Which bank is currently offering the best interest rate for 2006-2009 Mfg Year used car?

Looking for a new model honda city 2009 n above , 10k downpayment . can gimme the lowest interest rate ?

I am planning on buying second hand MyVi (2007)

Below is the interest rate I get:

Eon Bank - 4.1% (5 & 7 years)
Maybank - 4.1% (5 years), 4.2% (7 years)
Ambank - 4.5% (5 & 7 years)

What do you guys think? the rate is ok or normal?

Actually that's the point of the deposit, if every buyer has personal matter then it will be very hard to sell the car out isn it?

Deposit is to keep the deal serious...did u pay a lot for the depo?

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Added on February 27, 2011, 11:19 amI think 2.95 is for 9 years right, 3.5 for 3 years?
Did anyone ask? seemed like a good rate!

This post has been edited by surf-it: Feb 27 2011, 11:19 AM

Did you guys try this website?

http://www.bankinginfo.com.my/04_help_and_...ntPrefLangID=1&

I am a banker myself and most often I go to this site for some info & comparison with all other banks. I'm not sure if the info on rates are accurate, but it seems like bank muamalat offers the lowest rate? Not sure if it's only for bumis though. That rate seems standard and determined.

Thanks tungjern for the info...very helpful.I'm planning to get a Vios 2004.That guy is offering me 45K.Looks like Bank Mafulat is offering the lowest rate I heard someone mention the bank is only offer the loan to Bumiputera only,is that true? I would appreciate if you guys enlighten me with some info whether I should take the car or should I hold on to my Myvi(I've got 2 more years to get off the hook from the bank)....Thanks

No problem. But I don't think the info provided is necessarily accurate since it is dependable on the number of years in your hire purchase. Still it provides a good comparison on which bank quotes a low interest rate. Good luck in your car search and bank 'mafulat' was a good catch. Haha.

last month i went to public bank they gave me 4.3% for used national car..
the person in charge for car loan say 2nd hand car cannot get below 4.0%

Hi guys, how if i put 50% down payment for Honda Civic 1.8 ?
Will i get any audit from those tax auditor? Just started to work and my salary not that high

I doubt "those tax auditor" will be interested in you. You can always justify it was from savings, loan from parents, etc.

It will only attract the attention of "those tax auditor" if you are buying big cars... like a Bentley, even if you are taking a 90% loan!

@singdreams
You won't have any problems with buying a car even with 100% cash. But if you buying a property of 500K with cash, then good luck

Bank quoted HP interest rate for new Perodua
5 years – 3.69%
7 years – 3.54%

I am not sure to take 5 years or 7 years loan. Please help...

Monthly repayment for 7 years loan is around 25% lesser, thus monthly commitment lower but need to pay back extra 2 years.

Would the car 2nd hand value much lower after 7 years compare to 5 years?

Which is better and why?

Am trying to secure a loan for a pre-owned 2009 Civic FD2. Paid the banks a visit and here's what they quoted;

1) Maybank's valuation of RM102k with mof of 85%
2) Ambank's valuation of RM109k with mof of 90%

My question is..how is it that Maybank's valuation is terribly low compared to Ambank's? Difference of RM7K! Is this normal for all cars/model/banks? Maybank informed me that all of their valuation calculation fair and in order and is carried out based on the 'Red Book', errr?

However, Maybank quoted a better int rate of 3.3% over 9 years compared to ambank of 4% for the same period.

officer in ambank told me the rate is subject to further nego - which I doubt so. what is the likelihood of securing a better rate? are there any banks out there which could offer an attractive package?

Appreciate your help guys!

Hi folks..

I'm looking for a used vios yr 2009/2010.. what is the interest rate for 7-9 yrs?

Hi guys,

i am looking to get a new car.

based on the site from tungjern, here's a comparison of Affin, CIMB, and Muamalat for their interest rates.



can anyone explain to me what is the meaning of the APR for minimum rate?

It does seem that Affin and CIMB gives a lower interest rate than others which is nice, but is there a relation between interest rates and APR rates?

This post has been edited by VinluV: Apr 7 2011, 01:17 AM

APR = Annual percentage rate

try to google it then u will get the answer.

ah thanks for the info, the thing that came to my mind was Apache Portable Runtime

Heard Public Bank offer quite good rate also. Well, not sure how true is it lar.. can try checking it out..

Hi guys,

wanna ask at this current situation and taking consideration future's economy outlook, which is better to take variable rate at 3.62% (ambank) or fixed rate at 3.75%-4.00% (maybank)?

Planning to buy a new local car. Your inputs are greatly appreciated. thx

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Added on April 25, 2011, 12:16 pmAny advice from experience forummers? Tq

This post has been edited by *7*: Apr 25 2011, 12:16 PM

Why..? you guys got so high car loan interest rate here?

First and foremost, I have ask to 7 used cars dealers in KL and what I can get is 4%-4.6% (shitty KL people..)

and lastly,

I got my used 2007 Honda City VTEC Facelift - loan RM 57,000

3.49% from Am Bank - 7 years loan.