Refinancing

[vortex]

Most of us are being tied to the TCM's selective banks for the financing of our cars. The tie down period is 2 years.

Compare at that time where interest rate is about 2.88% (can't really remember), what is the bank rate now ? It would be a good time to switch the finance company, and I understand that some will pay for the penalty on our behalf. Any bros can advise ? It may not be a great saving but every cents count now.

[arias48]

Interested to know too..

[iagree]

hi all

refinancing?
not so easy to get as banks are tightening their loans liaoooo

btw, one more thing, fyi, UOB Bank does not allow Refinancing for New Nissan Latio... they oni allow "resale" car... refinancing....

[HumbleCar]

hi all

refinancing?
not so easy to get as banks are tightening their loans liaoooo

btw, one more thing, fyi, UOB Bank does not allow Refinancing for New Nissan Latio... they oni allow "resale" car... refinancing....

If UOB does not allow refinancing for new car, what about arrangement for re-financing with another bank?  Don't think UOB can stop that, right?  But the interest rebate is based on that formula but less off 20%.  Since cannot get the full interest rebate, got to do sums carefully to see worth it or not.

[valeon]

I think the current interest rate is higher than 2.88%.