my lecturer said, foreign car is more expensive than local car..this is to attract malaysian to buy more local car than foreign car..about the interest rate, what i've learnt so far, the rate between banks are not same..yes bank negara control the rates but they do NOT set the rates.they just set the SHEILING RATES..n they give a formula to the banks to calculate the rates they should charge us on each loan...
another think, someone also mention that the bank promised to charge u 4.4% (for example) as the interest charge on the loan..but the fact is the bank charged u more than 4.4%..im not sure who mention this..but this is because, the rate on the contract paper is NOT the real rate..banks (with permission of bank negara) will NOT put the actual rate in the contract paper..we as a customer HAS to ask about it..real rate is nominal rate + BLR..the one in the contract paper is only the nominal rate if i'm not mistaken..before this, customer will not know how much is the real rate..but now, it is compulsory for the banks to show how much is the real rate at their banks..u can go to any banks, look at the wall, where they put informations such as foreign exchange..at the same board, they will put their BLR, nominal rate n real rate...u can search the information on real rate through internet also..this is from what my lecturer tought me..