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  • 1 Post By wtbhotia

car finance

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  1. #1

    car finance

    Recently, I am planning to buy the first car in hk. Since I got zero knowledge of the procedure of the car finance. Therefore, any recommendation and advice for car finance? Which bank got the better rate and service about car finance?


  2. #2

    Join Date
    Aug 2005
    Location
    Clear Water Bay (In Da Jungle)
    Posts
    9,968

    If you buy from a dealer they will arrange the finance for you, typically 5-7% interest per year, check with your own bank for a personal loan or loan from your credit card specials as they say 0% interest but charge administration fee, it might work out better.

    If you go with car finance they will keep your car registration form, they will give you a copy of it stamped certified original or along those words, also some finance companies will ask you to buy full insurance instead of 3 rd party only.

    Titus likes this.