Hi

I am looking to buy a car from Chevrolet in Ubon Ratchathani. The dealership are offering 3.6% interest p.a. which would mean a hefty 21% over 6 years. The car value is 587k but I will end up paying close to 700k!!!

I was wondering if getting a loan from my bank instead would work out cheaper? Information I have been getting is that the banks charge the same.

Thanks

Liam

We are talking to chev and they are talking rates of less than 3%

Go with the dealership my friend....

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Try another dealership, each sets it's own interest/finance

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Try a bigger deposit to negotiate the interest down, I bought Mitsubishi and got 1.5% interest

be careful too ! as they will often lump everything up front and so there is no benefit whatsoever if you want to pay off early.

Edited August 4, 201213 yr by CharlieH

At that interest rate you are getting stooged, Chev don't even list a loan term of 6 years on their website.

http://en.chevrolet.co.th/pricing-and-offers/estimate-payments/index.html

The chev dealer we went to have 6 year terms

Beware of loans which don't allow early payoff or extra payments without penalties--they are common in Thailand especially on cars. One of my in-laws recently found that out in buying her car.

Edited August 5, 201213 yr by Pib