Singapore Nissan Owners Group

Nissan Car Lounge - Almera, Juke, Latio, Qashqai, Sylphy, Teana Owners => Latio => Topic started by: vortex on February 05, 2009, 01:59:31 PM

Title: Refinancing
Post by: vortex on February 05, 2009, 01:59:31 PM

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.

Title: Re: Refinancing
Post by: arias48 on February 05, 2009, 11:33:33 PM

Interested to know too..

Title: Re: Refinancing
Post by: iagree on February 06, 2009, 10:02:17 PM

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....

Title: Re: Refinancing
Post by: HumbleCar on February 07, 2009, 10:06:40 AM

Quote from: iagree on February 06, 2009, 10:02:17 PM

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.

Title: Re: Refinancing
Post by: valeon on February 07, 2009, 10:38:25 AM

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