Choose car loan wisely

"Hire purchase interest rates for new non-national cars (such as Toyota and Nissan) have increased to 3.25% for loan tenures of five years and below, 3.4% for six to seven years and 3.5% for eight- to nine-year loans." - The Star, Yvonne & Elaine.

Starting from yesterday, all non-national cars purchase are charged 1-1.5% higher. Reason? We'll ask the banks.

Answer:
Nothing much to say, just to have some buffer gainst credit crunch. We also want to 'cari makan'.

For more info on the exercise, visit ABM website.

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