Car Loan »

Refinance car loan for a home

Lately, we received an email from Nong Min who is currently paying 10,000 baht (roughly US$318) for her monthly car payment. Nong Min would like to buy a house for herself but she is facing some difficulty to obtain a new home loan because the monthly car payment has taken up nearly 1/3 of her monthly income. At the same time, she doesn’t have much savings to pay the down payment for the house. She is seeking for some advices after reading one of our previous articles “Refinancing car loans …

Car Buying Guide »

What is unregistered cars and what is recon cars?

Most of the first time car buyer or inexperience buyer must have come across “unregistered car for sale” when searching for the dream car. Often, these cars tend to have attractive price and it is usually lower then new car price. What does unregistered really means and why the price is lower than new car?
Unregistered car is cars import from foreign countries and haven’t register at transportation department (JPJ) because these cars are waiting for its new owner. These cars could be new but at 99% they are all used …

Car Buying Guide »

What is “Kereta Sambung Bayar” and what are the risks of buying these cars?

“Kereta Sambung Bayar” (cars continue to pay or continue to loan the car) has gained more popular in recent years in Malaysia and some other countries. This is because more and more people are unable to pay off their credit card debt, mortgage loan, and some other loans and causing them get blacklisted in central bank. People who are blacklisted or bankrupt are not able to obtain any new or used car loan from bank. Hence, there is “Kereta Sambung Bayar”.
What is actually “Kereta Sambung Bayar” means? It is a …

Car Buying Guide, Used Cars »

Steps to buy a used car

There are steps to know when buying a used car either from private seller or direct owner. With the help of technology, many car owners can now direct upload their advertisement to the internet with little cost or totally free. This has bring a lots of freedom for shoppers to direct purchase a used car from owner without have to pay extra cost for used car dealer’s profit.
However, when there is expediency, there is difficulty. Scams could be happened when an advertising company neglects to filter out the scams advertisement. …

Car Accidents, Japan »

Most expensive exotic car crash made up by eight Ferraris, a Lamborghini, and three Mercedes

People who love cars must step into Japan once in a life time for sure to see all the exotic cars and how car enthusiasts rape their cars. Yesterday, 14 exotic cars destroyed and crashed in Japan motorway pileup, marking the most expensive exotic car crash in history with eight Ferraris, a Lamborghini, three Mercedez-Benz, a Toyota Prius, and possible a Nissan Skyline. The estimated total cost involved in the crash worth more than a million dollar.
In Japan, most of the Ferrari cost more than US$100,000 except older Ferrari 550 …