If not mistaken, loan agreement only last for 3 months (at least for my case lah). If within 3 months after u signed the agreement, still no car, then, u need to re-apply again.

But, what if Bank Negara rate goes up, interest rate goes up, do u get the old rate or new higher rate? Then, u will use new, higher rate if u re-apply. But, if rate fall, of course, u will get the lower rate lor....

By right, your SA should start book for your car the moment u put in deposits. Then, when about time to get delivery of your car, they will follow up (depends on SA lah) whether your loan everything in order or not, and ask u to prepare make payment to the balance of down payment, if any. Then, once confirm the loan approved, balance of down payment settled, they will release the car to u.

So, loan can take your own sweet time one, but, of course, some SA might want to wait to see loan approved only book car (especially car less in demand, exotic car), but, for common car, if your loan not approved, they just release out to next customer jer......additional paperwork lah....

Signed. Coz my loan was approved 1-2 months, verbally lah....but, since no car, i also lazy, the bank oso didn't chase. Then, after I ask, only they start to chase me to sign, but, then, car also not arrived lah....

This post has been edited by 2feidei: Nov 1 2018, 04:58 PM

This how Honda work, as what my SA told me lah........once u put down your booking fee, they will input into the system which link to Honda Malaysia lah.....then, behind scene, Honda will collect or use this info for the manufacturing planning.

Then, beginning of month (or mid, or end, not important lah, most important is timeline), they will send out car to be deliver within that month, i.e. 30 days or 3-4 weeks time lah to all dealers. Then, the dealer boss will allocate out the SA lor.......it is then up to SA want to tell u or not lah, like my SA, he called me lah, eh, Mr 2feidei, your car will be arriving xx month lah, u still want or not ah? (Reason coz I book during tax holiday period, but, car kenot arrived on time). If u want, they will continue queue for u lor, if no, then, they release it out to others lor.

Once I said ok, then, he arrange for necessary loan for me lah. All kaotim within 2-3 days, approved, but, since no car I pun relek lor......no chase agreement.

Then, 2 weeks before actual delivery, this time, they already can confirm with u, exact date u can collect your car, he will ask u settle all outstanding down payment.

So, conclusion, very high chances either your SA also don't know your current queue and estimate arrival, therefore, no tell u. Or, they roughly know, but, don't want to tell, coz later tell u jor, cannot deliver, kena from u. So, even they tell u also, they can only tell u, agak agak when arrived only, +/- 1-2 months gap

My suggestion lah, signing loan agreement is not important, it will lapse even after u sign if u don't get your car, so, u sign now or sign later, no problem. Does not mean once u sign, u start paying installment.

What's important is when u get your car. Pertaining discount, it depends lah, usually Dec discount won't be lower than Nov discount one lah, if not more. Jan 19, cannot say lah, new year jor......although still 2018 manufactured.

So, u can tell your SA (at least this what I told him lah), I don't care when car arrived, but, the discount must not lower than what I book that time, else, please auto-cancel.

So, I missed the tax free period, Oct car not arrived, but only arrived in Nov, I told him, if Nov discount lower than Oct, I will cancelled it.

No need, u just don't want take delivery of the car

Alternative, u don't sign the agreement until they can confirm specifically with engine number and chasis number printed in the loan lor

but, then, if the loan lapse, u need to re-apply again. If u ask SA do, additional work for them, but that's their role lah....if you apply your own, own legwork lor....

risk will be, will be Bank Negara change interest rate?

This post has been edited by 2feidei: Nov 1 2018, 05:29 PM

Aik....why approved initially, then, reject subsequently? Unless u got some major change in your financial, then, doubt so lah.....

Nov discount out jor. Dec not sure, but, per what SA told me, won't be lower than Nov one lah.....at least match else many will rage and cancel booking. Jan 19, nobody know.