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

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csling85
post Aug 11 2010, 12:34 AM

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haizz... actually i wan to buy Myvi in dis year wan ..~ mana tau 7 yrs installment from 3.65% increase til 4%~
quite 'jialat' ... then i plan now is Aug edi, later take 2-3 months mayb around Oct i manage to get the car...
but think twice,later next 2 mths, the car consider as 1 year edi..i feel not worth lo...
plan to buy car on next year.. but i HEARD dat.. coming up dis few months, the car interest will increase again * Really?!
... shit ...
if increase again, i mus rush to buy car dis year ..


Perodua Myvi standard or Ezi (auto) and Suzuki - Alto (auto) ..dis 2 car..
which one better huh ? sumore engine for myvi 1.3 and alto 1.0 oni...

7yrs loan interest for Perodua and Suzuki is the same ?

please provide me ur opinion...thanks

This post has been edited by csling85: Aug 11 2010, 12:36 AM
csling85
post Aug 11 2010, 02:03 PM

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QUOTE(koh_424 @ Aug 11 2010, 08:02 AM)
i also heard few rumor talking bout will increase interest rate in October. but dunno is true or not.

P2 Myvi & Suzuki Alto also very suite for city drive  smile.gif . i haven go showroom view the real Alto but i owned a Myvi. wat i can tell u bout Myvi is quite plasticky feel. n then sum parts in the car later will create sound to annoy u. then power window switches is the famous problem  thumbup.gif .

try to test drive both then only make decision.  blush.gif
*
ya.. need to test drive..

issit myvi power window switches hv lots of problem huh? aikss..
ya.. i heard my fren complain that drove for few months, started to hv sound edi..haha..

but .. myvi engine is 1.3 and alto is 1.0
i'll take 1.3 engine instead of when i go travel or wat .. the engine is more powerful (speed faster).. than 1.0 engine..
unless Suzuki's 1.0 engine is powerful than Myvi's 1.3 la.. haha..

7 yrs loan interest for Perodua is 4%
Suzuki is 3.15% issit ? correct me if i'm wrong..

dis 2 car aft calculation.. the montly installment around the same range wo..

Myvi can discount up to RM 700
how about Suzuki ? can discount up to how much ?
since i nv survey for Suzuki before..

This post has been edited by csling85: Aug 11 2010, 02:15 PM
csling85
post Aug 11 2010, 05:35 PM

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QUOTE(nicholastze85 @ Aug 11 2010, 03:50 PM)
anyone can provide me the calculation for proton persona price and loan if i plan to loan it around 7 years or 9 years..
im quiet blur about the interest rate calculation
*
oh..like myvi is 46900 ,
down payment RM 5000

equals to 41900 rite ?
41900 x 4% = 1676 ( 1 year interest)
1676 x 7 yrs = 11732

so take 41900+11732 = 53632 / 84 months (7yrs)

so it means each month u've to pay RM 638.50

correct me if i'm wrong..
csling85
post Aug 20 2010, 10:16 PM

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QUOTE(Ken_HP @ Aug 20 2010, 05:11 PM)
just bought a myvi
interest given :
5 yrs : 4%
7 yrs : 4.15%
9 yrs : 4.25
*
7yrs interest = 4.15 % ??????

omg .. so high already, cos last month i asked they said 7 yrs car oni 4%

may i noe which bank u used ?
csling85
post Aug 25 2010, 12:59 AM

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QUOTE(Ken_HP @ Aug 23 2010, 10:04 PM)
the salesman told me all bank interest rate are the same  sad.gif
*
abit confused, some ppl said 5 yrs car, interest is 4*
if 7 yrs car is 4.15 % ....
aikss... which one is telling the truth ?
i tot diff bank, they offer diff interest rate,
Ken, since u said rates is the same , which bank is not important edi..
csling85
post Nov 9 2010, 12:22 AM

