UMW Toyota Motor Sdn Bhd (UMWT), the distributor of Toyota and Lexus vehicles in Malaysia today announced new prices for its vehicles beginning 15 June 2020, following the incentives provided to the Malaysian automotive industry announced by the Prime Minister.“Toyota vehicles are now more affordable than ever. Customers should take this opportunity to upgrade or purchase a new Toyota. All relief from the new tax structure have been factored into the new pricing, considered in the best int

Effective 15-June until 31-December 2020, the government will completely waive the 10 percent sales tax for locally-assembled (CKD) cars. Imported cars will still need to pay sales tax, but only at half of the original rate, at 5 percent.Some companies like Perodua have since announced that they will be absorbing the sales tax from today 15-June. Many banks have also reduced their interest rates.Whether should you buy a car now or not is a different topic altogether. There’s a Malay saying

UMW Toyota Motor Sdn Bhd announces special term financing for graduates to get a brand new Toyota Vios, Yaris and Avanza in collaboration with Maybank Islamic Berhad. The Murabahah Vehicle Term Financing-i (MVTF-i), in accordance with the Murabahah principles, will provide an additional financing option to the graduates besides the Islamic Hire-Purchase (HP) financing in accordance with Al Ijarah Thumma Al-Bai (AITAB). This financing package is only available in Peninsular Malaysia.Mur