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.

rule of thumb

Beli kereta sebab kami nak enjoy. Mantap.

Got emergency braking, got buy back. Don't worry be happy.

Who ask you no buy cash?

but that brake issue owner still need to settle his loan kan, byd wont settle his loan, but pay him a lump sum, whatever interest on the loan he has to clear by himself

The details I don't know but the way the owner framed it or BYD framed it, it sure sounds like BYD is settling the amount with the financier directly for the buy back.

i dont understand the argument that after u sell the car u still have to topup to pay loan

it's simple maths, depreciation over time vs amount paid over time plus interest over time

i mean, duh, u r stretching it up to 9 years, if it's the same as 5 years loan then why dun everyone max out loan duration

plus since when anyone ever promise that if u sell something u will have extra cash in hand after paying off loan?

This post has been edited by Knnbuccb: Jun 15 2025, 04:12 PM

In /k also got many of such talks like 'buy car why see rv', 'if i wan rv i wont buy car', 'only sohai see rv when buy car', 'buy car must see driver feel, not rv' and etc. All full of cocks until they themselves kena lowball when want sell their car, then come /k cry father mother

The resale value is real? As in I can buy a 3 year old atto 3 for 54k?

The new atto is 120k+. 6 yrs warranty. 8 yrs free service. I will definitely wan to buy a 3year atto at 54k .

There are stories from the internet that claim you can keep changing car by trading in car after x year with 9 years loan.

Buy tesla with 0% lo

so they say EV are like smartphones, use and dump.

first time I learn that emergency fund comes from selling a car.

Unless you have the mindset of buying a car and can accept full depreciation value like one of our forummer Boy96, then EV is definitely not for you. If you noticed our friend here buys all the "cold" cars like Ford and VW and yes the mentioned BYD Atto. Basically he doesn't mind the depreciation that comes with it.

2 year old , 80k can.

Full loan + 9year ... congrats, ur life achivement is unlock.

Mana dpt statistic?

hvnt checked , but 3 yr old 54k is so tempting

effective interest rate is ~5.15%pa; depreciation ~10%pa; how to level up ?

Jalan kaki dan naik bas sajalah.....jimat giler!!!!!

If can be more than 9yrs sure majority takes.
Income GDP fr msians already so low ,less than 3.5k/mth, suppose afford axia level only

Dah kaya Masih nak komplen.

my first car city
take 9 years loan

until year 7 i kenot afford ad
sell it and buy civic, loan balance 18k, sold it at 35k
continue 9 years loan again

Were they expecting that they would be selling the car at a higher price than the price they bought it for?

This is the delusion that EV owners are facing. They think that buying an EV = higher status, higher caste, gives them the edge over non-EVs.

They continuously paint themselves as higher status where, if a property has an EV charger = higher status property, and thus would reel in more expensive clients, and/or upgrade the prop as higher standards.

Fact is, it's just like every other salesman out there, pakai air liur cakap. No scientific data to back up such claim, nor is there anything proven by data.

Most EV owners are delusional, syiok sendiri, and feels and thinks highly of themselves, padahal they are only driving an enlarged battery-powered toy car with degrading battery life over time.

Best.

Banks & their shareholders love ppl like u.

salesman like customer like me

.
Kan dah kata, "EV is a CCP China money scam."

Seems some CCP lovers in /k are T20 and do not mind being scammed by CCP China = their motherland(.?), eg even if CCP China EV cars have no RV, CCP China phones have no quality, etc
.

Head no big, no wear big hat, buy 2nd hand BYD atto 3 lah. Buy 1 year old atto 3 already saves RM50k. 2 year old at half price.

This post has been edited by Penamer: Jun 15 2025, 05:38 PM

Why ev is higher status? So cheap and better specs than ICE car

If need more than 5 years loan, better buy cheaper more affordable car. Live within your means lah.

This post has been edited by Capt. Marble: Jun 15 2025, 05:40 PM

Delulu soya lanjiao and some in /k maintain you no buy ev you still stupid.

