Question on Car Loan

claymarble SG

Hi would like to ask the experts here a few questions on car loans~

I intend to buy a car soon and intends to take a $50,000 loan for 7 yrs.
(looking at suzuki swift or honda fit or mayb any other hatchbacks)

(if i buy a more exp car, i will simply save up a bit more & down more but would stick to my loan of 50k)

( the 7yrs is jus to save up on the interest & break even earlier)

how much does a SE normally earns with this loan figure?

& wat are the freebies i can ask 4 for this two cars without going overboard?

should i take the cash rebate or opt for refinancing? which 1 would be more worthwhile in the long run?

thks~

newbie

keithpapa SG

Have u think of shortening the loan period? Shocked

wbucket SG

For a 3k cash rebate, it is more worthwhile to stick with the loan. For other figures, need to know details for calculations.

And only tell your SE about the loan you intend to take after you want to conclude the deal. Meaning you have already gotten the freebies you want. Anyway 50k is alot to loan, and they will definitely benefit from it. So just ask for all you want, if not sucessful can just walk out.

The usual stuff are leather, sport rims, solar films, alarms and thing like that. Spoiler and sporty visor, also can if you are good.

claymarble SG

dun tink so i guess 50k over 7yrs is ard 700 mthly so its a bit tough oreadi

i look ard the banks interest rate is like 7 years is 2.2% & anything more is like 2.3 - 2.45% so i thought that 7 yrs is a comfortable time period Smile