maybank car auction

When it comes to shopping for a car, terms like reconditioned cars and certified pre-owned (CPO) cars get tossed around a fair bit. On paper, both CPO and reconditioned (recond) cars are very similar – both are cheaper than a new car, allowing the buyer to save some money. But that’s where the similarities end, as they are world’s apart once you look closer. Recond cars – good on paper, but buyers beware While it may seem tempting to save RM 40k to RM 50k on a recond car versus a brand-new car,

Eric

Apr 23, 2020

If you haven’t heard yet, Bermaz Auto Bhd, the distributor of Mazda cars, have taken over the distributorship of Peugeot along with the management of Citroen and DS’s aftersales services. The first item of their agenda to revive the Peugeot brand is to target the aftersales service. In a report by Maybank Investment Bank Research, Berjaya Auto Alliance Sdn Bhd (BAASB) - the new joint venture company formed by Bermaz Auto and Berjaya Corp to take over the distributorship of brands under Groupe PS

Jerrica

Dec 4, 2020

The Ministry of Finance (MoF) has set up a committee to study various revenue enhancing measures including the possibility of reintroducing the Goods and Services Tax (GST) and imposing new taxes like carbon tax. In a note from Maybank Investment Bank (Maybank IB) Research, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz was quoted as saying that MoF is also analysing other aspects of the taxing system. Amongst them included analysing weaknesses in the current tax regime and impact of new t

Jerrica

Nov 23, 2020

A very rare English Proton Satria Neo rally car is for sale on Motorsports Auction for 85,000 GBP. Unlike the Satria Neo S2000 rally car, this Satria Neo runs a British-made engine – the 2,500 Millington Diamond Engine. Specifically, the 2,500 cc Millington Diamond series 2+. The history of the Millington Engines dates all the way back to 1971 with Roy Millington working on diesel engines of the family farm. The first diamond engines are based on the 4-cylinder Cosworth YB engine. Roy Millington

Arif

Jun 23, 2020

Remember Proton's electric vehicle (EV) project? Today, we found out that Proton was putting up models such as the Proton Saga EV, Proton Iriz EV, and even the Proton EMAS concept car up for auction. This following last week's auction of historic concepts and prototypes. UPDATE: The Proton EMAS concept car has been withdrawn from the auction. Thumbs up to Proton! It's impossible for a manufacturer to keep every protoype/concept car, but the EMAS deserves a spot in the museum. Today's auction was

CY Foong

Jul 22, 2020

Toyota Harrier Alongside the Toyota Alphard/Vellfire, the Toyota Harrier is an immensely popular luxury SUV. Part of the reason why the Harrier is so popular is the lack of competition – it has no direct rival either from Honda or Nissan. But the question remains – should you buy a cheap reconditioned (recond) unit or pay up for an officially-imported unit by UMW Toyota Motor? Let’s take a closer look at the pros and cons. Prices – Recond is cheaper, but for a good reason Prices start from RM 24

Eric

May 9, 2020

Dalam keadaan ekonomi negara yang sedang bergelut dengan impak pandemik yang melanda dunia, beberapa langkah seperti kajian mendalam akan dijalankan bagi memperkasakan peningkatan hasil negara disamping pemulihan ekonomi. Menurut Maybank Investment Bank (Maybank IB) Research, Kementerian Kewangan Malaysia telah menubuhkan satu jawatankuasa untuk mengkaji pelbagai langkah peningkatan hasil negara dan ia akan melibatkan beberapa sektor dan industri. Memetik dari dialog dengan Menteri Kewangan Teng

Mersita

Nov 23, 2020

Yes, you read the title correctly – we’ve compiled a list of 6 cars you should buy recond over official units. For those who have been following us would know that we don’t usually recommend recond cars, but for this post, we’ll make an exception. But before we get started, we should clarify the misconception that recond car are better equipped than local spec cars isn’t true. Companies like Toyota and Mercedes-Benz have been fitting their cars with generous safety equipment, matching or even su

Eric

Aug 22, 2020

Even though Mitsubishi Motors announced that it will not pull out of the European market after all, that does not mean it is completely smooth sailing for the Three Diamonds brand. Mitsubishi Motors (MMC) United Kingdom is liquidating its heritage fleet and as a result, 14 vehicles from their collection are up for grabs at an auction. Also read: Mitsubishi will save their European presence by rebadging Renaults According to the listing, the Mitsubishi Heritage Fleet auction will begin on 1-April

CY Foong

Mar 18, 2021

A global pandemic and signs of an impending economic depression are already slamming the automotive industry five ways to Thursday. Car sales are down, people are losing their jobs, and businesses are going bankrupt. We may be a meal away from financial Armageddon, which for some means it is a good time as any to buy an old Honda Civic Type R for RM300,000. Wait, what? That isn’t a lone case. More recently somebody bought a Mugen Civic Type R for half a million Ringgit. If that wasn’t brave enou

