Originally posted by julian_lim:
hi all
if i want to convert a opc to normal car,do i have to pay cash for the conversion or i can get loan?what is the loan repayment period for it?
hope to hear some advise soon.
thanks in advance.
It's cold hard cash upfront. U can't get a loan from another bank since only 1 original log card is available. Also dun think u can increase existing loan with yr bank since the amount is locked in under the Hire Purchase Act, which i believe was done before Nov this year which prohibits u from getting re-finance.
A less attractive alternative would be to get a loan from F&M (Father & Mother) or (F&R) friends and relative.
