What’s the minimum salary needed / monthly repayment for the 2022 Perodua Myvi facelift?

Arvind · Nov 18, 2021 09:10 PM

What’s the minimum salary needed / monthly repayment for the 2022 Perodua Myvi facelift? 01

Ladies and gentlemen, the wait is over, the 2022 Perodua Myvi facelift is finally here, bigger and better than ever.

The new Myvi – internally codenamed D51A – now brings to the fore a range of aesthetic improvements, updated ADAS features – and for the first time, a Dual-mode CVT-type automatic transmission that promises better fuel economy and refinement.

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What’s the minimum salary needed / monthly repayment for the 2022 Perodua Myvi facelift? 01

Also read: a Malaysia launch in November, better than Iriz’s CVT, new 2022 Perodua Myvi D-CVT explained

Five variants are available, priced between RM 45.7k for the Myvi 1.3 G and rise to RM 58.8k for the range-topping 1.5 AV. Courtesy of improved features, all variants of the Myvi now cost more than their respective pre-facelift counterparts.  

Also read: Launched in Malaysia: 2022 Perodua Myvi facelift - From RM 45k – 58k, CVT, PSDA

What’s the minimum salary needed / monthly repayment for the 2022 Perodua Myvi facelift? 02

Thus the question on the minds of many Malaysian looking to get their hands on one will be what’s the minimum salary what's the minimum salary needed in order to apply for a loan, and how much would I be paying every month in instalments? Well, let’s check it out.

How much do I need to make?

What’s the minimum salary needed / monthly repayment for the 2022 Perodua Myvi facelift? 03

First, let’s take a look at the exacting prices of each variant, OTR without insurance, along with the minimum 10 percent downpayment for each variant. 

2022 Perodua Myvi facelift variant price
Variant  Price (RM) Downpayment (RM)
1.3 G 45,700 4,570
1.3 G (with ASA 3.0) 47,700 4,770
1.5 X 49,900 4,990
1.5 H 53,900 5,390
1.5 AV 58,800 5,880

Let's examine the cheapest variant of the new Myvi, the 1.3 G, as an example.

Assuming a typical downpayment of 10 percent factoring in an interest rate of 3.3 percent (which is normal for national vehicles) – you are looking at a monthly instalment of RM 494 per month with a 9-year loan.

What’s the minimum salary needed / monthly repayment for the 2022 Perodua Myvi facelift? 04

Based on the recommended guideline that you should not be paying more than 20 percent of your monthly salary on your car's monthly repayment, that's a minimum net salary of around RM 2,470 a month.

With the cost of insurance, maintenance, tyres, and other associated running costs factored in, your car-related expenses should not exceed 30 percent of your monthly salary.

What’s the minimum salary needed / monthly repayment for the 2022 Perodua Myvi facelift? 05

Thus, if we factor in an additional 10 percent for running costs – you are looking at approximately RM 750 per month to comfortably own and drive a new Myvi (with a 9-year loan).

However, if you want the top-of-the-range Myvi 1.5 that comes with all the bells and whistles including the Perodua Active Smart Drive Assist (PSDA) which includes active cruise control and Rear Cross Traffic Alert (RCTA), that will set you back RM 58,800.

What’s the minimum salary needed / monthly repayment for the 2022 Perodua Myvi facelift? 06

Calculated from the aforementioned factors, you’ll need to put aside around RM 640 per month (9-year loan tenure) for monthly repayment. In other words, you’ll need to earn a minimum net salary of RM 3,200 a month.

What’s the minimum salary needed / monthly repayment for the 2022 Perodua Myvi facelift? 07

To summarise, the table bellows lists the monthly instalments, by variant of the 2022 Perodua Myvi facelift for 5-, 7-, and 9-year tenures. As before we assume an interest rate of 3.3 percent.

5-year monthly installment
Variant  Price (RM) Monthly payment (RM)
1.3 G 45,700 799
1.3 G (with ASA 3.0) 47,700 834
1.5 X 49,900 872
1.5 H 53,900 942
1.5 AV 58,800 1,028
7-year monthly installment
Variant  Price (RM) Monthly payment (RM)
1.3 G 45,700 603
1.3 G (with ASA 3.0) 47,700 629
1.5 X 49,900 658
1.5 H 53,900 711
1.5 AV 58,800 776
9-year monthly installment
Variant  Price (RM) Monthly payment (RM)
1.3 G 45,700 494
1.3 G (with ASA 3.0) 47,700 516
1.5 X 49,900 539
1.5 H 53,900 583
1.5 AV 58,800 636

Interest rates are subject to change. Given our current situation, interest rates are very low but do check with your dealer or respective banks for the most attractive offers.

Also, note that the current prices are exempted from SST, valid till 30-June 2022.

Also read: Perodua: Hybrids best for Malaysians, Perodua Ativa Hybrid being studied

Also read: 3,000 bookings for 2022 Perodua Myvi facelift in just 1 week, launching in 2 days

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Arvind

Senior Writer

Arvind can't remember a time when he didn't wheel around a HotWheels car. This love evolved into an interest in Tamiya and RC cars and finally the real deal 1:1 scale stuff. Passion finally lead to formal training in Mechanical Engineering. Instead of the bigger picture, he obsesses with the final drive ratio and spring rates of cars and spends the weekends wondering why a Perodua Myvi is so fast.

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