Higher instalments now because of interest rate increase

dugongcun

Car buyers will have to pay more in monthly instalments now that hire purchare interest rates have gone up.

Just a few months ago, banks offered interest rates at around 2.5%. Now, the rates are between 3.4% and 4.7% for new cars.

Maybank hire purchase senior manager Nor Siah Othman said the bank had experienced a drop of about 40% in car loan applications in the past two months due to higher rates.

She also advised car owners to restructure their loans to stretch the monthly payments longer after a few years of repayments if they find it a burden to service their loans.

A freelance car salesman identified only as Teo said a buyer taking a RM42,000 loan would have to pay about RM54,000 over seven years - about RM4,000 more compared to the RM50,000 paid when the interest rate was 2.7%.

AmBank group public relations manager Norlidah Abd Rahman said not all banks charged as high as 4.3%.

揑f the car bought now did not carry extended warranty under comprehensive insurance, the interest rate could be as low as 3.6% - 3.9% too,

azmanabas

i alrwady bought honda accord 2.0 n the interest is 3.82%.....

LT

statement tu cakap rate takkan turun dlm mase terdekat ni...so tak yah le berharap sgt, tambah ngn ekonomi dunia & malaysia yg tgh teruk ni. klu plan nak tukar kete, baik beli skarang le b4 naik lg tahun depan

MengkuduMasam

dah laa harga kete antara yg termahal didonia .. interast rate plak tinggi..

indah sungguh malaysiaku...

kermittx

interest keter aku 4.75%..for 9 years..   Ambank cekik darahhh..

ryosakazaki

pakai bank islam je senang. selamat :hug:

conan

kete aku dah abis bayor... selamattt

norrie

Originally posted by kermittx at 28-9-2008 10:11 AM
interest keter aku 4.75%..for 9 years..   Ambank cekik darahhh..

Keta apa ko beli ?

altimi

mesti 2nd hand.........

penyo

Hold lah dulu kalau nak beli kereta.............
Bila orang dah kurang apply loan, interest akan turun balik, biasanya mcm tu.

penyo

Originally posted by kermittx at 28-9-2008 10:11 AM
interest keter aku 4.75%..for 9 years..   Ambank cekik darahhh..

Kereta baru ke tu???

zzola

kenyataan yg terlalu sadis nak ditelan walaupon benar. Protection for Proton, the people have to pay more

nour2001

aku kesian betul dgn rakyat malaysia ni..dahlah harga kereta mahal nak bayar instalment pun sampai 9 thn ditambah lagi interest rate pun naik.....

waksir

ala kecoh la korang ni ......... aku dulu beli wira interest 5.25%. Ok je aku bayar, la ni dah abis pun hutang. Senang hati je bawak.
Yg penting, beli keta ikut kemampuan membayar bukan ikut tekak je. Kalu mampu pakai proton je, jgn nak nak merapu beli hondak or toyotak ...

kepalaLutut

nasib baik aku pakai basikal je... bayar cash lagi rm250.00

kermittx

Originally posted by norrie at 28-9-2008 10:41 AM


Keta apa ko beli ?

keter 2nd..

mrsakit

aku kena 3.15% 2nd kar gak dr public bank....
public bank lagi ok compare dgn bank2 yg lain...maybank kan dah tak stabil coz BII so paham2 ajelaa

kermittx

Originally posted by mrsakit at 28-9-2008 12:41 PM
aku kena 3.15% 2nd kar gak dr public bank....
public bank lagi ok compare dgn bank2 yg lain...maybank kan dah tak stabil coz BII so paham2 ajelaa

yg uruskan plak kompeni keter tu..

patut la ambank 2 hari jer dah lulus loan..

myohmy

member aku angkat myvi model baru kena 3.5%...rate aku waktu ambik kete 2nd...gler tol skrg...lagi mau kata Malaysia ni di tadbir dgn baik

sixfullbar

Originally posted by kermittx at 28-9-2008 12:37 PM


keter 2nd..

keta second mahal giler interest

adakah tujuan nak lindungi proton juga? ataupun nak tarik untung lebih kat kereta yg org dah belasah