What is ur financer and interest rate like?

[tweftfom]

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

same with me they only ask me a copy of identity card....so easy...

 

[Satrian3]

how can bro like that? may be with higher dp? i went to PBB with 30% dp....2.36%

 

[dark1234]

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

Lazzydog , you ARE VVVIP , sure no need paper.

 

[tweftfom]

dont know la how they evaluate...maybe checking your name and ic on ccris, ctos n insolvency enough alrdy

 

[honey282]

You don't have to produce any documents if you are taking a 70% loan from BMW credit
I got mine at 2.35% for an 8 year loan tenure.

 

[steviey]

I took CIMB flexi loan - with BLR -2.3%
Early settlement without any penalty. Goes up to 9 years.

 

[honey282]

I took CIMB flexi loan - with BLR -2.3%
Early settlement without any penalty. Goes up to 9 years.

Didn't know we have such flexi loan options with BLR -xx% for vehicles.

 

[steviey]

I didn't know about this either until my friend recommended this to me.

 

[ccthien]

I took CIMB flexi loan - with BLR -2.3%
Early settlement without any penalty. Goes up to 9 years.

BLR now is 6.6%, minus 2.3 is 4.3%, isn't that more expensive?

 

[honey282]

If it is true then he has the flexibility to dump in a lump sum amount to offset the interest and only withdraw when he needs the money for other purposes. If the interest is also calculated on daily rest, the high interest will become lower than normal conventional car loan interest. Correct me if i am wrong though...

 

[ccthien]

If it is true then he has the flexibility to dump in a lump sum amount to offset the interest and only withdraw when he needs the money for other purposes. If the interest is also calculated on daily rest, the high interest will become lower than normal conventional car loan interest. Correct me if i am wrong though...

Yes if its daily rest than total interest paid work out to be about the same.

 

[steviey]

Interest is calculated monthly. So once u have repayment, the interest becomes lower, comparing with fixed interest where at the end of the 9th year u are still paying the same amount for the first year. The best part is the flexibility to take out excexcess payment when u need to.

The total interest pay with this type is actually lower than fixed type, subject to no increase in blr rate

 

[Batman78]

Guys, I am planning to buy a used E90 2011 325i... Which company offer the best rates now?

 

[splee]

Guys, I am planning to buy a used E90 2011 325i... Which company offer the best rates now?

Bro Batman, it's best you check with the Bank.

 

[UDMer]

Guys, I am planning to buy a used E90 2011 325i... Which company offer the best rates now?

Affin give a very good rate but for a new vehicle ,.. not sure for a 2nd hand thou,..

 

[Batman78]

Thanks bro! Checking around but looks like around 3.3-3.45%...based on 70k loan. If take More loan then can lower interest rate.