Car Loan Refinancing @ 1.6%

• quartermaster

  3 Sep 04, 12:42

  Hi bros & sis,
  
  Got some information of car refinancing with UOB & DBS.
  
  For those who are interested, u can contact Jane @ 96899148 and quote pj
  
  Quote :
  
  Most car financing rates are typically between 2.2 -
  
  2.8% in the market for last couple years.
  
  ==> potential opportunity to help people save $$$ to re-finance from
  
  current high interest rate car loans to 1.6%, which is currently lowest
  
  in market.
  
  Some useful info:
  
  * 1.6% is lowest in market now. (Refinance is done through UOB or DBS)
  
  * New 1.6% re-finance agreement carries NO Prepayment Penalty (so if
  
  rates dip further, you still can re-finance w/o incurring penalty).
  
  * Finance amount < = full settlement amount (i.e. you cannot "over
  
  borrow" at cheap 1.6%).
  
  * Re-financing can be stretched to max age of your car (ie. up to 10
  
  years, so if your car is 2 years old, you can re-finance for another 8
  
  more years).
  _________________
  
  PS: I am not an agent. Just wanna spread the new.
  CheeRs
  pj
  
  
• mobitalk

  3 Sep 04, 20:35

  Originally posted by quartermaster:
  Hi bros & sis,
  
  Got some information of car refinancing with UOB & DBS.
  
  For those who are interested, u can contact Jane @ 96899148 and quote [b]pj
  
  Quote :
  
  Most car financing rates are typically between 2.2 -
  
  2.8% in the market for last couple years.
  
  ==> potential opportunity to help people save $$$ to re-finance from
  
  current high interest rate car loans to 1.6%, which is currently lowest
  
  in market.
  
  Some useful info:
  
  * 1.6% is lowest in market now. (Refinance is done through UOB or DBS)
  
  * New 1.6% re-finance agreement carries NO Prepayment Penalty (so if
  
  rates dip further, you still can re-finance w/o incurring penalty).
  
  * Finance amount < = full settlement amount (i.e. you cannot "over
  
  borrow" at cheap 1.6%).
  
  * Re-financing can be stretched to max age of your car (ie. up to 10
  
  years, so if your car is 2 years old, you can re-finance for another 8
  
  more years).
  _________________
  
  PS: I am not an agent. Just wanna spread the new.
  CheeRs
  pj
  
  [/b]

  can a used car owner go for refinancing too??
• quartermaster

  6 Sep 04, 11:11

  Hi mobitalk,
  
  "RE" financing.... it's for used cars.
  
  Just give Jane a call and she'll advise u accordingly.
  
  Hope the above help
• mini-sized

  6 Sep 04, 15:53

  Originally posted by quartermaster:

  Hi mobitalk,
  
  "RE" financing.... it's for used cars.
  
  Just give Jane a call and she'll advise u accordingly.
  
  Hope the above help

  Hello,
  
  When can re-financing applies? After 6 months of current loan? Or immediately can switch to 1.6%? My bank loan is under DBS but haven start the installment becoz car hv no collected yet....
• quartermaster

  9 Sep 04, 11:18

  Hi guys & gals
  
  I've pen my signature on the refinancing documents.
  
  Saving of $31 on my monthly loan repayment. In total, saving of $3,162-00. (outstanding no of months 102)
  
  Wat are u waiting for??