Does interest rate for hire purchase will decrease? Increase is sure.

Is it this is a best time to buy car b4 it go up again or better waiting?
Planning to grab a new car since i had used an old car for abt 4 years since working, did not buy any car yet.

This post has been edited by orbclyne: Sep 14 2010, 05:49 PM

Hi, just check with dealer, interest rate is 3.28% for 9yrs by maybank for loan 70k. Rhb bank or publicbank maybe can give better, will check it with them later. Any suggestion for other possible bank that can give lower?

A honda, will scout tomorrow for lowest interest rate.

Do people submit loan application 1st to dealer or book the car 1st?

If we apply for a loan now, but we want the car to be delivers somewhere in February next year, can we lock the interest rate now, as at the current rate. The dealer said can up to 6month only. Need some confirmation is it true?

And after loan approved does we need to pay the down payment now? or after we receive the car in February next year?

Little confusing. Hope someone can clarify

This post has been edited by orbclyne: Sep 27 2010, 07:01 PM