Buying used car.

• noside

  27 Oct 07, 19:08

  Lets say im tinking of buying a used car which cost $28K with the COE till 2011. Is it ok if i take a loan with the bank so that i need not pay back the loan within 3 years?
  
  Is it worth it?
  Please advise.
• shin0bee

  1 Nov 07, 00:27

  Originally posted by noside:

  Lets say im tinking of buying a used car which cost $28K with the COE till 2011. Is it ok if i take a loan with the bank so that i need not pay back the loan within 3 years?
  
  Is it worth it?
  Please advise.

  Hi, that depends on how much u willing to down then the bank will decide how much they want to loan u and for how long.What kind of used car are u looking for, need my help? u can email me at [email protected].
  
  Regards Rick
• so_nice

  1 Nov 07, 02:45

  Originally posted by noside:

  Lets say im tinking of buying a used car which cost $28K with the COE till 2011. Is it ok if i take a loan with the bank so that i need not pay back the loan within 3 years?
  
  Is it worth it?
  Please advise.

  finance companies (note: bank usually dun do loan for coe cars) most probably would only loan u for 3 yrs or max 3.5 yrs and most likely requires u to downpayment like 2-4k.