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

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saiga
post Jan 13 2010, 02:30 AM

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From: Skudai, Johor
QUOTE(duckaton @ Jan 13 2010, 12:29 AM)
Any reason why? ohmy.gif

Is it bcos the depreciation value higher.
or the assumption that default will be lower for national car buyer?
*
coz foreign car more expensive. even lower interest rate, the TOTAL profit that bank gets is higher nod.gif . back in 2004, u can get 1.38% loan for BMW, but the actual interest amount your pay is rclxub.gif

e.g. proton RM50,000. interest 3.5% = bank get RM1750 per year

bmw RM300,000. interet 1.38% = bank get RM4140 per year

Added on January 13, 2010, 2:31 am
QUOTE(yeezai @ Jan 13 2010, 01:01 AM)
i guess national car have the most npl so dat makes it have a higher interest then other ...correct me if im wrong.. icon_rolleyes.gif
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sorry, u're wrong. correct answer is my post above nod.gif

This post has been edited by saiga: Jan 13 2010, 02:36 AM
saiga
post Jan 13 2010, 09:06 PM

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Joined: Aug 2006
From: Skudai, Johor
QUOTE(jes_leong @ Jan 13 2010, 02:52 AM)
so which is  a more better advice?
Should we go for local car or should we get foreign car?
foreign car = expensive= lower interest
local = cheap = high interest
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currently using proton as this is my first car after graduate. REALLY REGRET. if u cannot afford brand new japanese car, second hand japanese car is way better than new proton nod.gif . I actually want to buy used honda civic but my wife said give bad impression to her parent , so no choice but to buy new car.

after finished paying this car I will buy recond estima (hopefully la sweat.gif )

Added on January 13, 2010, 9:08 pm
QUOTE(MilesAndMore @ Jan 13 2010, 10:34 AM)
Just go for the car type you can afford. Higher interest is one thing. Less expensive car is another thing. Interest rate for national car might be higher but it is also cheaper. If one doesn't make a lot of money, it is advisable that he/she just settle for a national car.
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agreed nod.gif

This post has been edited by saiga: Jan 13 2010, 09:08 PM
saiga
post Jan 19 2010, 02:37 AM

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From: Skudai, Johor
QUOTE(tinkerbel @ Jan 17 2010, 11:18 PM)
@epalbee3,
Eh. but the Honda Civic will last at least 7 years! tongue.gif
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my father's plotong wira last for 15 years tongue.gif
saiga
post Aug 30 2010, 01:41 AM

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From: Skudai, Johor
QUOTE(pitywoman @ Aug 28 2010, 11:30 PM)
monthly salary can be included allowance or not. or juz basic salary will be counted as? and only 1/3 of the salary can be used as loan right?
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based on my housing loan, FIXED allowance is included as you salary icon_rolleyes.gif
saiga
post Aug 31 2010, 10:33 PM

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From: Skudai, Johor
QUOTE(pitywoman @ Aug 31 2010, 11:41 AM)
after deducted epc sosco nett salary counted as or juz fixed salary included allowance?
*
in my case just gross salary (before deduct epf and socso)
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