Girlgirlzz 1st Gear September 6, 2015 Share September 6, 2015 (edited) Do you take car loan or are you able to pay car in full amount one shot? Which is better when buying new car/used car - to put 50% downpayment and then the remaining 50% amount use car loan, OR pay one shot in full? What are the advantages and disadvantages? Thanks. Edited September 6, 2015 by Girlgirlzz ↡ Advertisement Link to post Share on other sites More sharing options...
Fcw75 Hypersonic September 6, 2015 Share September 6, 2015 Here we only pay car in FULL CASH. 9 Link to post Share on other sites More sharing options...
Little_prince Supersonic September 6, 2015 Share September 6, 2015 depends lah. so many factors. 2nd hand or new. usually 2-300k those kind of cheap cars just full cash lor. not so leceh mah. one small bag enough liaoz mah 7 Link to post Share on other sites More sharing options...
flashbang Turbocharged September 6, 2015 Share September 6, 2015 Over here we go down and put full payment as deposit for the car. Link to post Share on other sites More sharing options...
Pinobii Hypersonic September 6, 2015 Share September 6, 2015 Pay full cash if u can, no need to pay interests 4 Link to post Share on other sites More sharing options...
inlinesix Supersonic September 6, 2015 Share September 6, 2015 (edited) My idol T2 says pay in cash is the best. Edited September 6, 2015 by Davidtch 1 Link to post Share on other sites More sharing options...
Quirky 3rd Gear September 6, 2015 Share September 6, 2015 The troublesome thing is that car price is usually $xxx,999. So I usually bring a small bag containing the $xxx,000 cash. For the remaining $999 - I still have to re-trace my steps to pick up the spare change that has been dropping out of my pocket. depends lah. so many factors. 2nd hand or new. usually 2-300k those kind of cheap cars just full cash lor. not so leceh mah. one small bag enough liaoz mah 2 Link to post Share on other sites More sharing options...
Wt_know Supersonic September 6, 2015 Share September 6, 2015 (edited) can ... pay full cannot ... take loan if can and don't want to pay full can you generate higher return than the interest charged for the loan effective interest rate is > 5% if want to enjoy the finance rebate ... then take minimum loan as required Edited September 6, 2015 by Wt_know 1 Link to post Share on other sites More sharing options...
nazerath Turbocharged September 6, 2015 Share September 6, 2015 Full cash and ask when to collect. Dun need to wait for the silly bids, we all do this unless it's a custom Bentley, then must indent first and wait for confirmation, only then can pay in full. 4 Link to post Share on other sites More sharing options...
1fast1 Supersonic September 6, 2015 Share September 6, 2015 Sometimes I wonder if people start this kind of topic just to troll. 6 Link to post Share on other sites More sharing options...
Pinobii Hypersonic September 6, 2015 Share September 6, 2015 Sometimes I wonder if people start this kind of topic just to troll. Hello my idol, u also paid full cash for ur baby lor Link to post Share on other sites More sharing options...
Aukang 6th Gear September 6, 2015 Share September 6, 2015 Sometimes I wonder if people start this kind of topic just to troll. Actually I think they start this because they want to get trolled.... Link to post Share on other sites More sharing options...
Girlgirlzz 1st Gear September 6, 2015 Author Share September 6, 2015 (edited) Wow, I see that many people reply to this thread and say pay the full amount one shot, without taking loan. Not trolling me right?? For example a 100k standard normal car, u guys and girls also paid in full cash no joke?? Aiyoo... Really lahh.. I wanna know if usually people will pay in full cash when buying cars or they will usually take up loan? Because I heard from some of my friends that if were to pay in full one shot, then the dealers will not really care when the car is spoilt when driving for like few months or something, the warranty issues thingy. So even if they are able to pay in full, they will hold back first. Is this true?? Edited September 6, 2015 by Girlgirlzz Link to post Share on other sites More sharing options...
Benarsenal Turbocharged September 6, 2015 Share September 6, 2015 Wow, I see that many people reply to this thread and say pay the full amount one shot, without taking loan. Not trolling me right?? For example a 100k standard normal car, u guys and girls also paid in full cash no joke?? Aiyoo... Really lahh.. I wanna know if usually people will pay in full cash when buying cars or they will usually take up loan? Because I heard from some of my friends that if were to pay in full one shot, then the dealers will not really care when the car is spoilt when driving for like few months or something, the warranty issues thingy. So even if they are able to pay in full, they will hold back first. Is this true?? No such thing lah. Customer is customer. Link to post Share on other sites More sharing options...
Girlgirlzz 1st Gear September 6, 2015 Author Share September 6, 2015 No such thing lah. Customer is customer. Really? Like tt meaning it doesn't really matter if pay in full or not? Just the interest rate thats all la? Link to post Share on other sites More sharing options...
Pinobii Hypersonic September 6, 2015 Share September 6, 2015 Not true la, pay full cash is always better if you can This should not be a key consideration during car purchase If u r looking at buying used car, getting a reliable dealer is much more important. Do your research well. Wow, I see that many people reply to this thread and say pay the full amount one shot, without taking loan. Not trolling me right?? For example a 100k standard normal car, u guys and girls also paid in full cash no joke?? Aiyoo... Really lahh.. I wanna know if usually people will pay in full cash when buying cars or they will usually take up loan? Because I heard from some of my friends that if were to pay in full one shot, then the dealers will not really care when the car is spoilt when driving for like few months or something, the warranty issues thingy. So even if they are able to pay in full, they will hold back first. Is this true?? Link to post Share on other sites More sharing options...
Benarsenal Turbocharged September 6, 2015 Share September 6, 2015 Really? Like tt meaning it doesn't really matter if pay in full or not? Just the interest rate thats all la? They obviously prefer if you take loan so they can earn the bank loan commission, but they not going to stop you if you pay full cash. I mean, think about it. Someone who can pay full cash for a car, obviously has some clout, no? So how can they mistreat him? That's crazy right? 2 Link to post Share on other sites More sharing options...
nazerath Turbocharged September 6, 2015 Share September 6, 2015 Some agents ask for a few k more if paying in cash. They say the listed price is there as an incentive for taking loans. You also cannot pay more upfront as there is a minimum loan amount to take. ↡ Advertisement 7 Link to post Share on other sites More sharing options...
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