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Require Advise for a car loan for a used car

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kingajit
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Require Advise for a car loan for a used car

Post by kingajit » Mon, 04 Aug 2008 6:15 am

Hello friends,
I am buying a used Avante 8 months old OPC , 3000km ,from my friend who is migrating out of singapore. Its going to be my first car. I need advice on how to get a car loan for a used car and which bank will give the lowest interest rate in the market.
Is the process of car transfer and car loan best when done via a qualified agent or can it be done by oneself?
Could you help me search for a bank which is offering low interest rate or recommend any agent for a smooth transfer. My friend is leaving in 2 weeks time so I am short on time.
How long does the whole process take?
Thanking you in anticipation for your good advice.
Cheers

stylezmind
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Joined: Thu, 07 Aug 2008 3:42 pm

hei there

Post by stylezmind » Thu, 07 Aug 2008 6:43 pm

It is possible for you to do that. You just need to get a hire purchase loan from banks and pay the transfer to lta and also get an insurance. Currently, the lowest interest from banks is 2.68 from UOB if your taking no more than 70% loan.Cheers

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