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Full Payment without Loan

MadDog70

By MadDog70,
in General Car Discussion

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singcheng

singcheng

2nd Gear

During the car show was told by the Hyundai sales that if by cash, less benefits than to take some loan and pay it up by a year or so. No penalty but less benefits. Mazda 6 also seems to be more “beneficial” to take at least a bit. 1 year. I remember something like that, not sure if it have changed.

 

I don’t think they charge a so called benefit, just less value in return.

 

any idea what "benefits"?

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Throttle2

Throttle2

Supersonic

U have come to the right forum.

 

Many Bros here got their cars without loans

 

So we (including me) =P all can share with you our experiences.

 

Welcome to the exclusive full cash club

 

Oh btw.. The president of this club is T2.

Ooooi @friendstar you kah my pager?

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Keithchue

Keithchue

5th Gear

@keithchue... Any insights??

 

 

I take full loan one leh....

 

I guess all have their cons, I only know that the sales person wil be the best person to advise.

 

sometimes take a small min. loan maybe better

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nazerath

nazerath

Turbocharged

any idea what "benefits"?

Benefits that equals to cost savings, like a few k cheaper or freebies. One PI I called said minimum 5 year loan.

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Atrecord

Atrecord

Supersonic

Saw this thread. Anyone can advise without loan, between c&c, kah motor, komoco motors, which one offer the best deal? I.e. no penalty, still give freebies, etc.

 

KM and KMC allow no loan and still dun charge penalty.

 

C&C will charge penalty, i think $2k

 

But if not taking loans, then SE gets less commission, and will be less inclined to give freebies out of pocket.

 

Note that some freebies are given by the ADs (like car cams, solar films being the common ones), while the SEs could try to entice customers by giving maybe car mat, or better cams (eg. gives 2-ch instead of the 1-ch given by AD), etc.

 

And if you're evaluating the freebies, one word of advice: if you are given car cam and solar films, ask them what model and grade one? Many models are crappy ones...

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Ysc3

Ysc3

Twincharged
(edited)

KM and KMC allow no loan and still dun charge penalty.

 

C&C will charge penalty, i think $2k

 

But if not taking loans, then SE gets less commission, and will be less inclined to give freebies out of pocket.

 

Note that some freebies are given by the ADs (like car cams, solar films being the common ones), while the SEs could try to entice customers by giving maybe car mat, or better cams (eg. gives 2-ch instead of the 1-ch given by AD), etc.

 

And if you're evaluating the freebies, one word of advice: if you are given car cam and solar films, ask them what model and grade one? Many models are crappy ones...

my friend bought shuttle from his FRIEND ... told him will put pioneer HU in the car .... but end up some china brand instead ...

 

Edited by Ysc3
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sHy3r

sHy3r

4th Gear

Free things or cheap things don't come good.

 

:)

 

Never in my life ever see people buy a discount car with high end products freebies. 

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Atrecord

Atrecord

Supersonic

my friend bought shuttle from his FRIEND ... told him will put pioneer HU in the car .... but end up some china brand instead ...

 

wah lao... this type of friend...

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adrianty

adrianty

1st Gear

KM and KMC allow no loan and still dun charge penalty.

 

C&C will charge penalty, i think $2k

 

But if not taking loans, then SE gets less commission, and will be less inclined to give freebies out of pocket.

 

Note that some freebies are given by the ADs (like car cams, solar films being the common ones), while the SEs could try to entice customers by giving maybe car mat, or better cams (eg. gives 2-ch instead of the 1-ch given by AD), etc.

 

And if you're evaluating the freebies, one word of advice: if you are given car cam and solar films, ask them what model and grade one? Many models are crappy ones...

Yes the c&c se told me bank will charge penalty 2k for 1 year loan. Am considering to buy kia cerato, honda jazz/city/civic, hyundai elantra. Hence, asking the question. Like some bro said objective is to save on interest but if take a bit loan the cost savings can cover the interest, it's still worth considering.
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Staff69

Staff69

Hypersonic
(edited)

for purchase with no loan, just need to settle with AD or dealer

 

once the payments is cleared, they will e transfer the name to your name or company name for my case

 

guess the main reason for paying in full is to minimize liabilities for the company and save on interest

 

should we decided to take loans for business expansion, full ownership of vehicles becomes an asset as we have minimum liability

 

usually after the completion of transaction, lta will send you a letter notifies the company that you have full ownership of the vehicle and the parf

 

 

post-131345-0-55811800-1533894600_thumb.jpg

 

 

 

 

usually we stick to 1 or 2 dealers that have done business with us

 

so we still get the full.perks even thou we takes no loan

 

guess, loyalty does has it benefits

Edited by Staff69
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singcheng

singcheng

2nd Gear

Yes the c&c se told me bank will charge penalty 2k for 1 year loan. Am considering to buy kia cerato, honda jazz/city/civic, hyundai elantra. Hence, asking the question. Like some bro said objective is to save on interest but if take a bit loan the cost savings can cover the interest, it's still worth considering.

 

same here...

are you considering PI?

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Atrecord

Atrecord

Supersonic

Yes the c&c se told me bank will charge penalty 2k for 1 year loan. Am considering to buy kia cerato, honda jazz/city/civic, hyundai elantra. Hence, asking the question. Like some bro said objective is to save on interest but if take a bit loan the cost savings can cover the interest, it's still worth considering.

 

yup, most dealers all v pragmatic ones, tell you straight they earn comm from banks, so if no comm, car price will go up.

 

you should also ask on what is the min loan amount and period to get their 'best price/deal', and calculate how much is the interest payable if you take loan. Factor in any penalty if you wanna redeem early, then compare whether worth it or not.

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Inlinefour

Inlinefour

Twincharged

Saw this thread. Anyone can advise without loan, between c&c, kah motor, komoco motors, which one offer the best deal? I.e. no penalty, still give freebies, etc.

For PML...extended warranty, service inclusive and 3M film gone

 

Full cash payment for RRP no topup ...freebies are ACE dashcam, All weather mat, overtrade depends on model plus welcome gift of $100

 

I think quite fair cos some AD required topping up RRP plus no freebies at all only basic 3 yr 100k km warranty

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