5 years max, installment should not exceed RM800 per month. Just fine.
Car Loan: 6 years or 9 years?, Which will you pick?
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 Aug 4 2019, 08:11 PM
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Aug 4 2019, 09:36 PM
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QUOTE(crazycrazyman @ Aug 4 2019, 08:46 PM) What about the effective interest rate that the author mentioned in the article? If need take loans up to 9 years, is already shown you can't afford to own a car, otherwise pick cheaper cars that can you comfly to own, the longer duration the loan, the more you pay the interest.I did a quick calculation. It seems 9 years has a better effective rate and it's giving youa better cash flow.  Hillary33 liked this post
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