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 Car loan interest Rate in 2010, what is the current rate??

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koh_424
post Oct 30 2010, 06:01 PM

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QUOTE(frequency @ Oct 30 2010, 08:22 AM)
finally bargain till 4% for my 40k for the second hand in public bank..
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mind to share wat car is tat?
koh_424
post Nov 2 2010, 09:52 PM

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QUOTE(frequency @ Oct 31 2010, 08:58 AM)
40k for an old Altis for 5 years
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rclxms.gif i luv the interest bank gave u. wat bank is tat?

koh_424
post Nov 13 2010, 06:34 PM

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QUOTE(flamestudio @ Nov 10 2010, 07:45 AM)
For used or new cars? Wow 2.74%.
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2.74% interest rate should b non-local brand..
koh_424
post Nov 13 2010, 11:03 PM

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QUOTE(ICDeadPeople @ Nov 13 2010, 12:01 PM)
Brand new non local CBU.
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rclxms.gif wat brand by the way?

koh_424
post Nov 18 2010, 11:31 PM

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QUOTE(who_care @ Nov 17 2010, 03:23 PM)
myvi vs i10 vs suzuki alto
better get i10 coz monthly payment almost the same
i10 , interest rate start from 3.25%
can get 1.99% promotion (T & C apply)
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agree, price might higher. but the interest rate is attractive. also is non-local brand tongue.gif
koh_424
post Nov 30 2010, 01:12 PM

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just got a Proton Saga from company. signed loan for 3yrs paying 4% interest rate to PBB.
koh_424
post Dec 29 2010, 01:09 PM

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QUOTE(daymond85 @ Dec 29 2010, 01:56 AM)
hi all, i am planning to get persona elegance 1.6 MT.

now the dealer offer me 4% interest. is that fixed? or i can bargain with them or i need to find orther bank for loan?

ur help is highly appreciated! Thanks!
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mayb u can try to ask around the bank for the interest rate. but for Proton i believe 4% is very good rate. Last month i got my Saga with 4% interest rate with 10% DP, terms 3yrs.

good luck to u
koh_424
post Jan 15 2011, 06:20 PM

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QUOTE(csling85 @ Jan 8 2011, 11:52 AM)
if not mistaken , perodua's is having this promotion rite now ..
u may ask CIMB or AMbank as well..
The SA told me dis promotion til 31st January 2011 only..

that's why i'm wondering ... 3.4% for 7 years .. damn worth
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3.4% interest rate is a damn good promotion. But i worry it will have the promotion on the 2010 manufactured vehicle. Last time i brought also 3.8% (3yrs back). But now is 4% interest.
koh_424
post Jan 18 2011, 10:05 AM

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QUOTE(csling85 @ Jan 17 2011, 03:30 PM)
but for January 2011, the interest rate for 7 years car is 3.4% .
if wait til the new myvi launch, the interest sure back to normal 4.2% ...
am i right ? do you think new car will hv special interest ?
i dun think so, bcos is local car leh, interest is higher than import cars ..

hmmmm.... how come think hear any rumors about the new myvi, price , exterior design .. cant wait to see..
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u r rite. when new model comes out then the interest rate will increase back to 4.2% or higher.

current offer is for sell off the balance stock of the 2010 & for the festive promotion.
koh_424
post Jan 24 2011, 09:33 PM

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QUOTE(csling85 @ Jan 24 2011, 01:21 PM)
i haven sign any agreement yet js sign for the vehicle sales order , sumthing like agree to purchase from the SA according o the terms and condition.


Added on January 24, 2011, 9:26 pm
hmmm..i duno, sum even said booking deposit hv to pay RM 500,
they feel curious why i'm paying for 300 only. But my fren ask me, since the myvi is existing stock, why
should i pay for the  booking deposit ? cos is not new myvi, doesnt need to pay for booking deposit..

now i ask the sales agent to met his boss to ask for refund, he js reply me now is not the time yet, so call me to wait.
haizz... if really cant refundable or mayb half deposit, duno the balance can ask him to change to tinted voucher or not ..
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Different branch & SA sale different deposit they require.

