Car Loan Calculator
Full loan vs downpayment comparison for car financing in Malaysia. Uses flat rate (p.a.). Adjust car price, interest rate, tenure, and downpayment options to compare monthly instalments and net gain.
Loan Parameters
RM
%
yr
RM
%
%
Comparison
Full Loan
DownpaymentRM 0
Loan AmountRM 100,000
Wait TimeNone
Monthly InstalmentRM 1,176
vs Full Loan/mo—
Total InterestRM 27,000
Net Gain vs Full Loan—
10% Down
DownpaymentRM 10,000
Loan AmountRM 90,000
Wait Time1yr 8mo
Monthly InstalmentRM 1,058
vs Full Loan/moRM 118 less
Total InterestRM 24,300
Net Gain vs Full LoanRM 2,700
20% Down
DownpaymentRM 20,000
Loan AmountRM 80,000
Wait Time3yr 4mo
Monthly InstalmentRM 941
vs Full Loan/moRM 235 less
Total InterestRM 21,600
Net Gain vs Full LoanRM 5,400
| Scenario | Full Loan | 10% Down | 20% Down |
|---|---|---|---|
| Downpayment | RM 0 | RM 10,000 | RM 20,000 |
| Loan Amount | RM 100,000 | RM 90,000 | RM 80,000 |
| Wait Time | None | 1yr 8mo | 3yr 4mo |
| Monthly Instalment | RM 1,176 | RM 1,058 | RM 941 |
| vs Full Loan/mo | — | RM 118 less | RM 235 less |
| Total Interest | RM 27,000 | RM 24,300 | RM 21,600 |
| Net Gain vs Full Loan | — | RM 2,700 | RM 5,400 |
Verdict
Taking a 10% downpayment saves only RM 2,700 net over 9 years — after waiting 1yr 8mo and locking away RM 10,000 upfront. A 20% downpayment saves RM 5,400 net, but requires waiting 3yr 4mo. With a full loan you drive immediately, keep your cash liquid, and the extra monthly cost is modest. Unless your savings earn zero return, the full loan or low downpayment is likely the smarter move.