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 After sell EV still owe bank lots of money

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acbc
post Jun 15 2025, 06:31 PM

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EV cannot take 9 year loan la. Max also 3 years only. Why? Super lousy RV that's why. Heck, even Peugeot with 5 year loan even worth it.
Drian
post Jun 15 2025, 06:34 PM

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QUOTE(pisces88 @ Jun 15 2025, 04:46 PM)
hvnt checked , but 3 yr old 54k is so tempting
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aiya at 54k , there's so little risk .
TOMEI-R
post Jun 15 2025, 06:38 PM

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QUOTE(knwong @ Jun 15 2025, 05:51 PM)
Boy96 betul ke you are financially irresponsible when buying cars
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Not financially irresponsible la... Meaning he can afford to lose money on depreciation. Most conti owners already expected that already when they opt to buy such cars.

It's only the Toyodah and Hundah, Protua, Potong owners make such fuss when trying to upgrade their car and themselves. Lol.
TSknwong
post Jun 15 2025, 06:41 PM

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QUOTE(djlake @ Jun 15 2025, 05:52 PM)
should be a learning modules in school especially for areas where b40s are the majorities.
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Financial products like trust fund needs to come with y-o-y projected value in their brochure. Can get gomen same pass law for car brochure

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linkinstreet
post Jun 15 2025, 06:41 PM

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QUOTE(hoonanoo @ Jun 15 2025, 02:58 PM)
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.
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Not only 9 year, full loan summore. gile
danielmckey
post Jun 15 2025, 06:43 PM

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Ada gaya ada amoi.
nuvi
post Jun 15 2025, 06:43 PM

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Wait, why you take 9 years loan if you planning to sell it before 9 years?
linkinstreet
post Jun 15 2025, 06:43 PM

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QUOTE(TOMEI-R @ Jun 15 2025, 06:38 PM)
Not financially irresponsible la... Meaning he can afford to lose money on depreciation. Most conti owners already expected that already when they opt to buy such cars.

It's only the Toyodah and Hundah, Protua, Potong owners make such fuss when trying to upgrade their car and themselves. Lol.
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I bought my Plotong years ago expecting it to be used way after it's been paid fully because that's how my late dad and mom would do it. When I moved to KL I was shocked about people buying car only looking for resale value
h@ksam
post Jun 15 2025, 06:44 PM

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QUOTE(Avangelice @ Jun 15 2025, 03:06 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
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take public transport la, all in buttcoin
danielmckey
post Jun 15 2025, 06:45 PM

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QUOTE(linkinstreet @ Jun 15 2025, 06:43 PM)
I bought my Plotong years ago expecting it to be used way after it's been paid fully because that's how my late dad and mom would do it. When I moved to KL I was shocked about people buying car only looking for resale value
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Financially failed people always deceived by the marketing seller.
tinkerfy
post Jun 15 2025, 06:45 PM

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Thought need to settle the loan before able to sell the car with proper transfer of owner? Why still owe the bank after selling?
TOMEI-R
post Jun 15 2025, 06:49 PM

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QUOTE(linkinstreet @ Jun 15 2025, 06:43 PM)
I bought my Plotong years ago expecting it to be used way after it's been paid fully because that's how my late dad and mom would do it. When I moved to KL I was shocked about people buying car only looking for resale value
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Because 90% of car owners look at how much their current car can be traded in so that the money can be used for the downpayment of their new car.
Some who owed the banks more than the trade in values of their cars would even ask us to do overloan on their new cars so that they can cover their current car loans.
Pain 9000
post Jun 15 2025, 06:50 PM

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with the lorry and bus on killing spree, /k please suggest a reliable and can take on the crash or even jump into parit - 90% survival.

any model below 30k please. or else cant really blame all of us for suffering in car loans.
limfreelance
post Jun 15 2025, 06:52 PM

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Pain 9000
post Jun 15 2025, 06:55 PM

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QUOTE(knwong @ Jun 15 2025, 05:51 PM)
Boy96 betul ke you are financially irresponsible when buying cars
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That fella i think many years back in /k, he got show a full stack of cash worth 1 million on the table inside a petrol station. he owns a a few petrol station iinm. Also his tv and his stereo set up that room itself 500k above. Kan? Damn young summore. That photo went viral in /k wei
Boy96
post Jun 15 2025, 06:57 PM

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QUOTE(Pain 9000 @ Jun 15 2025, 06:50 PM)
with the lorry and bus on killing spree, /k please suggest a reliable and can take on the crash or even jump into parit - 90% survival.

any model below 30k please. or else cant really blame all of us for suffering in car loans.
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Preve or Suprima, i think they are even safer than newer geely model, else, Volvo V40 or S60

Last time got people drive 180km/h the car rolled and jatuh from jambatan, driver came out scratchless

This post has been edited by Boy96: Jun 15 2025, 06:57 PM
Boy96
post Jun 15 2025, 06:58 PM

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QUOTE(Pain 9000 @ Jun 15 2025, 06:55 PM)
That fella i think many years back in /k, he got show a full stack of cash worth 1 million on the table inside a petrol station. he owns a a few petrol station iinm. Also his tv and his stereo set up that room itself 500k above. Kan? Damn young summore. That photo went viral in /k wei
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Oi that one flizzardo petrol station owner

This post has been edited by Boy96: Jun 15 2025, 07:00 PM
SUSasx26365
post Jun 15 2025, 07:00 PM

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He must be a ptptn defaulter
TSknwong
post Jun 15 2025, 07:01 PM

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QUOTE(Pain 9000 @ Jun 15 2025, 06:55 PM)
That fella i think many years back in /k, he got show a full stack of cash worth 1 million on the table inside a petrol station. he owns a a few petrol station iinm. Also his tv and his stereo set up that room itself 500k above. Kan? Damn young summore. That photo went viral in /k wei
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Ya ke? Usually people who like showing off won’t buy those boring cars and complaint maintenance leh…
SUSlurkingaround
post Jun 15 2025, 07:04 PM

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QUOTE(linkinstreet @ Jun 15 2025, 06:43 PM)
I bought my Plotong years ago expecting it to be used way after it's been paid fully because that's how my late dad and mom would do it. When I moved to KL I was shocked about people buying car only looking for resale value
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.
Just like some trendy people buy the latest iPhone every 1-2 years, they also buy the latest car model every 2-3 years = they need to buy such cars or phones with good RV or trade-in value.
....... Such trendy people can no longer do that with the latest EV car models that have no RV, esp with CCP China EV cars.

Personally, I use my Android smartphones for >4 years or until they or the OS become obsolete. Similarly for my Proton car.
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