Auto loan interest rates
Interest rate rises again for the 2nd time in the same year. Is this a Hari Raya Promotion that people are talking about? Definitely not! As you all know, if interest rate goes up, so does the monthly installment for your car loan. Added to that, loan eligibility will be an issue to those who are buying a new car, the minimum cut off point for your basic salary has to go up. To new graduates, you might need to face this issue and getting graduate scheme might be the best option for you.
| Cubic Capacity (CC) | 1-5 years | 6-7 years | 8-9 years |
| Up to 1400 CC | 4.00% | 4.15% | 4.25% |
| 1500 to 1800 CC | 3.65% | 3.90% | 4.00% |
| Above 1800 CC | 3.55% | 3.75% | 3.90% |
Last updated: 17 August 2010
As we have mentioned couple times in our previous entries, please consult with our representatives to get a better understanding of this matter. Feel free to email us at admin@mybestcardealer.com for more info.
Hi there, good info you have here. Seems like Hari Raya promotion is for the car dealer and the bank only. We customer will provide them ‘duit raya’. Want to know the car loan rate for new car like myvi, is it fix? eg: 5-year loan fix at 4% for all banks? Or any possibility any bank can give better rate? Do you have car loan rate for 2nd hand myvi for 5-year loan? which bank can give better offer? Thanks.
You are absolutely right. They are making money while we are spending money which is totally not good. But, do remember that buying a car is also one type of investment. All banks will charge you almost the same interest rate but if you are working under government or GLC and you have a “high” basic salary (above 300% of your new car monthly installment), there’s a chance for you to get lower interest rate. We as a salesman do not know how low the interest rate is going to be for each individual and all we can do is to submit your document to different major banks. Then, you’ll be provided with the information on which banks that are offering the lowest interest rates. Feel free to contact our sales executive at 019-3559448 if you are interested to purchase a new Perodua car. Take care.
I am using sentra sports 1.6cc 2008. I would like to change to NISSAN SYLPHY 2.0 (X-CVT)
How much do i pay monthly if I trade in this car. Accident free
Hi, we need to require additional information in order to be able to answer your question. Please provide us the outstanding loan balance of your current Sentra. If the market value of your car is below the oustanding balance, you need to pay the difference which might not be favorable. Please let us know if you are willing to pay any down payments for the new car as well.
If you need an immediate response, feel free to contact En. Ihsan directly at 019-3559448. We look forward to hearing from you soon.
Thank you.
Admin