would like to share something with everyone here. please correct me if i'm wrong.

one of my friends bought a motorbike lately, second-hand, costs around RM4K. at first he applied for the personal loan of RM6K and i'm not sure how much does the interest cost. all i know about that personal loan is that he need to pay roughly RM3++ (let's assume R300) per month for 2 years. (that's like more than 10% interested if you ask me).

then there's 1 manager that suggested a different approach for him. he suggested him to get a credit card. pay the amount that he need to pay (RM4K) and do something called credit-card-balance-transfer. from what the manager said, the interest is lower, the amount to pay is lower and it's much easier.

so, from what i can see here, for any item (tangible/non-tangible) that cost less than 6K (rough estimation), might as well try out this approach. it seems to be work better.

i'm not so sure with the full story, i personally feel it's worth sharing.