Question about buying a really old car!

[jackyflc]

Heya...thnx for looking , anyways i am interested in getting this honda accord sv4 '1994 from my colleague . But from what i know is that you cant get loan for a car over 10 years from major banks. So what can i do? :cry_smile:

 

[ken yeang]

hah? 15 years is old? my car is like 30 years plus....then my car is dinosor age oredi.....

Anyway, try negotiate with your fren and settle the installment inter-personally. No need to go thru bank. Bank interest very high, even u manage to convince them and succesfully getting a loan.

 

[Cannonfodder]

You can take a loan from credit houses or you can take a personal loan from most banks. HSBC and HLB are pretty easy and fast with personal loans.

Bear in mind that interest will be much higher than a HP loan, something in the region of 7 to 10% annually.

 

[Fluffy]

erm.i think finance companies give credit loans rite?but really high interest rates.

 

[ken yeang]

You can take a loan from credit houses or you can take a personal loan from most banks. HSBC and HLB are pretty easy and fast with personal loans.

Bear in mind that interest will be much higher than a HP loan, something in the region of 7 to 10% annually.

provided that your documents are very strong....

 

[Ingolstadt]

How Much?

 

[dome zero]

yaya, the car above 10 yrs really not easy to get loan.

how much ur colleague sell?

can we ask car agent submit loan 4 us or not??? (something like buy the car from agent...) any idea abt this?

 

[KeV-TEC]

still can but hard... maybe not fully loan lo

 

[jackyflc]

he's letting go for around 30k la...we would actually want to settle it personally BUT now he owes bank just another rm10k and the average installment is 1019..so with a montly installment wif that i rather get a brand new car...so is there anything else i can do? Can he extend his loan period? plz help!

 

[jackyflc]

Any1 :cry_smile:

 

[gohkokeng]

however also dude......DO NOT borrow $$$$$ from MONEY LENDER / BIG EAR HOLE / AH LONG and such