how bout <10 years car can still get loans?

What is the current car loan interest rest for a Proton Saga LMST 2005 year with Rm13K, for less than 5 year? Which bank is the most faster and easy to get?

yes bro. still manage to get loan from bank. but the value n the amount bank approve is depends on wat brand.

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Added on September 19, 2010, 2:23 amhope tis link will help u

http://www.mudah.my/Proton+Iswara+LMST+1+3...ing-6819620.htm

This post has been edited by koh_424: Sep 19 2010, 02:23 AM

Thank for suggestion seriously! Appreciate ur help!But this car mileage is slightly higher a bit compare that price. I already found RM13K with 60000KM mileage. Btw, i just wan to know the interest rate for USED Proton car loan...

Do people submit loan application 1st to dealer or book the car 1st?

if u deal with used car dealer then u have to pay booking fees. then gather all the necessary document only can submit to loan. after loan approve, u have to clear all downpayment, dealer fees, insurance, roadtax & etc. alot of it.

Thanks for the great info bro!

Was planning to get a 2.0 2006 2nd hand Civic @ 9 years loan, but come to see the interest can reach up to 4.85% P.A (near 5%!!), i was really turned down.

better wait for the new gen civic in 2011 lah like this..~ haih

agreed!!
around which month new civic will be out?any idea?

recently my friend's loan was approved by bank islam with 4.35% P.A interest rate for 9 years repayment period for her NEW proton saga BLM 1.3, she apply for full loan..

i was shocked to know about this as i thought the interest rate should be 4.1% only..

is it because she is applying for full loan? or because her loan is under graduate scheme program?

even she is not sure wheter she apply the loan for under graduate scheme or not as the whole process was done by her brother, but she told me her brother did ask for her scrooll, at that time she only able to submit 2 month payslip only as she need the car a.s.a.p and she's just start working...

she still has not sign any loan aggrement yet as her car will only available early oct.

i suggest her to submit another loan application to other bank but her brother is a bit reluctant to submit another loan because he said all bank will quote same 4.35% interest rate.

so what do u guys think?,




This post has been edited by h4dRi: Sep 21 2010, 01:28 PM

It might be because the full loan amt i presume. furthermore when banks quote loan interest, they take consideration a lot of risk factors, like for your friend here, the fact that she opted for full loan and also that she just started working (no proof of solid income?).

She might go and ask around other banks herself for the loan, but in the end she still has to have/find a guarantor as she only has 2 months payslip now and end up having her brother be the guarantor, which defeats the purpose.

Sometimes these 'graduate schemes' are just tactics by the banks to provide easy approval loan to people, but at a cost of higher interest rates.

Just my 2 cents. cheers~

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Added on September 21, 2010, 2:08 pmA little bit off-topic here, sorry mods~!

I presume, Japan market will get the new civic end 2010/ early 2011 as the current 8th gen Civic has been put in the 'archives' folder on the Honda Japan website, signaling a new model coming soon. Expect the new gen civic to be on our shores 5-6mths after the japan launch, just like the previous Jazz.

This post has been edited by Fasap: Sep 21 2010, 02:08 PM

thanks fasap for the reply,

her net sallary & basic pay is around rm2000 and monthly installment is around rm500 which is less than 1/3 of her salary..

let say if she submit another loan application with 6month payslip and still applying for full loan, does she still need to find a guarantor?

if she already has 6 mths payslip than she could try to apply on her own w/o guarantor. It all depends on the discretion of the bank in the end. No harm trying a as long as she has not signed any agreements with her previous loan app.

But regarding the Full Loan amt, i have not came across new car dealerships that provide full loan amt cause Bank Negara has a standing instruction that all new car purchases must be with a 10% d/payment (do correct me if im wrong). This also could be the reason for the higher rate of interest me thinks? Its quite impossible for banks to approve full loan amt for cars unless the bank and dealership kaw-tim on the issue. Exception for 2nd hand cars where the dealership can manipulate the market prices and you can get a 'full loan'.

This post has been edited by Fasap: Sep 21 2010, 02:33 PM

i wonder how much is the estimated interest rate for 60k loan

repayment in 9years

considering to buy vios 2009

me also thinking of Vios J(manual)...

r u planning to buy new car or 2nd hand?

if new car can consult the dealer for the interest rate.

If we apply for a loan now, but we want the car to be delivers somewhere in February next year, can we lock the interest rate now, as at the current rate. The dealer said can up to 6month only. Need some confirmation is it true?

And after loan approved does we need to pay the down payment now? or after we receive the car in February next year?

Little confusing. Hope someone can clarify

This post has been edited by orbclyne: Sep 27 2010, 07:01 PM

Just called a few banks to find out on the latest used car loan interest rate today. My enquiry was base on a 30K Loan for Car Model 2007, Hyundai

Alrajhibank (1300 82 6000)
3 years - 4.55%
4 to 5 years - 5%

Public Bank (1800 22 7777)
3 to 5years - 4.4%
7 years - RM4.55%

Maybank (Auto Finance PJ Branch 0379576155)
5 years - 4.4%
6 to 7 years - 4.55%
8 to 9 years - 4.65%

CIMB (Auto Finance PJ Branch 0379584713)
5 years - 4%
7 years - 7%

RHB (Auto Finance 0321646320)
* Only provide to existing RHB customer & spoken to a very snobbish person*

It's pretty clear that CIMB offers the best rate so far, if you come across with better interest rate, appreciate if you could share with me.

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Added on September 28, 2010, 3:21 pmSorry typo mistake!

CIMB (Auto Finance PJ Branch 0379584713)
5 years - 4%
7 years - 4.1%



This post has been edited by CazzyCazz: Sep 28 2010, 03:21 PM

What is the interest rate for a 350K Porche Cayenne, Model 07/08 ?

lucky u correct it. otherwise i really

Hahahahah, sorry sorry!!

Heard Affin is good, 4% for 7 years for my 24K loan. Waiting for the bank to call me to confirm on my application by car dealer and i will nego for the rate