Apr 4 2010, 02:21 PM
QUOTE(elv2k @ Apr 1 2010, 10:46 PM)
Current auto loan rate:
National Car (Proton/ Perodua)
3 - 5 years 3.75%
6 - 7 years 3.90%
8 - 9 years 4.00%
Non national car (Retail vehicle other than Proton/ Perodua)
3 - 5 years 3.25%
6 - 7 years 3.40%
8 - 9 years 3.50%
Used car
3 - 5 years 4.00%
6 - 7 years 4.15%
8 - 9 years 4.25%
Car aged 7 - 10years usually can only get maximum 7years loan and rates can be different.
Bank will charge higher interest rate for very low loan amount and short tenure of finance.
Bank can refuse to give EWP for low loan amount with short tenure of finance.
Great stuff... National Car (Proton/ Perodua)
3 - 5 years 3.75%
6 - 7 years 3.90%
8 - 9 years 4.00%
Non national car (Retail vehicle other than Proton/ Perodua)
3 - 5 years 3.25%
6 - 7 years 3.40%
8 - 9 years 3.50%
Used car
3 - 5 years 4.00%
6 - 7 years 4.15%
8 - 9 years 4.25%
Car aged 7 - 10years usually can only get maximum 7years loan and rates can be different.
Bank will charge higher interest rate for very low loan amount and short tenure of finance.
Bank can refuse to give EWP for low loan amount with short tenure of finance.
That is why always have to calculate before buying 2nd hand cars... sometimes 2nd hand cars might cost you more because of higher interest, free servicing and warranthy got expired.
Start planning for my VW Golf...
This post has been edited by eugene jk: Apr 4 2010, 02:39 PM
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