Your Current Car Financing
-
Car price (incl. COE):
Amount upfronted:
Loan type and interest rate:
Period of loan:
Monthly repayments (incl. interest):
--
I upfronted entire amount on my current car; but would like to see how fellow forumers are currently financing their cars. Would greatly aid my next purchase to see how much I can comfortably afford on my salary. -
Come on fellas ... I know there are heaps of kids in this forum, but I also know there are a some car owners (not drivers) here as well.
EDIT: Don't need to know car make/model - only interested in the financials behind your purchase. -
I never drive..
But my family all cars are already fully paid for... -
Fully paid for that means you've fully serviced the loan? Or did you upfront the entire amount as I did?Originally posted by soulwinner:I never drive..
But my family all cars are already fully paid for...
If former, can provide details?
I've looked at some bank sites re: car loan but as you know, alot of the dealers out there have special rates going on with banks. -
yea..i also wish to know...
-
Car price (incl. COE): -56000
Amount upfronted: - 7000
Loan type and interest rate: - forgotten
Period of loan: - 10 yrs
Monthly repayments (incl. interest): 551 -
Car price (incl. COE): $67,000
Amount upfronted: $20,000
Loan type and interest rate: 1.8%
Period of loan: 7 yrs
Monthly repayments (incl. interest): $610 plus minus -
Car price (incl. COE): 55,331
Amount upfronted: 25,331
Loan type and interest rate: 2.8%, no cashback
Period of loan: 7 years
Monthly repayments (incl. interest): 427
Actually my upfront was also a loan... but that was a interest-free loan courtesy of my company. So I effectively pay 427 + 310 per month. 310 being my interest-free monthly repayments. -
Can you provide more details with regard to your loan?Originally posted by tetsumi:Car price (incl. COE): $67,000
Amount upfronted: $20,000
Loan type and interest rate: 1.8%
Period of loan: 7 yrs
Monthly repayments (incl. interest): $610 plus minus
Is this a special rate jointly provided by some company with banks/dealers? I have heard that IBM has special loan rates for their senior execs with Lexus or other manufacturers ... something along those lines ... not sure if it's true ... -
nope... not special rate..Originally posted by rmyfrm:Can you provide more details with regard to your loan?
Is this a special rate jointly provided by some company with banks/dealers? I have heard that IBM has special loan rates for their senior execs with Lexus or other manufacturers ... something along those lines ... not sure if it's true ...
i rem that time was 2.2% then forgot wat free for how many yrs... end up worked out to be 1.8% for the 7 yrs. -
Car price (incl. COE): 64000
Amount upfronted: 16000
Loan type and interest rate: 2.75% HSBC
Period of loan: 10yrs
Monthly repayments (incl. interest): 508 -
Car price (incl. COE): $42,000
Amount upfronted: $12,000
Loan type and interest rate: 2.85% DBS
Period of loan: 7yrs
Monthly repayments (incl. interest): $424 -
threw approximately $35,000 at Borneo Motors
at simple interest 2.5% per annum for 2 years i took a $20,000 loan... but taking it, Borneo Motors gave me a $2,000 discount.. thing is, the interest is $1,000 so i paid $1,000 less...
not too bad.. actually wanted to upfront the whole thing but take a loan, i get a $1,000 total discount!
-
now loan interest so low onli?? i thought i saw 3.25 or 3.5???
-
Car price (incl. COE): around $150,000
Amount upfronted: $50,000
Loan type and interest rate: cannot remember
Period of loan: 10 yrs
Monthly repayments (incl. interest): $1500 -
Car price (incl. COE): around $49888
Amount upfronted: $2888
Loan type and interest rate: Interest rebate - $3888
Period of loan: 10 yrs
Monthly repayments (incl. interest): $536