Try to bargain with them. They also wan to do business wan. Sure got a good solution to solve the problem.

Cheers.
koh_424
post Jan 30 2011, 09:52 AM

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QUOTE(piap piap @ Jan 29 2011, 05:49 PM)
hey guys im planning to get a swift 2011 ckd..n isit true that the interest rate from rhb is 2.5%? thx in advance
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should b around tat. last yr i asked for Swift also bout 2.8% interest rate
koh_424
post Jan 30 2011, 11:05 PM

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QUOTE(piap piap @ Jan 30 2011, 11:47 AM)
hi there koh, thanx ya n oso from my previous thread..but i think quite insane n if the loan is 5 years they'll give 1.8%?
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u can try to source 'automotive garage' in LYN. there got few user selling Swift & they claim the interest rate is bout 1.8% PA.

good luck to u smile.gif
koh_424
post Feb 3 2011, 07:19 PM

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QUOTE(Nepo @ Jan 31 2011, 03:46 AM)
Well, will bank extend the loan interest promotion for Myvi at 3.30% which is supposed to due on 31.1.2011?
Any opinion?
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Not really will extend the promotion. As the main point then have the promotion i think is just for them to push the old stock more faster & for the CNY season. Feb 2011 i believe the interest will back to normal.

Just my opinion.
koh_424
post Feb 9 2011, 03:28 PM

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QUOTE(singdreams @ Feb 7 2011, 06:12 PM)
Any one know Vios J Spec if take down payment must pay how many percent and how much installment if i take 9 years?
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y dun u go over to the nearest Toyota showroom & ask bout tis matter? They will have the latest promotion & interest rate for every customer. Also they can straight calculate all the info u wan to know bout.
koh_424
post Feb 12 2011, 01:10 PM

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QUOTE(chanfui @ Feb 11 2011, 03:17 AM)
Are you sure about it? I need to buy a 2nd hand Vios or City..
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Yes. PBB is giving bout 3.6 ~ 3.7% PA. But also depending on the Manufacturing YR of the Vehicle. My fren's parents just purchase a T.Altis 2002. PBB charging him bout 4.4% interest rate with 5yr repayment terms. Its happened bout last month.

This post has been edited by koh_424: Feb 12 2011, 01:11 PM
koh_424
post Feb 14 2011, 02:24 PM

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QUOTE(seiken @ Feb 13 2011, 04:21 PM)
Unless you are working, you can't get a car loan right? You'll need a guarantor? What if I have lots of money in my savings?
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if u have alot of money in ur saving then u got buy the car with cash. else u take loan, they will look into ur monthly income also.
koh_424
post Feb 14 2011, 03:33 PM

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QUOTE(clawhammer @ Feb 14 2011, 06:27 AM)
If I have that much of cash I will still opt for a hire/purchase loan smile.gif Perhaps with a lower margin of financing with a 2 years period.
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u r right. keep the cash for another investment or sumting else.

will the bank accept loan period with 2yrs?

koh_424
post Feb 14 2011, 04:46 PM

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QUOTE(clawhammer @ Feb 14 2011, 08:03 AM)
I think it's allowed - 24 months is the minimum tenure smile.gif
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currently i do not sure bout it.

but back to 2yrs, my uncle trying to get the car loan for BMW 5series with 2yrs repayment terms. but the bank told him minimum is 3yrs repayment terms.

need to consult the bank for more info bout tis matter. sweat.gif
koh_424
post Feb 15 2011, 06:06 PM

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QUOTE(seiken @ Feb 15 2011, 02:22 AM)
If I buy with with cash, the IRB won't come looking for me?
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Depends. If u got pay enough income tax then no need to worry them la. They also just wan sum kopi only la. biggrin.gif
koh_424
post Feb 22 2011, 02:12 PM

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QUOTE(tan888 @ Feb 22 2011, 12:34 AM)
which bank offer lowest interest?

FYI,loan for 2010 Mini Cooper Countryman AP
around RM290k. Thanks in advance. smile.gif
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Is good tat u try to survey from each bank. Coz the value of loan amount & repayment period will effect the interest rate they offer to u.

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