No one going for the Hong Leong MACH Cruise Control Car Loan? It is similar to housing loan whereby the interest is calculated by the remainder/balance....something like flexi housing loan.

Don't be put off by the 4-plus interest rate because at the end of the day the amount of interest paid is very close to conventional hire purchase.

Pros:
- Additional money can be put into drive account to reduce interest (capped at 30%). Eg. a 100k-plus 9yrs loan with a 30%money into drive account can save >10k in interest over conventional loan. This additional money can be withdrawn when cash is needed.
- No lock in period...meaning if strike lottery can fully settle loan anytime

Cons:
- RM 10 charge every month
- So far only MACH Hong Leong ada...I think

Not sure whether I missed other points, but those are the important ones I guess...

I dont buy lottery. Nvr once in my life 😄

ambank offer me 2.45% 7 years

i need to decide before 10 july.... get the x or not....

cant secure the rm8k dc in penang.... penang known for cut throat price

so its unfair if go ahead and buy with low dc


now on standyby will be the 2.5 cx-5 facelift but a bit too costly (172k)

or just grab a isuzu diablo

i have no particular pref. any car (high) that moves

Very good interest rate!! I get 2.58 from Pbb. Zzz
May bank offering me 2.61

How much rebate does Pg gave you? I dun think so can get rm8k rebate without event. Mine was on event. Rm7k rebate plus rm1k rebate on Navi

Feel free to discuss X-Trail 2015 at the official car club section. Haha

https://forum.lowyat.net/index.php?act=ST&f...0#entry74980553

Mine also PBB but at 2.45%

best deal la 2.45%... u got it way earlier be4 gst is it? haha

Why the not standard rate? How they determine the interest for each individual? Hmm...

from wat i know, it is depends on how the bank value your creditability and maybe other factors. not sure. have to ask bankers

Yup. I booked X Trail before launching and got it befofe GST. As for the 2.45% rate, i settled my car loan & housing loan at PBB earlier, so i suppose track record is the key factor for pricing 😀

ya i have settled my car loan with pbb previously also.

What is your rate? Should be 2.5% +/- 5bps right? Or way better?

I also settle my car earlier from pbb previously leh!

mine is 2.53%

I dunno about you all but I'm quite calculative when it comes to money. And from what I can see here you all seems to care about interest rate here too...

2.50%, 2.55%, 2.60%...the interest savings is not that much when compared against flexi type loan.

Conventional loans factored in the interest, i.e. 7 or 9 yrs interest is already factored into your loan from day one. If you wanna settle faster you may get some rebate.

Flexi type loan if you got extra money, even 50 - 100 a month will influence your total interest paid ....easily outweight your interest savings whether it's 0.1% different (2.50% from 2.60%)

I'm sure you all have heard of flexi loans vs conventional loans. Think about it.

I'm just sharing in here, it's basically up to you all


This post has been edited by OPT: Jun 19 2015, 11:29 PM

Please continue here. I am closing this one


https://forum.lowyat.net/index.php?act=ST&f...0#entry74980553