hi there,
just wan to share my experience.

i got 2 cars..1st is Myvi SE (April 2007)..i get it loan bout RM48k/3.88% (RHB) with 6yrs repayment..

and recently (Feb 2010) i brought another Perdana V6 2002 with RM31.5k/3.5%(PBB) with just 4yrs repayment..


as new car i dunno is it control by Bank Negara..but as 2nd hand car the interest can discuss with bank..coz 1st they give me 3.6% per annum..then i with the branch manage sit down discuss n bargain..finally he gave me 3.5% per annum for 4yrs loan..it is consider cheap??

do not really know they can did tat or not..but as i know all bank will have to increase the interest of the 2nd car..sounds crazy to all 2nd car buyers rite??..

yes..n tat is just for new car interest..

i just brought a 2nd Perdana V6..loan from PBB..interest rate is 3.5% PA..period is 4yrs..quite ok for it..

not today la..just happen b4 CNY lo..coz i got to know the interest rate is increasing ma..than fast fast buy car lo..

try to call to bank n ask them bout the loan interest now..i guess is 4%+ ald..with a shorter period the interest u can bargain with the bank..

downpayment is according bank vehicle market value..but most of the used car dealer can make it full loan or just pay for the insurance..

must get a good dealer then only got good deal..

b4 CNY the interes haven increase yet..now should b ard 4% or more..depends on document, ,loan period, brands any other facts..

yeah!!..lucky i manage to get PBB by 3.5% b4 CNY..haha

more downpayment..shorter loan period..then u can bargain the interest rate with bank..

actually depend on urself..

but for me..i rather pay 10%-15% downpayment so tat the amount i take loan also wun b tat much..also monthly installment also can b lesser..benefit for tis can bargain interest with bank ..

i did tat with my car in 15% downpayment..bargain interest to 3.5% PA..good ler..

loan i take 4yrs..shorter terms then bargain chances more higher..

it is possible..if u buy from the USED CAR DEALER..they can help u to solve tat problem..it just depend on wat u asking for..

yes..it will b more higher than the amount tat u pay 10% downpayment..but if u lack of downpayment or u have another way to use of ur saving then go for 'RM0' downpayment lo..repayment terms make it longer then u feel more easy..

This post has been edited by koh_424: Mar 26 2010, 08:07 AM

3.5% interest??..so low meh??

have to wait morpheus77 to clarified the detail of the interest fix & charge by BNM..

wau..below 15yrs old ar..last yr i asked used car dealer is bout 7.5% ler..but now dunno got increase or not..

it is bcoz of the age of the car..more older car..more higher interest they will charge..same goes with those BMW 1997..as i asked last yr also bout 7% interest PA..i like 'wau!!..how good is the finance make profit from the loan!!'..but wat to do??..u love on it then u pay of it..

it is depend on the car brand..sum car finance provide loan but short period like 3- 4 yrs with 7.5% PA..sum they give longer loan like 4-5yrs loan with 6% PA..different car brand different story from finance..

increase again in May or June??..not petrol price meh??

try to look into an ad find any1 used car dealer selling WAJA. ask them bout the interest rate. they are more clearly bout tis matter

hey bro. y dun u try to call those used car dealer outside there to help u?