You guys are making the wrong assumption here, car loan interest in Malaysia is calculated with a SIMPLE interest formula (which is higher than the interest rate we usually see), NOT SAME with the Maybank 4.0% FD rate which is calculated with an AMORTIZATION formula (which is the interest we're used to seeing). An advertised car loan interest rate of 2.84% is equivalent to 5.225% when using the same interest rate base as your Maybank FD (aka the TRUE interest rate). So it's still not worth it to take a longer loan IF your investment return is based on FD 4.0% (because 5.225%>4.0%). It's only worth taking up the longest loan IF you can beat the 5.225% (e.g. the right unit trust or direct investment in shares).

Why is Malaysia car loan interest calculated this way that is different from housing loan or FD you might ask? To mislead people is the only reason I can think of.

You can perform the calculations yourself with these two websites:
http://www.calculator.com.my/car-loan#.V9JbHfp942w (Malaysia Car Loan Calculator)
http://www.calculator.net/interest-rate-ca...25.71&x=43&y=13 (Calculator to Obtain the TRUE interest rate of car loan, to get the interest rate you need to monthly installment you calculate from the Malaysia Car Loan Calculator).

If you want to know about more about car loan SIMPLE interest formula: https://www.imoney.my/articles/calculate-car-loan

This post has been edited by Shaderiko: Sep 9 2016, 02:57 PM

Schedule to get the car next week, seems like this week impossible to get. Pretty sure proton only manufacture manual persona when only got the booking

You have ordered manual variant? Check PM

Yes, you are right.. the car loan calculate base on "Flat rate" for the period of loan while FD/GIA gives "Effective Rate"... So, at the end of day , better to dump cash if you want to save on the interest..

No pm received?

Can't wait for your persona manual review..

Persona Manual got stock info from insider. So push SA. SA very lazy one. Call we care.

jus test drove the persona MT, and its quite smooth for the manual variant compared to the premium one, actually gt improved alot for cvt engine, but still...a little bit delay...

and i have paid 300 for booking the manual variant !!! excited man!!

Argh manual not available at COSE today, and need to postpone next week.

Where you test driven the manual bro? Really eager to try it wei lol

Already placed my booking for Premium version and bank approved, but have to wait 2 weeks to get car as the Graphite Grey one is the most requested color.

Despite Proton's bad reputation, i decided to take the plunge as the price is really nice for the features you get in the Premium version. Tested it out last week and the ride and handling is nice, its more comfortable and spacious than Honda Jazz which i also tested out. The only thing I disliked was the CVT lag when accelerating from a stopped position, need to get use to that. Hopefully i don't get the infamous Proton QC problems like the windows in the past.

Already got my plate no WD XXX F, registered on 9/9. Asked my SA when will get the car, she insisted next week. Anything I should consider when collecting the car? eta the mileage? the new car should be clock below 10KM only right?

Once warranty finish you could install pivot 3-drive from Japan. There are other brands and models, but I recommended this model brand since I'm using 1 and the quality is really good.

This product is a throttle controller which you could set to increase the response (faster acceleration) or make it laggier to have a good fuel consumption.

Wah how come buy proton again?
Decided to purchase this new persona.? End of the month new saga incoming yo

Already booked Standard variant. Asked my SA to submit to Kuwait Finance House. Hoping some good news by next week.

poor man no choice punya lo

not decided yet. may not get it in the end; regardless still good to try it out and have a conclusion of the manual persona.
saga not interested, 1.3 while persona 1.6

b segment persona is already cramped as it is, i can't imagine saga lol

Just sign agreement on loan
29k with 3.26% for 5yrs public bank
Consider high?
Keep asking my sa the delivery date but he seems not confident to give me an exact period thou.
What free gift I should ask from sa?

3-drive · COMPACT ma?

You sure it's bigger than the jazz?

What version did you get?

previous gen persona have ample space for front ...
however, depends on your requirements, still single, so, i dont think u will use rear side, except for balik kampung
of course u cant compare with inspira la...
i think better if u buy another inspira manual yo.

for car loan, the shorter the period, the interest would be higher (except for special case/promotion)

3drive compact is the cheapest, however im using 3drive alpha.. along with the cruise control. since my car cheapjin doesnt come with cruise control