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!