate of car or property is fixed (standardized) by bank negara. but some bank agents are able to assist you in getting a lower rate as they seems to be able to do some alteration to your application date etc so that you can lock in a lower rate.

and also, you might want to try checking out the foreign banks, you will be surprised. and also, most of the time, they provide better services, if you are lucky.

Foreign banks do not offer hire purchase loan.

really tat high interest rate?

last week i been visited to a used car lot. looked into a Kenari 2004 Aerosport. i asked the sales person how is the interest rate now. he was telling me tat now BN already increased the used car interest rate to 4.25% in 7yrs loan.

hey mate.
u got 3.1% for 9 years?
damn...im thinking of getting a city soon as well
could i get the number for that showroom lol
i also want ^^

today i just check with maybank and HL Bank. their interest already increase to 3.85%/years ( 9 years loan)
really screw up my plan -.-' last week i check with maybank is only 3.12%/years(9 years loan) and they say the rate increase after 1/07/10 for all malaysia bank
really regret now. i getting my bro friend help me get 3.25% from HLB now. hope can get 3.25%!!~!~!~!

how true is that? i really never heard of refinancing car...

Last 2 years ago, my mother wanted to refinance her car(fully paid off) , but most of the banks i called up, they told me that there is no such thing as refinance. Well what they suggest me was transfer ownership. So the car ownership transfer to me and i have to bare the loan repayment

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Added on July 6, 2010, 9:09 amAs far as i know, the interest rate for home loan can be negotiable but as for car loan, i never heard of anything. Is there anyone working as banker for hire purchase?


Few years ago when i try car loan, i have understand there is 2 type of car loan which is Fixed n Variable. Normally in the market they only offer Fixed rate i dont know why. Kinda hard to find variable rate.

Variable rate is cheaper compare to fixed

This post has been edited by maru: Jul 6 2010, 09:09 AM

You can negotiate it, but there is no hard rules to it, thus it may or may not succeed. If for example, you take a 9-year loan at 4% and suddenly you wish to repay all in 3-years, the bank may revise the interest rate to 3.x%, but not always.

There is no variable rate for Car loan, as the earning from it is very minimal and the risk of default is higher.

my fren in banking line, she got variable rate for her car loan....maybe is the privileged from the company

i want to know , how can i do a loan after 10 years old car ? if i cant do loan for 10 years old car , any other way ? except pay cash. is it personal loan have higher interest rate ? thanks