Ah, pity you. You actually believed salesman rather than economist ?

Yes. They are absolute liars.

What if people don't buy car at all ( Total economy recession), be it Proton or other imported marques. I'm sure they are struggling like hell pushing up the sales. I never expect the price will go down absurdly, but I'm sure the potential buyer will get attractive package or lower interest rates.

If people still don't want to buy proton although it's cheap, you will know the consequences.

Ya, it's true.

Pro's = Less monthly payment burden compared to huge sum if you get 5 years repayment.

Con's = Your paying more according to yearly interest (eg: 2.9% x 9 years x loan taken ). More or less you won't realised it until you sit down and calculated back how much you already make the bank richer

Well it depends, if you have less commitment you can go for shorter duration, or else stretch it until 9 years ( I heard they gonna introduce 10 years soon ). Some say it's ridiculous , but if you want to use the same car for more than 9 years, I think it's worth it. If you want to change the car during the 9 years repayment, you can always opt for refinance. The car depreciation is same but how much you already dumped your money for the loan settlement is another thing. I'm sure people who get 5 years loan pay more than people who get 9 years loan during the first 5 years repayment. Do your math

If I'm surrounded with commitment I prefer to use the current money for profitable investment rather than tightening my stomach just to pay the huge sum every month although you're save with the interest. If you can dig up some profit more than interest you paid each year, why not

In the long run, once you gather your capital, the money should work for you, not you work for the money.

This post has been edited by igor_is300: Dec 30 2006, 10:38 AM