How much should i prepare?

[Linus]

wat sort of t&c from citibank ?

 

i have no lock in period or t&c with DBS. can change anytime if a better deal comes in. if u interested, can intro my contact to u. they do all the paper work for me.

[Shorty]

how do i reloan?...i now wif citibank.only 2mths owning car.when reloan need to change to another bank?

[Linus]

1st step, check if there is any terms and conditions of whether citibank lock u in for any period that u cannot switch the loan to another bank.

[Kingbowler]

what do i need to qualify for re-finance?

[Ah_veo]

assuming you paid $1k deposit & the balance in loans.....

before collecting car, muz pay 1st year insurance & 1st instalment.

 

so deposit + ins + 1st instlm = around $4-5k.

[Linus]

check whether ur present finance company/bank have any lock-in period for ur present loan.

[Topgun7557]

I have checked for Chevy under Citi refinance, owner have to hold the car for at lease 6 months before they can offer refinance.

[Linus]

then come back after 6 mths from date of initial purchase.

[Alpha]

http://www.swiftleasing.com.sg/index.aspx

was told tat when refinance adds up to same amount as i loan from OCBC

[Thanxhor]

insurance usually how much?i'm 23.

is it advisable i get some1 else older to register it?

[Alpha]

insurance should be around $2K-$3K for your age..but depends on years of driving..if u use someone older for your insurance u'll definitely save at least $1K/year on insurance

[Linus]

was told ?

 

then u can clarify and ask for actual numbers from ur source/contact.

[Alpha]

the company claims that my monthly will be same after refinancing..

[Linus]

wat company ? ur present finance company/bank ?

 

share with you.

 

1) 1st got my loan at 2.45%, paying mthly $647.00

2) re-finance at 2.35%, $641.00

3) now, 2nd re-finance at 1.8%, $622.00

 

u do the calculations. enough said.