Car loan (First time car buyer)

[papi smith]

Seems good enough to me, more so if it comes with AON, I assume the car is worth 1M. Participation seems to fit the 1/2 of 1% of insured amount standard.

[ericb]

Seems good enough to me, more so if it comes with AON, I assume the car is worth 1M. Participation seems to fit the 1/2 of 1% of insured amount standard.

Yes Sir, they gave me a sample form (though the car is different, the price is the one closest to my car of choice) with the computation of participation fees and insurance and it says there that insurance for 2nd and 3rd year comes with AON (will need to make sure with the bank though). Thank you for the response.

[adoratflorencia]

[QUOTE=ericb;2730725]Yes Sir, they gave me a sample form (though the car is different, the price is the one closest to my car of choice) with the computation of participation fees and insurance and it says there that insurance for 2nd and 3rd year comes with AON (will need to make sure with the bank though).

I was told CPA is one if not the biggest insurers in Hong Kong. I talked to my bank about it, planning to subscribe. And their price is reasonable. Good enough for me.