about loan: can 11y/o E36 get loan still? if do, how many % & at what rate?

[dave2020]

hi guysjust wanna know whether can an 11y/o E36 get loan still? if do, how many % & at what rate? bcos i heard some bank can loan for car more than 10 years?the car is 1995's 318 (M)any used car field members can advise ?thanksDave

 

[KL2DC]

11 year loan on a 11 y/o car

Is it worth it bro?

 

[burn]

why not, if it's in good condition!
dave2020, cuba try calling the bank. maybe, affin, ambank...

 

[neo79]

Dave,

I assume your post here is related to your post in the 3 Series sub forum

Anyway, I have checked with some dealers and most of them says the loan is ard 5.5% to 7%, most recommended Affin, SBB, Ambank.

 

[safrul]

can get loan..dont worry. luxury continential car can get loan up to the car age 20 years old. Bank confident the car will last long, unlike japanese,korean or others, after 5 years, the door can just jatuh to the floor bila bukak pintu.

 

[AmuR]

hi hi, loan can get but the max year u can get is 4 years if you loan from hong leong, public, if 6 year you can get from ambank and SBB but with high interest, u can work way around to reduce your loan period to 4 years from this bank if you want to get lower interest..

 

[theCROW]

hmm why am i not so lucky
some bank can only give loan 70-80%
with high interest of course!
..oh and that's for '94 e36

 

[1+2=3]

hi dave, its best you talk to the banks. Its hard for us to tell you what you can get and what you can't get.. we dont know how much you earn, how much downpayment you wanna put in, all these factors can affect those figures.

btw, if you're looking at a 10year loan, for a car that costs around RM38,000-41,000.. ..well, i don't know your reasons, but are you sure you're going to be able to maintain a car like that?

 

[Rainracer]

My 94/95 e36 still got loan for 5 years. Affin bank. Interest around 6.25%.

 

[santhira]

Hi Bro..

I thinks dave statement was :-
i heard some bank can loan for car more than 10 years = car above 10 years!! and not loan for 10 years

I guess laaa... jangan marah Kalau salah...

 

[Hell Boyz]

My 94/95 e36 still got loan for 5 years. Affin bank. Interest around 6.25%.

Bro, i got mine 328i (A), 97 from a Finance Company for 5 years but 8.75% (interest)

 

[jsen]

guys, i've just come across this new scheme.. he was saying this PFS, parents financing scheme.. or wife, or brothers, or relatives or whoever u can come across.

since fd rate is so little now, y not offer it to yr family..! mayb4 at 5%.. its a win win situation to boht parties.. but make sure u are those trustworthy type...! if not, who on earth will lend u this kinda money!

its worthwhile to try though..!

 

[safrul]

hahaha very funny one jsen...

if using PFS..might end up pay half only..then later they say no need to pay lah...

 

[K.M.]

Bro, i got mine 328i (A), 97 from a Finance Company for 5 years but 8.75% (interest)

Damn high...
When i bought mine in march this year..I got 3.35% for 7 years from PBB for year 96 318i. Lower than my fren Avanza at 3.5% from Ambank which he also bought at the same time.

 

[santhira]

Hayoo!! Dam High ,
I thought myne is the highest but there are still dude out there paying more than me!!

Just Got it May 2006
Year 1994 325i..
Loan 5 years 7% AM bank.

 

[funfer_fahrer]

Hayoo!! Dam High ,
I thought myne is the highest but there are still dude out there paying more than me!!

Just Got it May 2006
Year 1994 325i..
Loan 5 years 7% AM bank.

Don't complain too much bro. Back in 1994 I bought my BRAND NEW Honda Civic and the interest rate was 6.5% for 5 years.

 

[theCROW]

Just Got it May 2006
Year 1994 325i..
Loan 5 years 7% AM bank.

you are not alone brah
same here, diff bank.

 

[hamann18]

hi...

Ambank offer 50% margin from their mkt value and their mkt value for e36 318 (M) is rm 50k. Interest rate is around 6%. Loan period 36 months.
RHB offer about 75% from their mkt value ( mkt value rm 50k ). Loan period 60 month. Make sure ur name clear from fis, ctos n ccris because they are very stricy in approving loan now.

-syam-