Hi guys, sorry for opening of new thread.

I got some question, is the bank will accept the loan application for 2nd hand car? Er..i mean if i buy directly from owner, and not from shop. But the problem is the price of the car is lower than RM10000

As far as i read, it is more easy if the we buy a 2nd hand car from a shop rite? because they got this "orang dalam" or "cable" inside the bank to arrange the loan application

i hope u guys can help me. thanks


---editted---

its year 1999, iswara 1.3a/b

This post has been edited by kurikuraX: Aug 28 2007, 02:02 PM

usually I think those insiders are paid a certain amount to get the process done. Since its less than 10k...why don't go for that instant approval loan? Not sure about the rates there though...

I can help you check ! what car mode you get ?? i have a bank car loan list to get you a rough figure how much you can borrow !!

car mode? Er...I PM u

try this AmBank Car Refinancing Calculator

RM10,000 below must be old car, right? I thought old cars won't get any loan approval? Most of them buy with cash.

Er...year 1999 car also considered as old car?

nope. only 12 years onward considered old car.

I think the value of the car might be too low for the bank to justify a loan to you.

AFAIK, 2nd hand cars below 20k value or longer than 12 years will have a hard time getting a loan

Hmm, 8 years old below RM10K.

I think is possible, but I never heard before applying for loan below RM10K.

This post has been edited by zeist: Aug 28 2007, 05:22 PM

RM10k can apply car loan...as long as the 2nd hand car is not about 10 years.

BTW, there is any loan around Rm2000+ for motorcycle ar?

So...what is the best way i can request for loan? Should i bring along the 'geran' with me?

Erm...i'll try it

thanks guys

so if cannot take car loan, why dont try for a personal loan ...

lots of bank nowdays promote those personal loans, instant approval la this la that la ... i think those will work ...

This post has been edited by earl-ku: Aug 30 2007, 02:44 PM

RM 40000
3.89% for 4 years
PBB
2004 Year Old Altis

Is it reasonable?

Can try hong leong or ambank.
I think they offer more lower interest rate.

Might be car loan up slightly,

my car loan for Camry 2.4, 2007

RM32,000
3.60% for 4 years
PBB ( haft year ago)

want to ask for a used car. Lets say toyota Altezza manufactured during year 1999 but registered in Malaysia 2005. Now is 2013. can i still get loan for a 65k car?