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

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memento
post Nov 17 2010, 08:31 PM

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QUOTE(csling85 @ Nov 9 2010, 12:22 AM)
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 ~..
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hey I am planning to get a Myvi as well. Hope u can enlighten me with what are the promotions they currently having?
i10 also did cross my mind so to speak, how much lower is the interest rate for that car?
memento
post Dec 19 2010, 06:12 PM

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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.
memento
post Dec 20 2010, 12:57 PM

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QUOTE(solsekuin44 @ Dec 20 2010, 12:21 AM)
3.5% is good enough. Mine was 4.1% sweat.gif
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yeah that was the initial rate quoted by the banks, it actually all go down to the SA on how he negotiate the rates.

This post has been edited by memento: Dec 20 2010, 12:57 PM
memento
post Dec 21 2010, 11:30 PM

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QUOTE(csling85 @ Dec 20 2010, 09:57 PM)
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 .
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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.


memento
post Dec 23 2010, 06:56 PM

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QUOTE(csling85 @ Dec 23 2010, 12:01 AM)
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 ..
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I believe it only happens during the year end promotion. My SA's name is Ricky Soh from Motors confidence located at Taman SEA. His hp no. is 016-2358882. Very friendly and nice guy. If you need more info you can pm me
memento
post Dec 24 2010, 01:59 AM

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QUOTE(pakjan @ Dec 23 2010, 10:52 PM)
wah gud..which bank u make loan get 3.5% rate??
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Yeah one of the lowest rate possible..I got it from EON Bank icon_rolleyes.gif

 

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