This post has been edited by dickybird: Jun 15 2025, 05:48 PM

Expecting downpayment for new car. Kek these guys are in for a rude awakening.

Boy96 betul ke you are financially irresponsible when buying cars

This post has been edited by knwong: Jun 15 2025, 05:53 PM

should be a learning modules in school especially for areas where b40s are the majorities.

Dunno ayam keep cars more than 10 years anyways

More like the depreciation is inconsequential to him

That would tell you the state of his finances

So irresponsible or his head big enough to wear the hat

Wisdom /k ayam once say

Gross salary x 12 months = car u can buy base on the total amount gross salary annually.

Got people buy bezza 9 years loan jual at carsome after 1 year just need topup 2k something

Why they don't buy cash?

Pijot also, and he complained his "cold" cars often broke down and their repair costs very high. Hence he changed to EV car.
.
Will you be able to keep your BYD Atto 3 for >10 years.? - because got CCP China news reports that some BYD EV cars have battery degradtion of about 5% or more per year (indicated by shortening maximum range) but BYD China refused to honor their battery warranty.
....... IOW, "pakai buang" like CCP China smartphones.
.

This post has been edited by lurkingaround: Jun 15 2025, 06:16 PM

My petrol usage in kuching per week. Myr 60 half tank fill. That's how little I drive in this city.

60 x 4 weeks = 240 myr
240 myr x 12 months. 2880 myr per annum.

Battery life of byd?

This is the following from other thread

BYD Atto 3: RM22,835 total cost, or RM3,262 per year on average
Chery Omoda E5: RM23,031 total cost, or RM3,290 per year on average
GWM Ora Good Cat 500 Ultra: RM18,047 total cost, or RM2,578 per year on average
BYD Seal Performance: RM31,148 total cost, or RM4,450 per year on average

In short.... Ice still wins with petrol subsidy. Only change when goverment remove subsidy

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.

aiya at 54k , there's so little risk .

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.

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

Not only 9 year, full loan summore. gile

Ada gaya ada amoi.

Wait, why you take 9 years loan if you planning to sell it before 9 years?

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

take public transport la, all in buttcoin

Financially failed people always deceived by the marketing seller.

Thought need to settle the loan before able to sell the car with proper transfer of owner? Why still owe the bank after selling?

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.

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.

rule numbar 1
Gaya mesti adooooooo

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

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

Oi that one flizzardo petrol station owner

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

He must be a ptptn defaulter

Ya ke? Usually people who like showing off won’t buy those boring cars and complaint maintenance leh…

.
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.
.

oh ya ke..sorry boss. Preve and volvo takut laa the repair

I dunno la but it seems like a trend to buy and sell car to earn profit nowadays.

Not sure how they do it but when I want to sell any of my car, I don’t get back the money I paid it seems.

Yup. Thats why ppl who never kena before will never understand how important RV is.

After kena one shit RV car where they need to topup, they will forever stick to Japanese cars

Conti/ Japanese cars u lose money ok lah. They are so good to drive. Besides Japanese cars u lose little money

China cars u lose money is damn sohai. Shit to drive summore lose more money than conti cars

When buy car, need to look for good resale value, cannot simply buy, then regret later.

Actually EV car is not like other cars. No resale value. Might as well take 9 year loan and use until the car dies.

all ccp / ev car don't cry till they wanna sell

the cheat code is the very very dangerous motorbike. after saving up, the Malaysian dream is the Kar....!we need the Kar!!!!

Vs... the public transport is super nice... we do not need to be in debt with Kar loan!!!!

Yaaa very worth itttt

Treat it like ccp android hp would be right.

Yesterday visit showroom the SA told me take 9 years loan with 2% interest rate for EV car.

I just layan lol

kek ur one of the funnier mods
did u recently become a parent?
i notice i vibe with the jokes that parents make pretty easily

Depends on rate whether worth or not. I took 9 year loan for my Tesla at 2% rate or effectively 3.7%. I have the cash to pay direct but figured that there are much better uses elsewhere for it.

What car brand?

Seems not everyone is smart.