My 5 Rules of Taking a Car Loan as a Car Enthusiast | EvoMalaysia.com

If you’re a car enthusiast like me, and you wish to enjoy as many cars as possible, here are some rules that I follow when getting car loans to finance my cars. I hope this video helps the car community, and feel free to contact me anytime if you wish to talk more about this!
01:39 - Rule 1: Understanding how interest rates REALLY work
06:41 - Rule 2: Maximum % of your Net Income allocated to finance cars
10:10 - Rule 3: Plan how to sell the car (if you need to let it go)
14:18 - Rule 4: Have a 3 months buffer
15:45 - Rule 5: Have a passive income to finance your cars
Car loan calculator: www.calculator.com.my/
Follow me on Instagram: / thomasyapofficial
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[@jamesongsweehin115]

Always managed my finances well, however, after listening to you and the rest of the gang, I look at car as a sense of enjoyment now, rather that a point A to point B thing. What you share is really good so that people think through you loans...and be prepared for rainy days....

[@hotpeppermovie]

Yo i love this series keep it up and subbed!

[@poovaneswaransupramaniam19]

Awesome video thomas... definitely it is the school of thought that i adhere to

[@limpei94]

This is great ! The second points, which many dont follow. 🤣

[@pratishwarankumaran2444]

An eye-opening vid 🔥

[@tommykaira8775]

Something grounded and practical from a car guy.

[@amirmambo]

Awesome stuff Thomas, information that not everyone have access to especially the younger gen or new car buyers. Keep the good stuff coming man

[@amirmisnan6211]

Thank you Thomas

[@mystvearn83]

Can you please make a followup video on best strategies on when to displose/sell a car?

[@dingweiguan8674]

nowadays, few banks did offer reducing balance method of car loan-variable rate, it can be another better option as well for car enthusiasts.

[@waionnw]

Hey Thomas! Like to hear from you about car ownership and tax savings, which may be helpful to some small business owner/ Sole prop.Regards, Jon.

[@dealman3312]

Your hair is really cool 🤙

[@PatrickMariadass]

What do you think about car rental apps like Trevo?

[@Kujam88]

Buy a m series car.

[@batosaiken283]

So honest, i love car but car is liability. Focus more on investing on assets such as gold, silver, property, etc.

[@HandsomeBoy99999]

That's the reason ppl do sambung bayar which is "illegal"😂

[@gezza1739]

The problem in MY is that you need to be earning a lot in order to own a car

[@ect8565]

racun friends and salesman : 9 yrs loan. buy now, think later.

[@nlbb373]

U borrow rm100k... Rm2500x9 = rm22500 is your total interest, no more no less. Small amount of rebate if u can repay earlier.