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<blockquote data-quote="ABATMAN" data-source="post: 157337" data-attributes="member: 3541">Thanks tkew !&nbsp; I am so glad someone answered !I am looking both sides now : recon new registration and 2nd hand (local)finance-wise i found that the finance company offer lower rate for the unreg recon cars caused it is deemed &quot;new&quot; and a higher rate for the 2nd hand bmws (local and recon).&nbsp; I wanted to buy from my friend, he is selling his 2000 318i recon for 117k but becoz it is considered 2nd hand the best financing i can get is 90k.&nbsp; I have to fork out around 30k !!! it is like a down payment for a house. ....then the same finance guy told me if i don&#039;t want to put up a lot, take a recon car unreg, he can give me cheaper rate, coz deemed &quot;new&quot; and for out around 12k.&nbsp; at first i tot he was trying to con me or something, then i asked the other companies apparently it is the same.&nbsp; they have 2-tier rates - new &amp; usedSorry, I am new, so please excuse my &quot;blurness&quot; :what does pekema stands for ? Persatuan something ...... ???</blockquote>

[QUOTE="ABATMAN, post: 157337, member: 3541"] Thanks tkew ! I am so glad someone answered ! I am looking both sides now : recon new registration and 2nd hand (local) finance-wise i found that the finance company offer lower rate for the unreg recon cars caused it is deemed "new" and a higher rate for the 2nd hand bmws (local and recon). I wanted to buy from my friend, he is selling his 2000 318i recon for 117k but becoz it is considered 2nd hand the best financing i can get is 90k. I have to fork out around 30k !!! it is like a down payment for a house. .... then the same finance guy told me if i don't want to put up a lot, take a recon car unreg, he can give me cheaper rate, coz deemed "new" and for out around 12k. at first i tot he was trying to con me or something, then i asked the other companies apparently it is the same. they have 2-tier rates - new & used Sorry, I am new, so please excuse my "blurness" : what does pekema stands for ? Persatuan something ...... ??? [/QUOTE]

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