I am looking to purchase a 2008 european sports car. The asking price is around RM210,000. I intend to put RM80,000 for the down payment and take RM130,000 loan. The car is with the dealership, I was quoted that if its a 3 year loan with Hong Leong Bank, it will be around 5.3% max and Public Bank can go for 4 years but at 6.X%
Is it normal to pay such high interest for an old second hand car? 6.X% seems quite steep. I called another used car salesman to ask for more opinion, and...
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