Sep 1 2011, 10:11 PM
QUOTE(chyapp @ Sep 1 2011, 09:47 PM)
Get 9 year ok liao.. dun get 5 or 7 years..
the point is you can get extra cash in hand which u can save for rainning days... this is just a CAR which is only for transport. you do not need to pay faster. coz your car is last very long unless...touchwood...u bang it.
do not pay more to the bank coz the interest is not much... unless you buy a Lamborghini which cost milllion.
even u have 10K of salary..u also should get 9 years. coz the interest is not important.. as i know you got every year bonus. no need scared.. coz i am also same situation as you do. GO FOR IT... hahahahaaa
The more DP you pay, when the time you want to sell off the car.. thats is not worth at all... Some people will say faster if you pay 5 year. but who knows within this 5 year.. you need the money for emergency? family? friend? and so on...dun do so...
you are a man, what you need more is MONEY $$$$.. dun dumped your money into the car...a steel metal...should save it for many purposed...an advice...
Totally disagree lo... If have a shorter loan, u can get a lower interest rate, if u get a lower interest rate then u can save more for future use...the point is you can get extra cash in hand which u can save for rainning days... this is just a CAR which is only for transport. you do not need to pay faster. coz your car is last very long unless...touchwood...u bang it.
do not pay more to the bank coz the interest is not much... unless you buy a Lamborghini which cost milllion.
even u have 10K of salary..u also should get 9 years. coz the interest is not important.. as i know you got every year bonus. no need scared.. coz i am also same situation as you do. GO FOR IT... hahahahaaa
The more DP you pay, when the time you want to sell off the car.. thats is not worth at all... Some people will say faster if you pay 5 year. but who knows within this 5 year.. you need the money for emergency? family? friend? and so on...dun do so...
you are a man, what you need more is MONEY $$$$.. dun dumped your money into the car...a steel metal...should save it for many purposed...an advice...
If u have a full loan with maximum 9yr period then u will pay alot unnecessary money for interest, in the end you are paying alot more than others for the very same piece of metal....
Different story if u are loaning for a property, becoz most probably the value of ur property will appreciate so its ok to stretch your loan period for a property since the appreciation value will cover the interest u paid...
Just my 1sen...
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