Hi,
Who knows whether Toyota Capital will use CCRIS & CTOS or not when reviewing an application? One more thing, will the loan with them be recorded in Bank Negara system? I have not so good CCRIS record and want to try other financial that dont verify with CCRIS...
thanks
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Toyota Capital
Started by
darthkir
, Sep 16 2009 09:50 AM, 4 replies to this topic
#2
Posted 16 September 2009 - 09:12 PM
QUOTE (darthkir @ Sep 16 2009, 09:50 AM) <{POST_SNAPBACK}>
Hi,
Who knows whether Toyota Capital will use CCRIS & CTOS or not when reviewing an application? One more thing, will the loan with them be recorded in Bank Negara system? I have not so good CCRIS record and want to try other financial that dont verify with CCRIS...
thanks
Who knows whether Toyota Capital will use CCRIS & CTOS or not when reviewing an application? One more thing, will the loan with them be recorded in Bank Negara system? I have not so good CCRIS record and want to try other financial that dont verify with CCRIS...
thanks
it should read as UMW capital...........
i have a friend there....... they will still checked but they are not as strict as the bank..... they do approve loan for those with not so good record but with with additional requirement like a guarantor and slightly higher interest rate... no harm ....give it a try
#3
Posted 17 September 2009 - 09:32 AM
in my knowledge, Toyota Capital is even more strict than other financiers. but, provided that one financial record is good (low exposures, good paymaster bla bla) they can even approve 100% loan of the product. Not the type of full loan for proton, naza, hyundai and such but FULL LOAN for OTR price.
example a perdana V6 price is 100K
max loan 90% @ 90K.
discounts 10K from proton and one will get full loan because discounts will never be stated in hire purchase agreements
or a proton persona with 5 models range.
cheapest 46K
medium spec 50K
highest spec is 55K
one can state he is buying high spec at 55K but actually purchased 50K car so basically he got a 100% loan.
referring to what i mentioned as FULL LOAN from Toyota Capital, they can provide 100% finance for new toyota cars purchase from UMW. for example a Toyota Rush sells at 95K. and they can approve loan at 95K but all this depends on several criteria especially salary earned and personal expenses and also commitment level.
example a perdana V6 price is 100K
max loan 90% @ 90K.
discounts 10K from proton and one will get full loan because discounts will never be stated in hire purchase agreements
or a proton persona with 5 models range.
cheapest 46K
medium spec 50K
highest spec is 55K
one can state he is buying high spec at 55K but actually purchased 50K car so basically he got a 100% loan.
referring to what i mentioned as FULL LOAN from Toyota Capital, they can provide 100% finance for new toyota cars purchase from UMW. for example a Toyota Rush sells at 95K. and they can approve loan at 95K but all this depends on several criteria especially salary earned and personal expenses and also commitment level.
#4
Posted 17 September 2009 - 06:06 PM
Yep, my colleague also used to work with UMW or Toyota Capital. They only prefer to finance high-end customers such as Altis and above range, the Vios and Avanza, they leave it to the Banks.
The thing about having a bad CRRIS is that you must be able to explain whether it was a one-off thingy or else, it would be difficult to get a bank loan. Also, Iam sure that u must have at least one Bank that u have a good record with.
The thing about having a bad CRRIS is that you must be able to explain whether it was a one-off thingy or else, it would be difficult to get a bank loan. Also, Iam sure that u must have at least one Bank that u have a good record with.
#5
Posted 18 September 2009 - 08:38 AM
for some informations on toyota capital service, click given link...
http://www.toyota.co...x.aspx?cat=loan
http://www.toyota.co...x.aspx?cat=loan