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?
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?
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.