Car loan interest Rate in 2010, what is the current rate??
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 Mar 23 2010, 12:40 AM
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#1
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356 posts Joined: Oct 2007  
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QUOTE(Manuk1188 @ Mar 19 2010, 10:38 AM) Latest Yeah I think Bank Negara just increased the interest rates.2nd Car Loan PublicBank - 4.75% AmBank - 5% Flat Rate for AmBank. PublicBank still can nego sikit. How i know. i just went. yesterday.  |
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Mar 23 2010, 11:28 AM
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#2
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356 posts Joined: Oct 2007
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QUOTE(koh_424 @ Mar 23 2010, 11:22 AM) b4 CNY the interes haven increase yet..now should b ard 4% or more..depends on document, ,loan period, brands any other facts.. yes that's true. Interest rates has increased recently. Those who have bought a car before chinese new year would have enjoyed the old rates. |
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Mar 23 2010, 11:33 PM
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#3
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356 posts Joined: Oct 2007
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QUOTE(solsekuin44 @ Mar 23 2010, 06:51 PM) Bank Rakyat loan - ok or not? The interest rate? I think most banks are the same. Once the loan is approved, just have to service the loan. |
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Apr 1 2010, 05:47 PM
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#4
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356 posts Joined: Oct 2007
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QUOTE(solsekuin44 @ Apr 1 2010, 12:23 PM) I never know this.. I thought older car is cheaper, the loan and all. Older car - the bank will only provide probably a maximum of maybe 7 years only and higher interest. |
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May 8 2010, 10:13 AM
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#5
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QUOTE(Kelvin5717 @ May 7 2010, 01:53 PM) Hi sifu, Lets say you take a loan of RM36K and lets say the interest is 4.1% - With a budget of RM500 repayments per month - You need to take a loan for 8 years. Anything less than 8 years, your monthly payments will exceed RM500.Planning to buy used car, currenly looking at a few model and need advise if it's possible for me to afford it.. What i have... Down Payment available is Rm13k Monthly can pay up to Rm500.00 1st Car Nissan Sentra 1.6 (A) 2004 Rm49k - D/p Rm13k = Loan Rm36k Is it possible to borrow loan for Rm36k for this car and if pay Rm500 per month how many years i need? 2nd Car Honda Accord 2.0 VTEC 2000 Rm45k - D/p Rm13k = Rm32k Is it possible to borrow loan for Rm32k for tis car and if pay Rm500 per month how many years i need? 3rd Car Proton Waja 1.6 (A) 2001 - 2002 Rm23k - D/p Rm13k = Rm10k If pay Rm500 per month how fast can i finish this loan? and does waja at this year still worth it to be brought? i heard many negative comments.. But also i haerd ppl say 1st & 2nd car hard to get more than 5 years loan cox the car old d...and Rm500 i dunno i can afford for those car or not so all SIFU pls advise me   This post has been edited by yewjin: May 8 2010, 10:14 AM |
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May 22 2010, 07:30 PM
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#6
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356 posts Joined: Oct 2007
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QUOTE(genome @ May 19 2010, 07:49 PM) looking for new persona and ask the dealer regarding loans..he cheapest i could find from bank rakyat 3.9% although all banks already standardise with 4%..hey told me should really buy car quikly this month becoz interest rate will increase..he also heard rumours but no concrete data to support..told me got "kawan" told him Yes bank negara has announced its increased in rates but the banks have not increased it yet. |
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Jun 2 2010, 05:02 PM
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#7
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356 posts Joined: Oct 2007
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QUOTE(DaRust @ Jun 2 2010, 04:52 PM) Yes..increase 0.25% next Monday. Just called the bank. For a 7 year loan for a non national used car is - 4.1% New car rates were published in today's Star newspaper.  |
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Jun 17 2010, 12:28 PM
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#8
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356 posts Joined: Oct 2007
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QUOTE(maru @ Jun 17 2010, 08:53 AM) hi guys...just wonder is there any 100% for car? Yes you could get a 100% loan for your car but this must not be made known to the banker.  Usually you negotiate with the dealer and come to a conclusion for an agreed price. Then you tell your dealer you want to take 100% loan. They will do their magic from there. Added on June 17, 2010, 12:58 pm QUOTE(koh_424 @ Jun 13 2010, 01:06 PM) 2008 yr ride also need to have 4.75% interest ar? freaking high ler. any1 got the newest rate to share out? I was quoted 4.15% for a 7 year loan.This post has been edited by yewjin: Jun 17 2010, 12:58 PM |
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Jun 17 2010, 05:21 PM
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#9
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[quote=maru,Jun 17 2010, 04:33 PM]
different bank quote different rate... anyone know where can we get variable car loan ? i dowan fix... Added on June 17, 2010, 4:34 pm[quote=yewjin,Jun 17 2010, 12:28 PM] Yes you could get a 100% loan for your car but this must not be made known to the banker. Usually you negotiate with the dealer and come to a conclusion for an agreed price. Then you tell your dealer you want to take 100% loan. They will do their magic from there. i am talking bout new car wo....can it be done? [/quote] yes can be done with new cars as well. They will tell the bank that you are buying higher spec model but in actual fact it is the spec that you want. I wouldn't say totally no deposit - usually it is only RM1000 downpayment is needed for a national car |
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