Using BYD Atto 3 take 9 Year Full Loan (0 deposit) & 2.8% interest

Car value Loan balance
Year 0: RM149,800 RM149,800
Year 1: RM100,000 RM134,700
Year 2: RM78,000 Rm119,300
Year 3: RM54,000 RM103,500
Year 4: RM38,000 RM87,000
Year 5: RM30,000 RM71,000

Whoever need more than 5 year HP to buy a car = cannot afford the car.

Plain & simple.

only fools will take 9 year loan to buy EV car

shows the person does not understand the concept of EV car.

if can't afford EV car, should not buy.

is this new? or he must be a stupid

ev u also ready save up on the petrol, so u must lose something in the long run.

More than 80% car buyers do tht

expecting profit?

Any car regardless ICE or EV, if take full loan 9 year sure will have balance loan till year 7 atleast. this is not an EV thing. its the way the loan is strutured

This post has been edited by Anubis77: Jun 15 2025, 03:07 PM

9 years is actually okay for a finance savvy person when the cash you saved is invested and you make sure the returns per annum are more than the interest of the loan, at the end of the tenure you use whatever you generated to pay off the car or used in an emergency.

Then again how many Malaysians here are financial savvy

First time seeing people buying new car just to profit by reselling

This post has been edited by adbacc: Jun 15 2025, 03:08 PM

Yep. Iherg is a real estate guy so I take whatever he says with a grain of salt...

Buy car but thought it is an investment... Topkek

If you start as fresh, its forgivable to have 9 years loan.

If you work like horse and still buying new car with 9 years loan, then you should jump 14th floor when need to sell car for emergency funds.

This is provided that you have the full car price in cash savings in the first place. otherwise you will always be in deficit. no?

If they can afford >100k car
Sure they can tahan all these depreciation

Insurance kan ada ?

Tak tau buat ke?

Those who like to take full loan should realize they either pay up when they buy the car or later when they sell the car.

I always have idiots come to us and say they want full loan but want the installment at certain "affordable" amount. How much loan you take divided by how many months of installment will determine your monthly installment. I don't understand why they cannot understand that. That is called financial illiteracy I guess.

Nobody is expecting profit. But everyone is expecting to at least cover the balance of the loan.

You are totally missing the point
It doesnt matter if u take 5 year loan or 9 year loan. If you dont care about resale value, this is what happens, u lose alot of money. Buying a China EV means you dont care about RV. Whether you take 5 year or 9 year loan, u still lose a shit ton of money with china evs

Thats why when ppl say buy cars with high RV, got reason one.

This post has been edited by sexysarah1992: Jun 15 2025, 03:21 PM

We use 2.8%pa as HP interest rate for reference.

After 9 years of repayment, the effective interest rate is actually 5.15%pa.

So if one can constantly get 6% return pa from the cash he saved, that's only 0.85% of gain.

When EPF also cannot guarantee min 6% over a 9 year span.