you dont spend all cash on depreciating item. as you have figured, FD already give higher interest rate than car loan, there are others you could invest to get more interest rate. car loan would be a btter choice

there could be other investment better. but would like to know how u so sure FD never gives higher interest than car loan? i don't think there's car loan >4%

wow man, i was just asking nicely and expressing my opinion. i dont know which words of mine offended u or to imply im giving excuse to deny his reply. so for every discussion, u need to show some data (and saying mine is bullcrap, i dont even know what does bullcrap means anymore)? so according to your theory, please support on your reply with full details.

yes, i just compare to the difference of interest rate, that simple. but at least im not arrogant and rude like you, and to say you are full of shit, that's too kind word for u. kthxbai

ok sure. unlike the supersoundtinkosong reply, yours much better.

sorry coz i don't come from econs background, so my theory of interest rate is that simple. will look into it

LOL....please quote my words in which I did say i die die believe FD interest are higher than car loan? I just said i don't think car loan is more than 4%, in which u could reply that's not the case to compare in a more polite way.

i did not ignore coz i didn't read them. i was just replying my thoughts to TS and therefore, i didn't read the whole 3 pages just to reply TS and here you are replying in the wrong tone

inb4 stupid, didnt read before comment.

U better stick to the topic or u rather to have personal attack on me? coz i don't have for all these nonsense. go find someone else.

to answer your question (final reply if you keep bullshitting), would you read a topic with 100 pages before you reply? this is only 3 pages but does that mean i have to read all of them, understand them and reply to one person which is TS? coz im pretty sure my reply not for you for my first post.

like what puchongite said, moving on.

After doing some research, i still get some profit from FD over car loan but not too sure whether is worth it. Hope all sifus can enlighten me if thinks otherwise and not bashing me unlike someone #supersound.


http://loanstreet.com.my/calculator/flat-t...rest-calculator

from here (according to TS situation), i enter total loan of 35000, tenure of 5 years with 3% flat rate. Total payment is 40250 at EIR of 5.64% (i duno how they get this and how does it apply to get 40250)

so now, i used FD calculation site,
1. https://ringgitplus.com/en/fixed-deposit/
2. http://www.miniwebtool.com/fixed-deposit-c...est_frequency=0

On the 2nd site, again i enter 35000 with time period of 5 years at annual interest rate of 3.75% (simple interest - no compounding) and i get 41562.50 (same amount with ringgitplus site)

So FD maturity amount - total payment of car loan = 41562.50 - 40250.00 = 1312.5.

So from what I get, by taking car loan and invest the rest rm35k to FD, i earn rm1312.5 though not much but my point here is FD vs Car Loan interest.

And I would like to know how to get EIR p.a @ 5.64% and how does it apply because FD @ 3.75% beats the EIR @ 5.64%.

Again, I want to emphasize, this is what i get from my research, not to deny any opinions, purely for discussion and understanding.

yes, pay for car loan every month for 5 years and only can get the FD maturity amount after 5 years. But the monthly payment can be paid using own income first and then after 5 years, getting back from FD maturity amount, earn some profit. Isn't that how it supposed to be? correct me if im wrong.

If divide 5 years interest rate for car loan and FD divided to monthly without calculating in the principal:

Car loan interest: 40250-35000=5250/60 months=RM87.50
FD interest: 41562.50-35000=6562.5/60months=RM109.375


i still dont get it lol...blur guy here. care to pm me and enlighten me a lil bit.

woah....too much to take in lol.. is like everything is affecting one another if i put income variable. gonna research more. thanks sifus!

well you could actually tag me lol..yea...i think my concept is simple and generally use for many. like what Bonescythe said, it is unfair comparison and it's not effective. im starting to grasp the whole concept.