APR (Annual Percentage Rate) = 2NF(300C + NF)/(2N^2F + 300C(N+1))

N-no of instalment
T-term charges
C-Instalment paid in one year
F-int rate

done 2.5% 9 year 100k loan calculation, is quivalent to APR 4.63%

^ symbol there is power of...erm..N^2 means N x N

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Added on March 29, 2012, 5:39 pmwell, thats where the bank has manipulated this condition/judgement...car loan last time longest was 5years, then 7, then 9...i think there is even 11 years...

dont be surprise if u done ur loan tenure halfway, and K9 comes out in m'sia...and u wanted to trade in your car...u get nothing at all, or maybe even have to pay to settle the loan, let alone to cover the downpayment for the new car.

This post has been edited by K5WHITE: Mar 29 2012, 05:39 PM

i was thinking is it good to dump DP = RM43888 or RM23888 since if i dump in RM23888 the balance RM20000 can b placed in the house loan.... hhmm...
if based on the APR calculated by K5WHITE, the loan % between those 2 is not that significant

none of u guys take windscreen insurance cover? i bought sum insured 1600 for mine...hehehe..kiasu

I only able to dump RM800 for my 9 years installment..u can guess how much my deposit is...is that wise choice or I should opt another car?

Which means no road side assist, tx for info.

Wanted to change the tyre too but unable to get a good value for the Nexen tyre. They offering Rm400 for 4 pcs despite brand new. Any suggestion?

If accelerate and braking alot, the fuel consumption will be definitively higher. Much depends on driving style or how jam is the route?

No right and wrong answer. Some people will prefer to dump alot of DP for lower repayment amount or shorter tenure. But to me, if you have any investment that can generate much higher return compare to the HP interest that you paying to the bank, you should get the longest tenure and the least DP for your car. Nothing beat cold hard cash in your pocket. E.g. pay only 10% DP on new car and use the balance to purchase another under con property provided that you know exactly what you are investing.

I would always say take out a max loan on the car (but dont go beyond 7 yrs tenure). Use the rest of the money and invest elsewhere. FD's are crap but there are many other options available.

But generally, i would say this. If you dont own at least 1 property and if your total earning capacity isnt at least RM8K per month, then please reconsider the Optima. Cars are a losing commodity and property (in the right location) is always the best safeguard against inflation. ALso need to take into account your other debts.

Btw, whats your definition of good salary anyway?

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Added on March 29, 2012, 6:11 pmWindscreen cover is important not just for any eventualities but also good in case you wanna change windscreen every year (but need to retint that portion as well too). Might be an option especially for those who travel alot.

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Added on March 29, 2012, 6:14 pmRM400 for 4 pieces?? That works out to be RM100 per piece? Thats really crap! Not worth changing then. Stick with it for 1 year and then change to Michelin.

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Added on March 29, 2012, 6:16 pmBro, its not about the deposit. If u can only afford a RM800 monthly installment, the Optima is well over your head. Do you own properties?

This post has been edited by cybermaster98: Mar 29 2012, 06:16 PM

Sorry. WWP is coming out tomorrow morning. Exactly 7 working days for WWN to finish. Thats really fast!

With that i can kiss goodbye to my WWR target. Maybe for the better. New target is WXA which would be sometime July/early Aug.

This post has been edited by cybermaster98: Mar 29 2012, 06:31 PM

That's what I planning now Rm100 for a brand new tyre (usage less than 100km). Sigh sigh.

Good pay means >rm5k per month

loan not approved. to be a guarantor really a pain in the ass..

i dun mind paying 500 for them...

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Added on March 29, 2012, 7:15 pmis that enough for the sunroof? might be costly. i remember some pug ones can cost over 5k...

This post has been edited by ar188: Mar 29 2012, 07:15 PM

mudah.my can get more than that...

Actually I not sure what price to expect since sell tyre online before. 225/45 R18 Nexen 99% new can sell how much? Can advise?

u buying tire or not? if so, sure can get better price wan..

Sorry to hear that. Which bank that you went?

Did you try Affin Bank?

Usually if your loan declined due to guarantor, you can appeal on it or the easiest way is by getting a guarantor yourself. When come to guarantorship, try to look someone that close to you for example, siblings or spouse. As nowadays bank are very prudent where come to HP loan, guarantorship from friends usually carry little weight.

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Added on March 29, 2012, 7:40 pmYa, I am buying Micheline PS3. The tyre shop nearby house said that trade in (RM400) / discount on my purchase of new tyre.

Sigh. Any good place to recommend? During the test ride, I noticed that the tyre sound abit noisy

This post has been edited by irangan: Mar 29 2012, 07:40 PM

Bro..kia also got road side assist la...i just got letter from naza mention about this ....btw most of the insurance company also got this service including free tow truck within certain distance..

how much the shop selling the ps3 each to you? same size 225/45/18 right?

I went to a silverstone shop. They dont carry Michelin but can order for me after placing deposit. They told me that should be around RM1k+ a piece plus installation. Didnt do anything after heard about RM400 for 4 pcs tyres.

compare ours with ur original mat



teaser pic, will upload more soon