Is it true that bank will default spouse as first guarantor if you are married?

How are the loans here so low? I've recently asked around for Inspira 2010-2012 , the highest I've seen was 6% interest rate over 7 years. I'm a first car buyer so i'm surveying around , didn't know the final price over the listed price on Mudah/Carlist can vary that much too.

Any car shifu will to shed some light to a newbie?

1 . Loans from bank can choose by yourself or by dealer only? If yes , how so? Ask around , got website to check?
Usually, used car dealers prefer to go with their panel banks & branches. Banks do not simply take any used car loan application unless that used car dealer is under their panel. Banks need to do some due diligence on the background of the dealer before they can do business with them for obvious reason. In the past, banks have even blacklisted some used car dealers for frauds. So the rules for used car dealers are more stringent compared to new cars, because for new cars , banks can always refer to the principal / franchise holder.


2. How much is "too much" or "cheap" when buying a 2nd hand car? Like 26800 , final OTR became 31000 with a rate of 4.3% over 7 years. That's too over or normal? I'm guessing normal , asked a lot of dealers their mark up seems to be ranging to thousands of ringgits.
Of course, for this, you need to do your survey. The final price and the car condition are 2 considerations. As a consumer, you need to find the best of the 2 factors. There is nothing wrong or right in the final analysis, just the best deal.


3. The only way to get good deals are just direct owner?

A small update on this matter, you might correct about this. Before the car was registered under my name, I talked to the salesman and told him I am quite unhappy with the arrangement, he said maybe he can do something about it, then a day later he came back with a PBB contract @ 3.28% for 7 years (20k loan out of 39k), and told me he will cancel the CIMB loan on my behalf.

I just signed the PBB loan today and is now waiting to confirm my CIMB loan is cancelled. I think this rate is much more reasonable. (saved like ~1k out of nowhere)

that is quite low.. i know banks who offers 2.1X% rate usually is variable rate

what is the criteria to get this low?

2.24% 9 yrs for Mazda, loan RM80k, HLB. Is it ok?

I highly appreciate the reply , what about 1.5k nett salary ?

For someone who is retired with investment income, how to get loan?

Thank you so much for the reply but I still got on last question ,
me mom has a job and payslip , but i have a job but no payslip , is there any way to proof my income without a payslip ?

My job company seems new so they're unable to provide me my payslip , my salary is 1500 , my mom's salary is 1200 .

Guarantor must be a relative? And can be Malaysian working in Singapore?

Will it be difficult to get loan approval if work for foreign country company but staying at Msia?

What if salary is credited to foreign bank account?

Hi guys, for a 4-5 years old car. 2016-2017 can still get 9 years loan right?

Try foreign banks like Citi, HSBC, Standard Charted, UOB etc... I have friends working oversea, most unable to get mortgage loan, some not even credit card from local banks but no problem with the foreign banks. Interest rate is higher though. Not sure if car loan iis the same.