I think you got it in reverse. The longer the repayment period, the lower the interest is.

Not sure what's the practise out there but the list shown to me shows the interest going up between 5 - 7 years based on the amount requested. May be it was already tailored based on my requirements.....

Hi guys... Not sure if anyone of you have knowledge on 2nd hand hire purchase interests rate for continental cars... Am looking around 75-85k loan for max tenure of 9years!

Hope someone can respond to this

what is the latest rate for sec hand right now? Thanks

Maybank
Loan 44k
7 years
Interest 2.57%

Good rate?

ps: I ask for lower rate but the bank say my borrow amount is too low.


This post has been edited by yushin: Nov 27 2013, 06:01 PM

Any bank provide loan for car that is more than 12 years old?

he is right actually.. in terms of annual percentage, yes lower.. but your total repayment is still much higher compare to shorter period..

I got 2.53 from maybank for 50k.. not so low I guess..

This post has been edited by eugoreez: Nov 28 2013, 10:50 AM

Got 7 yrs, 2.37, 120K from Public Bank

anybody has an idea if i loan 28k for myvi SE 1.3, repayment period 3years...
what is the bank rate going to be?

This post has been edited by dinozilla: Nov 29 2013, 11:52 AM

Public Bank 2.37%

hi, wanna ask, full loan with Maybank for proton cars, 9 years, interest rate 2.85%, is it high or normal? thx all.

2.45 for recond car 9 yrs 150k loan, public bank

I think 2.85 is normal for proton n perodua car for 9 years loan

like to check. if i want to buy a new car, is it necessary that i have to follow the showroom's agent bank recommendation. Or could I just walk in to any banks to check on their best rates and apply from there?

for used car, recently i got 2.33% 9 yrs 10% dp.. without thinking i take this loan.. oh its from HLB

Hong leong. 2.68% for recond car cost rm180k dp rm120k loan rm60k 3 years

whats the best interest rate? thinking of getting a 2nd hand 1 year old car worth 140k car with 10% DP

This post has been edited by thefryingfox: Dec 7 2013, 01:45 PM

Hi all, just want to know interest rate for Hyundai Elantra
1.6.Currently I'm just a student and my dad will pay for this
the car and my mum will be the guarantor.

The scenario
Car 98k-6k(rebate)=92k
Down payment 60k loan 32k for 5 years


Not very strong document to support because mum income
2.8k and Epf is low... Thx in advance

You are a very lucky child, be fillial to your parents in the future.

Then just buy a 60k car and don't need to loan from bank... why need to buy such an expensive car since you are just a student...