No More Auto Loan Installment Payment From August, 2010 Onwards!
No More Car Loan Installment Payment of RM820 from August, 2010 Onwards!
I had been waiting, waiting, waiting and finally the buyer deposited the money into our auto loan account to settle the remaining loan balance of RM12,000 this morning. Phew, what a relief!
According to the bank officer, we will get the release letter by Friday afternoon. This means the transfer of title and registration can only be done on Friday afternoon or Monday morning.
From next week onwards, our car (1996 2.2 Toyota Camry) will belong to hubby’s buddy while his car (1995 1.5 Proton Wira) will be ours. He sold his car to us for RM8,000 while we sold ours to him for RM20,000.
Starting next month, there will be no more car loan monthly installment of RM820 and yearly road tax renewal charge of RM560. It’s really a burden lifted from our shoulders.
I am so grateful to have sold the car at a reasonable price successfully. Now I am waiting to receive good news from the school for a full time job employment.
If I am employed, there will be extra RM1,000 every month to be saved as emergency fund.
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