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Car Loan


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#1
genzy

Posted 10 November 2013 - 04:16 AM

genzy

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Hi Everyone , I want to buy a car .. For 65K .. My Deposit is around 2K .. My salary basic is RM1,800 .. Can i get accepted for a 65k car loan?

#2
vr2turbo

Posted 10 November 2013 - 02:22 PM

vr2turbo

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QUOTE (genzy @ Nov 10 2013, 04:16 AM) <{POST_SNAPBACK}>
Hi Everyone , I want to buy a car .. For 65K .. My Deposit is around 2K .. My salary basic is RM1,800 .. Can i get accepted for a 65k car loan?

Check with the bank. Maybe they can draw up a good deal for you....

#3
cfa

Posted 11 November 2013 - 11:31 AM

cfa

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QUOTE (genzy @ Nov 10 2013, 04:16 AM) <{POST_SNAPBACK}>
Hi Everyone , I want to buy a car .. For 65K .. My Deposit is around 2K .. My salary basic is RM1,800 .. Can i get accepted for a 65k car loan?


the honest answer is very Tough

If your basic pay is only RM1,800, the max repayment that you can afford is RM600. Unless you want a 9-year loan, you are best looking at a car that cost below RM50K, taking a loan of say RM45K.

Bear in mind, you will have other cost such as Petrol, Maintenance, Toll. Also, if u fall in love, you will need extra $$$ for dating, getting married, buying a house.

#4
vr2turbo

Posted 12 November 2013 - 08:31 AM

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QUOTE (cfa @ Nov 11 2013, 11:31 AM) <{POST_SNAPBACK}>
the honest answer is very Tough

If your basic pay is only RM1,800, the max repayment that you can afford is RM600. Unless you want a 9-year loan, you are best looking at a car that cost below RM50K, taking a loan of say RM45K.

Bear in mind, you will have other cost such as Petrol, Maintenance, Toll. Also, if u fall in love, you will need extra $$$ for dating, getting married, buying a house.

Bro. cfa, those at later date mah!...haha smile_tongue.gif

Now he kao tim is car first.... smile_big.gif