This gutsy looking BMW 523i is taken!
These past couple of months has not been that easy going due to most of the Banks 'tightening' their loan amount given for Used and New vehicles.
Most of the units sold are with minimum 15-25% downpayment.
Strictly "No Full Financing or Full Loan" of late.
The market outlook so far this New Year is still considered slow, the people are not habitual to change their cars when the economy is slow.
And most of their present car loans still too high for them to consider changing it.
The interest rates for Malaysian-made units is still considered competitive at 3.75% for a 9 year loan. Sometime last year, those buying Proton got to pay 3.99% for a 9 year loan.
Talking about this BMW 523i we sold to Miri, it's registered in 2002. Still lookin' pretty good on the inside as well as the outside.
At the moment, MFSB is still looking for a BMW either the 320i or 318 along with Mercedes Benz C series if the prices are right. We have our clients (on standby) waiting for these units mentioned above.
This Year so far is quite interesting for us. Although some people say the market is not that 'alive' for car industry, somehow we have managed to keep our feet firmly on the ground. We try to sell smaller cars like Perodua which is still in demand into the New Year. I guess small cars will always survive any recession, don't you think?
Ok folks. A bit slow with the updates, we've been keeping ourselves busy running up and down renewing cars' insurance, 'chasing' after Bankers ...
We hope you have better days.
Do come back again.
Thank You & God Bless.
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