Buying A New Car

[LemonRuski]

Okay, so I've selected the car I wish to buy & I have worked out my budget for payment...what are the steps when it comes to buying a new car in Malaysia?

1. Select car
2. Downpayment / Deposit for new car
3. Apply loan from bank
4. ..................

What exactly is NCB?
How does NCB work?
How about insurance?
What if I want to trade in my current car?

Hope to get some advice ...thx

 

[16V]

i just looking around here. i can't help you

 

[topearn]

NCB means No Claim Bonus. When U 1st start buying insurance on your car, NBC is 0%. Next year when U renew, if U did not make any claims, U will get a small NCB discount, which will get bigger and bigger as long as U did not make any claims or others a claim against your car and you are at fault. I can recall the max NCB - probably its 38%, so if your insurance cost RM1000, U only pay RM662.

Since U take a care loan, U have to take comprehensive insurance which is more expensive vs 2rd party insurance.

I think U can transfer your NCB to your new replacement car.

 

[drag_addict]

NCB means No Claim Bonus. When U 1st start buying insurance on your car, NBC is 0%. Next year when U renew, if U did not make any claims, U will get a small NCB discount, which will get bigger and bigger as long as U did not make any claims or others a claim against your car and you are at fault. I can recall the max NCB - probably its 38%, so if your insurance cost RM1000, U only pay RM662.

Since U take a care loan, U have to take comprehensive insurance which is more expensive vs 2rd party insurance.

I think U can transfer your NCB to your new replacement car.

max NCB/ NCD as they call it nowadays is at 55% after 5 years of no claim.. And yes he can transfer his NCB/ NCD to another car.. But make sure the one which u gonna transfer is the one that's gonna cost u more as no point of using the 55% for the lesser value..

 

[EvolutionZ]

Okay, so I've selected the car I wish to buy & I have worked out my budget for payment...what are the steps when it comes to buying a new car in Malaysia?

1. Select car
2. Downpayment / Deposit for new car
3. Apply loan from bank
4. ..................

What exactly is NCB?
How does NCB work?
How about insurance?
What if I want to trade in my current car?

Hope to get some advice ...thx

i can share some which i know:-

NCB/NCD - no claim bonus - rewarded to you if u did not make any damage claim over the year. it starts from 0% - 1st year
25% - 2nd year
30% - 3rd year
38.33% - 4th year
45% - 5th year
55% - 6th year (max)

so lets say yr premium is rm1000, u only need to pay rm450 plus rm10 stamp duty for yr insurance on 6th year if all this while u didnt make any damage claim.

u can buy yr insurance from any company, the NCB is transferable to any company but only valid under an individual name and name is not transferable....

trade in the car - u can get the new car's salesman or used car to value yr car, then u can estimately know yr market price for yr current car, then u can opt either to sell direct to used car or get the salesman to help u dispose it off.

by the way, u r looking for wat car? and wat car u gonna trade in?

bout loan application, usually the dealer will help u do the loan, unless they cant get the loan...shout for help..some guys here can help..:)
cheerz

 

[csl]

Go to the showroom and the salesman can answer you straight away. Talk about budget, if you have RM3k salary, you can think about buying a new national car like produa or proton which below RM60k. CKD no need to think already, because you will make your life become more difficult. There are plenty of hidden cost lies within any nice car. And, non national car (CKD or CBU) is no more problem free like what told by the ferry tales. Most people just keep ignore/hide the problem to defense their own face for having a more expensive car.

Upgrade a car is a lot more cheaper than upgrade the face.