hmm indeed quite true with compounding interest, interest portion less than 5k
but u need to reconfirm with ur SA again if it is indeed compounded interest
for rate 2.6 - 2.7% most likely is flat rate unless bank want to lose against inflation,
compounding rate is usually blr - certain %

like toyota capital flexi is blr - 2%, which is 4.7% for certain toyota models
get a black and white from that nissan branch

oh yeah did they use ipad to project the interest calculation to you?

I no means buying Almera = poor people...
What is means FLEXI car loan are affordable by poor people to own better car (Almera, Vios, City, etc rather Potong)...

hence this topic is about "Car Loan"
otherwise i should flame almera owner under "Almera" topic that they are poor people but wasn't here...
If owning Almera is poor people, what the point i slap myself as i looking at Almera just now?


later i will go another quick check again with Nissan SA again and get a photo snapshot too...

Yup, they use iPad with car loan calculator apps as calculator... but i think it quite common nowsaday by using iPad, even the car show at Jalan Duta last week, a lot show girl carrying iPad... last sunday went to 1U, a car show girl pass me her iPad requested me to like their facebook page...

This post has been edited by gkl83: Nov 20 2012, 04:44 PM

affordable sound nice.....BTW i advice don use so called flexi loan..yes entry repayment was cheaper but when come to year 5-9 you will feel heavy and when u wanna sell off your car u feel burden.
this is my advice.
thks

that i have no idea, i will drop to nissan again for quick visit...

anyway, as checked and double confirmed with my colleague... he recalled the SA's iPad calculator again...
9 years total interest RM7xxx; 5 years total interest RM3xxx
anyway, the price is based on Almera, assumed is the low spec RM67k...

This post has been edited by gkl83: Nov 20 2012, 04:54 PM

haha then i know what they did
i also got an app similar like them
and it is indeed less than 5k
to verify, just make sure "flat interest" is selected and not "compounded interest"

last time i went navara got this SA also show me
i say i wan book for the navara if what he show me is true
end up he don't dare, say will verify and call me back
4 hours later only he come back and apologize, say is wrong calculation

This post has been edited by Icehart: Nov 20 2012, 04:59 PM

later will double confirm again see how they say...
hence will show them my own calculation later...

Sharing: I got loan from cimb 2.47 9 years nissan almera..

Some calculator apps r giving wrong figure

hi all..im going to buy my 1st car around next month and just found this topic..and want ask for ur opinion...im just started working around 1 month ++..my net salary is around 2.1k after deduction for kwsp and etc..i want to buy forte 1.6 sx which is 870 per months for 9 year(10% dp)..my monthly expense is around 500 per months,give parents 200 and can save around 500 per months..my salary will increase around 150 per year(working with gov)..im 22 now and stay with parents in kelantan..need opinion about my expense on car..should i buy cheaper car or just go with forte?

Same rate as me

1 month plus, sure reject case unless your parents willing to become guarantor.
For RM 870 a month, minimum also need 2.5k like that.
9 Years with korean car? Better go Myvi lah, you're still young, why want to tie your hands up to bank?

wanna ask ab hire purchase loan for used car can ask here ka? dunno where to ask...lol

1. any info on any bank on their interest rate? roughly d car will cost at rm30k, 6-7 years car.
2. let say if i intend to buy from owner, how a? wat ab if i need some money to fix some part of d vehicles? can include in d car price?
3. shud get loan 1st then onli change name n etc?

tq

yeah for forte need a guarantor..i asked for nissan almera fullspec+impul which is 89k dont need a guarantor..they said coz i work for gov..got such thing ar?guarantor also no problem for me since parents said they can be guarantor..

sorry i no experience dealing with used car before
maybe others can share
interest rate for used car starts from 3.4%

i am not sure about loan for government staff as different bank have different policies. but i do heard that government staff easier to get loan approved.
ask ur SA to advise you and then ask her/him to apply loan for you.
but why forte? why not settle for something cheaper? like persona?

This post has been edited by Icehart: Nov 20 2012, 10:00 PM

just went back to the Nissan and met the SA again and another 2 SA...
they admit that is their faults and provided the wrong figures...
they are sales executive but dont know the apps made the mistakes even though i questioned the SA this evening abt total interest...

wanna ask loan expert here
my loan is approved
car price is RM67480
DP with all the discount is RM8080
period is 7 years
the interest rates given is 2.58%

wanna ask members here, the interest rate consider low?
and how low can i request the bank to give?...i'm planning 2.5%

Is it possible to unregister a registered car and buy it as unreg and get the unreg rate?

just curious.

wads the rate from Maybank for 100K loan for 7 years?

ooo...anyway, thanks for d info though

Hey sifus, another question for all of you. What's the longest repayment period for used cars? 7 or 9 years?

New MyVi loan 25K for 5 years - interest rate 3.2% - reasonable?