Cars Loan

[Guest ah_sing]

Hi all, Planning to take a car loan soon , these are some of the choices available?

 

but then from 2 wheeler to 4 wheeler anyone can advise which 1 better or are they the same ?

 

Which Car loan provides more free gift : )

 

Please advise

 

I will be going for a 10 year loan.

 

Thank you

[kawa]

wow,which co gt free gift?mostly is they give rebate,free gift gonna ask the

saleman/sale lady

[jia_yvon]

Car loan where gt gif free gift 1 ??? actually is the same la.. jzu the interest rate n the loan amount different.. but if ur income is no good, there is also no need to choose ani bank. no such thing as which bank is good n which bank is bad la bro..

[jia_yvon]

Usually all the banks offer are the same. juz see which bank is easier to loan from. why not consider GE money?

 

For new car, normally interest rate is 2.85% or 2.88%. If gt cash rebate will be 3.5% or 4% or 4.5%. for used car, interest rate will be 3.75% for 7 yrs n below, 4% for 8 yrs n above, promotion periode 3.18%, subject for minimum loan 30k. Gt those 3.5% for used car, but they will definitely reduce ur loan amount.

 

Aniway since u r getting a car, there is no need for u to worry about loan side coz the dealer whom u r buying car from will settle it for u . no worry. As well as insurance, road tax. actually there is nth for u to worry about. they onli thing to worry about is the car price izt alrite with u. haha. aniway wat car u getting?

[kawa]

G.E is nt bad,loan frm that co last time.regret that didnt loan frm it nw

anyway,i tink GE is better then DBS...

[jia_yvon]

Originally posted by kawa@May 24, 2007 04:30 am

G.E is nt bad,loan frm that co last time.regret that didnt loan frm it nw

anyway,i tink GE is better then DBS...

Ge is good as in.. erm.. not tt strict in loaning. but if 1 installment u nv pay, they tow ur car back. 3 installment nv pay, they sold the car n sue u . lol.

[Throttle]

Last time I took from DBS, now I take from GE money....

[jia_yvon]

ummm.. Reason???

[Throttle]

no reason, my loan with DBS was at 1.8% in 2004. I repaid in full then I sold my car and bot another one. The dealer has tie-up with GE money at 3.18% so i just took it for simplicity, anyway small loan only 3 yrs, maybe after a while i just pay it up. Wanted to pay full cash but dealer ask me to let him earn a bit, chin chai loh.

[jia_yvon]

ya.. currently promotion rate is 3.18%.. for 2nd hand..

[Lmodel]

At 3.18% still consider high. I know of one that is at 2.74%.

[jia_yvon]

2nd hand interest rate u can get 2.74%? which bank care to share ?

 

we talking about 2nd hand car interest rate ley..

 

1st hand car not onli 2.74%, 2.4% also can ar..

[Lmodel]

Yeah, I am indeed talking about 2.74% for used car. Btw, the rate is lower because there is no cut for the car dealer or agent. Therefore, it is more applicable if purchased via private owner.

 

Anyway, I do not think any car dealer or agent would recommend this loan for their customers' interest but without the interest of their own pocket.

 

Interest rates as follows:

Repayment Period - Flat Rate

1yr - 2.42%

2yr - 2.55%

3yr - 2.61%

4yr - 2.65%

5yr - 2.68%

6yr - 2.71%

7yr - 2.74%

[jia_yvon]

no cut ? or no commision?

[Lmodel]

no cut ? or no commision?

 

Haha it meant the same thing. Meaning they only deal direct with private buyer.

[Ian107]

Haha it meant the same thing. Meaning they only deal direct with private buyer.

 

care to share which co is that? or can you pm me? I am interested to know more...