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QUOTE(servlet @ Oct 27 2010, 07:02 PM)
hmmm.. the sales girl told me.. if order now.. the car will arrive in 3 month..

october, november and december..
*
i plan to buy Myvi premium end of dis year, cos hv more promotion, but the problem is .. interest for 7 years is 4.15% ..
jus would like to know, which bank hv lower interest than these rate ?

i think i'll submit my application around 26-27 Dec, then i can get their promotion,and after the bank approve also in January 2011.

might get the car on Feb or March..

so.. will my car manufacture in 2011 or consider 2010 ?

i heard Myvi goin to stop on end of dis Dec, bcos next year goin to launch new myvi sedan 1.3 & 1.6 already..
seems the new myvi is nicer than the previous wan, but the price sure slightly higher. duno the balance (myvi) will decrease the price or not ..

local car, the interest is very high, think of getting hyundai i10 or suzuki alto.. although the price is slightly higher, but the interest is lower ~..

This post has been edited by csling85: Nov 9 2010, 12:24 AM
csling85
post Dec 20 2010, 09:57 PM

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QUOTE(memento @ Dec 19 2010, 06:12 PM)
guys, i already booked my Myvi and managed to get 3.5% rate for 7 years loan. Is it a good time to get a car now?..i ought so.

Alot of car manufacturers are clearing out their 2010 production cars. Eventhough my car will be tampered as this year's production, however it will still be registered as next year ownership. Furthermore, if you planning to get your car at the beginning of next year, the chances of getting 2011 prodcution car is still slim as the old stocks car are still in the process of clearing.

As for my sales agent, he quoted a personal discount of rm 1,800. As year end is coming, he has to strive and hit his sales target.
*
huh? 7 years car, interest oni 3.5% ??? are you sure ? so u bought perodua car ?
cos before july, the lowest interest is 3.65%, now ur interest seems like lower than the previous wan..
i call for the SA, he said now started to clearing out the 2010 cars , so ..
interest might be lower, but also above 3.9% - below 4.15%.

He gv me discount up to 2k if i buy Myvi SE . the rest of the myvi is RM 1000 . ( 2010 stock )
if wan to buy 2011 manufacture .. oni discount RM 500 .




csling85
post Dec 23 2010, 12:01 AM

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QUOTE(memento @ Dec 21 2010, 11:30 PM)
yeah just receive a call from the bank to validate all the personal details and to open a savings account with that bank. Very fortunate to get the low rates, my SA told me that his boss has a strong connection with the banks.
*
mind to introduce ur SA to me huh?
since u get d lowest interest for 3.5% for 7 yrs, issit oni for Year End Promotion?
if next year duno stil got dis kind of lower rate or not ..
csling85
post Jan 6 2011, 10:26 PM

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As i noe promotion for this month January,
the SA told me .. Perodua's car interest rate for 7 years is 3.4% and 9 years is 3.5% ..
issit true ?

can i book for this interest rate ..as well i'm waiting for the myvi sedan to launch ?

but for car 2011 doesn't hv discount all all ...
2010 discount RM 500 .....

hmmm...should i buy the car (myvi) now ..with the interest of 3.4% ...
or wait for new car ? dattime the interest sure back to normal 4.1% already,
but i were dreaming dat , during myvi sedan launch, will hv
special promotion, hahahaha...


csling85
post Jan 8 2011, 07:52 PM

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QUOTE(pakjan @ Jan 8 2011, 06:07 PM)
which bank offer that 3.5% 9 years loan bro..just for produa or other local national car? quite interested this offer..huhu this promotion valid until when..Other SA here can oulls make it clear..
*
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
csling85
post Jan 15 2011, 06:46 PM

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QUOTE(koh_424 @ Jan 15 2011, 06:20 PM)
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.
*
oh...i already double confirm with the SA, he said manufactured 2011 vehicle..
i ask 2 places, A agent said 2010 myvi can discount up to RM 1000, for 2011 myvi NO discount.
then B agent said the same things. 201 myvi discount 1000, but 2011 myvi oni 500,
so i bargain with him... at last he free touch and go card, smart tag ( but i duno how much he'll gv) , full tank and RM 150 tinted voucher (V-cool)

