CAR LOAN INTEREST RATE INCREASE IN MALAYSIA
PETALING JAYA: Interest rates on car loans have increased by an average of 0.25 percentage point for national cars and 0.7 percentage point for non-national makes since the overnight policy rate — the benchmark interest rate which determines banks’ lending rates — was revised upwards by 25 basis points to 2.25% in early March.
Dealers said they were already feeling the impact.
New car registrations reached 56,139 units last month, 25% higher than the same month last year, as buyers locked in their purchases before the widely-anticipated interest rate hike.
The real impact on car sales figures would probably be seen from April, according to industry players. Read More
Malaysia Car Loan | Malaysia Car
Know the Pro and Con about different Loan
There are several different ways that you can finance your car, and there are pros and cons about each of them.
Dealership
o Pros: Convenient, fast, sometimes competitive
o Cons: High pressure, usually not competitive; be prepared for a big sales push on add-ons; loans are often front-loaded. Read More
Car loans – Latest Interest Rate on 2011
Malaysia Car Dealers. Purchase your car at www.mybestcardealer.com ... 3 Responses to Car loans – Latest Interest Rate on 2011 ... Interest rates on Perodua and Proton – April 2011 · Cars – Current Stock Read More
Car Loan Interest Rates – February 2011
Car Loan Interest Rates – February 2011. 06 Feb. The lowest rate possible for imported cars (Honda, Toyota, Kia, Hyundai, etc) in Malaysia is 2.55%. ... Read More
