What is ur financer and interest rate like?

[winterinhell]

guys..i think this should be helpful for the aspiring buyers..i got my loan from BMW credit for 7 years at 2.39%..

 

[kiddo0o]

From what the SA told me that day BMW Credit usually give around 0.05% less then what Banks quote you. So if you got a quote from a Bank 2.40% then I think you should get 2.35% from BMW Credit.

However this was just me asking not confirmed I got it.

 

[ljsaw]

My car loan was approved in Aug 2012 by Affin bank, rates were 2.32%, 7 years.

 

[Pojikun]

Anyone can comment on bmw credit easy financing......? My loan repayment is rm2200 per month for 1st year... 2nd year is rm2300... And in final year have to pay lump sum rm 60k.... Any comment?

 

[dark1234]

Anyone can comment on bmw credit easy financing......? My loan repayment is rm2200 per month for 1st year... 2nd year is rm2300... And in final year have to pay lump sum rm 60k.... Any comment?

Very scared !

 

[winterinhell]

o..still got that package eh?but i guess somewhere we as borrower also win some kan?

 

[jeremy85]

According to my SA, local bank is offering better rate compare to BMW credit.

 

[ACS325i]

mine was with RHB islamic 7 years at 2.31%

 

[Ss123]

Affin bank 7 year 2.30%

 

[Pojikun]

o..still got that package eh?but i guess somewhere we as borrower also win some kan?

What do u think bro? My SA offer me this loan... The benefit is i only pay RM 9k for downpayment...... What do u think?

 

[winterinhell]

i guess thats where u kinda win..cz u dont need to fork out a lot to own that car..i guess the concept is like u lease the car from bmw credit for the loan tenure say 5 years..and after that u proly wanna sell it to other ppl..then the other buyer will have to prepare the remaining balance to pay to bmw credit either by taking another hire purchase other means..or else u might need to get another loan to supplement the remaining balance..unless if u have excess cash after the tenure then u can pay the balance..this concept is like what lexus had offered me last time..for the 200k ct200h,i only need to pay 2 months rent upfront as deposit n every month i pay like 3k for 5 years..insurance n road tax included..so after 5 years i have the option to return the car to lexus or pay the remaining balance about 80k..or sell it to 3rd person with at least the remaining value to break even..
bottomline..if u want to use ur car for short term,then its good to take the offer..cz u can save on the downpayment..
hurmm..am i correct in explaining this?

 

[jan999]

i think otherwise.

if u do it this way, the depreciation of the car is much faster than your payment. at the end of the day, when u sell, u have to fork out some money to sell the car.

 

[jackaleyess]

i think ppl should just do 5 years loan instead of 7 years. fork out more down payment for the car. u will save more in the end. 7 years is just too long.

 

[MarcoMeswara]

According to my SA, local bank is offering better rate compare to BMW credit.

Yes, I can confirm that. CIMB offered me something better than BMW Credit...I went with CIMB.

 

[winterinhell]

yup..i agree..its best to get shorter tenure..9 years is big NO..its fine to buy ur car late while saving up for the downpayment..at least after say 2 years of saving,u can get a fresh n brand new car..rather than u buy earlier,ur car will only depreciate with time..if only u can be patience while saving up ur DP..

 

[ashland]

Hi Guys,
What is the latest rate that u guys get recently n which financer?

 

[mushaini]

RHB Islamic 2.30% for 5 years

 

[splee]

Hi Guys,
What is the latest rate that u guys get recently n which financer?

Check out BMW Credit. Fast approval and competitive interest rate. Let me know if you need me to introduce a sales rep.

 

[lazzydogg]

i using BMW credit with 2.38%.... best part i did not need to produce any papers...

 

[wingzee]

i using BMW credit with 2.38%.... best part i did not need to produce any papers...

Without any papers then how do they proceed? 90% d/p?