Agent B more worth, so 2mr i'll submit my application to him already..
csling85
post Jan 16 2011, 02:23 PM

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QUOTE(jeffbong @ Jan 15 2011, 07:42 PM)
dun buy myvi now...replacement model coming soon...that's y u can get 2011 ready stock.
*
but the replacement model is much more expensive than the existing myvi..
sumore my budget not more than 50k for buying new car...


csling85
post Jan 17 2011, 11:30 PM

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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 din hear any rumors about the new myvi, price , exterior design .. cant wait to see..

This post has been edited by csling85: Jan 18 2011, 09:13 PM
csling85
post Jan 23 2011, 10:43 PM

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issit we need to pay the deposit to the sales agent, then only they help us to proceed to the document to bank?

if the bank not approve, for sure the deposit we can take back..
and if the bank had approved.. then something happen , u dun wan to buy the car already, can we take back the deposit ?

cos i already pay for the deposit RM 300 i told the SA, the car i'll take it middle of March or Apr.. he said okie ,but now the bank already approved my loan, the sales agents wants me to take the car within 1 month, but at the same time, i've personal matter, do not wan to buy the car already, cos now is in critical stage, i'm out of $$$ , i asked for refund, the SA told me.. the deposit not refundable.. wat should i do now ?
csling85
post Jan 24 2011, 09:21 PM

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QUOTE(mohdshafie00 @ Jan 23 2011, 11:16 PM)
the loan valid up to 1 month prior to approval from the bank. thats why the SA asked u to collect ur car, sign the agreement etc.
*
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
QUOTE(jeffbong @ Jan 24 2011, 10:08 AM)
why 300?? i pay only rm 100 for the myvi booking...pls enlight me with ur case. thanks
*
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 ..



This post has been edited by csling85: Jan 24 2011, 09:27 PM
csling85
post Jan 28 2011, 11:39 PM

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http://www.automagazined.com/2011/01/perod...ase-this-april/

expeceted new myvi launch in April 2011 ~
but i heard other's SA said might postpone to may or june
csling85
post Feb 9 2011, 12:07 AM

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QUOTE(singdreams @ Feb 8 2011, 02:12 AM)
Any one know Vios J Spec if take down payment must pay how many percent and how much installment if i take 9 years?
*
normally cars deposit min we've to pay 10% rite? correct me if i'm wrong ...
the interest rate is 2.68% before year of 2011, now i duno wat is the exactly rate..
you may call the toyota center to ask for the rate, price ..
then i'll help u to calculate ..~
csling85
post Jun 22 2011, 08:58 PM

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do you all know,

now the new myvi, are they doing any promotion ?
can discount up to how much for premium ?


csling85
post Jun 24 2011, 09:12 PM

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QUOTE(tzeweng @ Jun 23 2011, 06:19 AM)
im planning to get a car and will have my dad as guarantor, personally i have some outstanding credit card loan. will it affect my loan application ? when it comes to purchasing a car does the bank consider more about the loaner or the guarantor?

im a student so im unable to provide income statement but i would like to have the ownership of the car to be mine if possible.
*
you may refer to salesman ~

This post has been edited by csling85: Jul 19 2011, 11:33 PM
csling85
post Aug 2 2011, 08:56 AM

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QUOTE(doinkz_gaara @ Jul 27 2011, 05:24 PM)
Hello!

Talked to a car dealer today.

He is giving me a promo price of 2.95% for a 7 years loan for VIVA, or 3.02% for a 5 years loan.

Is it okay? I will get RM2.4 discount of my first downpayment as well.
*
doinkz_gaara, which bank offers you 2.95 for 7 yrs loan ?


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