Peqasus 1st Gear February 10, 2009 Share February 10, 2009 hey gurus, jus thinking out loud. got my car with interest at 2.5%. given the lower interest rates these days, is it worth or possible to refinance? assumption early redemption penalty + new interest MUCH LESSER THAN current interest. ↡ Advertisement Link to post Share on other sites More sharing options...
Jerms Clutched February 10, 2009 Share February 10, 2009 is the interest rates lower nowadays? Link to post Share on other sites More sharing options...
Robin 4th Gear February 10, 2009 Share February 10, 2009 now the rates are so high i still remember a few years ago when re-financing as very popular... before the banks put in re-financing restrictions/pentalties.... Link to post Share on other sites More sharing options...
Route88 2nd Gear February 10, 2009 Share February 10, 2009 I got $50,no question asked when refinancing failed. During tat time refinance is hot! Now like so quiet, i did asked an agent,she say not worth it. Link to post Share on other sites More sharing options...
Robin 4th Gear February 10, 2009 Share February 10, 2009 cos during that time we all spoil mkt liao Link to post Share on other sites More sharing options...
Route88 2nd Gear February 10, 2009 Share February 10, 2009 cos during that time we all spoil mkt liao Link to post Share on other sites More sharing options...
Marvelicious 3rd Gear February 10, 2009 Share February 10, 2009 I asked DBS last year. They told me must go below 2% for it to be worthwhile. Any updates from anyone? Link to post Share on other sites More sharing options...
Guyver 1st Gear February 10, 2009 Share February 10, 2009 I asked DBS last year. They told me must go below 2% for it to be worthwhile. Any updates from anyone? Refinancing is like balance transfer for credit card .... if your outstanding is very high .... confirm not worth it. Basically they are taking your outstanding loan .... apply with their lower interest rate and let you have some savings ... Link to post Share on other sites More sharing options...
Phang79 Neutral Newbie February 10, 2009 Share February 10, 2009 I asked DBS last year. They told me must go below 2% for it to be worthwhile. Any updates from anyone? Besides this, usually you will need to pay up your loan for at least a year because of rule 78. If not, most prob it will end up worst. Link to post Share on other sites More sharing options...
Rony1434 Neutral Newbie October 28, 2009 Share October 28, 2009 Hi all. I am thinking of getting my car refinanced. What are the interest rates now days? ↡ Advertisement Link to post Share on other sites More sharing options...
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