This is real true hidden story for Malaysian,
The Hidden True Story on How Expensive to Buy a a Car in Malaysia 2018
Buying a car in Malaysia is almost equivalent to buying a property. Most of the citizen who live in Malaysia earn between RM2000 to RM5000 for the past 10 years, and a B-segment cars would cost them between RM40,000 to RM150,000, depending on the brands and variant of the car models.
Most of us, including myself would take car loan that tie us down at least 7-9 years, and that is almost a decade A CAR!
In our Malaysia bank system, our banks will access our financial capability before release the car loan for us. They will ensure we have sufficient income to pay for the car loan by at least 1/3 our of total income for the next couple of years! Paying half ways and sell off the cars are very common over here because some people just couldn’t afford to continue paying for the cars.
Let me know what you guys think about this statement? And please share this posts to your pals who own expensive car too.
Facebook Comments