Daniel

Aug 9, 2020

Although it is only October, Mitsubishi Malaysia has already kicked off their annual year-end sales campaign with low interest rates of 0.88%. The special low interest offer is available on the Triton VGT Adventure X, Triton VGT AT Premium, and Triton VGT MT Premium. This offer is exclusive to customers purchasing their Tritons via Maybank or Public Bank. If you’re not purchasing your car from either of the banks mentioned, fret not as Mitsubishi also has cash rebates of up to RM 10,000 up for o

Jerrica

Oct 17, 2019

There's no doubt that the Toyota Alphard (and its Vellfire twin) is the best luxury MPV on the market. Few other cars can match the Alphard/Vellfire's spaciousness and ease of entrace/exit. Compared to a Mercedes-Benz S-Class, the Alphard's sliding doors allow you to step in/out of the car as if it's a room, rather than a car. The only question left is whether to buy a cheap reconditioned (recond) unit or pay up for an officially-imported unit by UMW Toyota Motor? Let’s take a closer look at the

Eric

May 2, 2020

Nampak gayanya langkah kerajaan dalam memperkenalkan inisiatif pengecualian cukai jualan bagi kereta CKD yang berlangsung dari 15 Jun hingga 31 Disember 2020 memberi impak yang agak besar terhadap corak perbelanjaan rakyat Malaysia. Menurut laporan The Edge, jumlah yang dibelanjakan rakyat Malaysia secara domestik menggunakan kad kredit meningkat hampir sekali ganda - RM 10.205 bilion pada bulan Julai tahun ini berbanding RM 5.3 bilion pada bulan April. Kadar ini menunjukkan yang perbelanjaan ka

Mersita

Oct 1, 2020

Recently, we ran a couple of stories on Proton auctioning off some of their older cars - including the Proton Wira PERT. A few articles down the line and with netizens’ support, a number of sought-after models were withdrawn from auction. That said, the Wira PERT was still sold - thankfully with a happy end. Mfa Bob, the new owner of the rallying Wira, recently shared on Facebook that he would be restoring the car to its former glory. PERT stands for Petronas Eon Racing Team and was founded in t

Sanjay

Jul 27, 2020

Amidst all the buzz surrounding last week’s Proton EV auction, there was one very interesting model. It was a turbocharged 1.3-litre Proton Iriz with a 6-speed manual transmission. The Proton Iriz is a formidable rival to the Perodua Myvi with great handling but hampered by the uninspired Punch CVT gearbox. While the Iriz is available with a manual transmission, the 95 PS 1.3-litre isn’t really hot hatch material and the 109 PS 1.6-litre manual variant has been discontinued for quite some time.

CY Foong

Jul 27, 2020

Who here remembers Proton Eon Racing Team (PERT) that was formed in the late 1980s? It may not be familiar to some of you but they were the ones that laid the foundation for Proton R3 - which stands for Race, Rally and Research. The name’s a clue to its history. Starting out with circuit racing, the PERT team made headways into rally before reaching their pinnacle sometime in 2002 - winning the FIA Production Car World Rally Championship title, thanks to “Flying Sikh” Karamjit Singh and co-drive

Sanjay

Jul 13, 2020

Today is Friday, Sep. 19 Keep yourself up-to-date with 2020 Toyota GR Supra A90 Edition! Local News JPJ to auction Mercedes and 104 more cars, starting from RM50 JPJ (Jabatan Pengangkutan Jalan) is putting on a second auction this year. The auction will start at 9 a.m. on the 25th of September(next week), in Perak. A total of 105 confiscated vehicles (81 cars, 20 motorcycles, 3 vans and a lorry) will be put on auction for as low as RM50 starting bid, including: Toyota Wish Mercedes Benz BMW Suba

Tasia

Sep 20, 2019

The Honda Civic EK9 Type R will be turning 25. That means this JDM legend from the nineties is turning into a classic soon – yeah, we are feeling old. We’ve seen news of Toyota A80 Supras and Honda Integra DC2 Type Rs going for six figures at auctions in America. However, since the EK9 is still below the 25-year import rule, that means we won’t be seeing wild prices for them. Until now. According to OZM Auto Auction, a fresh-looking Honda Civic EK9 Type R in black with a mileage of only 2,549 km

CY Foong

Jul 19, 2020

“The interest is calculated based on the principal sum and not the remaining balance, that’s crazy!” That was the conversation I had a car company executive who has just been transferred from Europe to Malaysia. The topic of increasingly long loan tenures for auto loans is also becoming a concern in the US but how long is too long for them? 7-year tenure auto loans now make up 20 percent of total US car loans – more than twice as many compared to 10 years ago. To many financial experts in the US

Hans

Jul 17, 2020

Sunway is further paving the path in innovative parking lots with the preview of their new Smart Parking system within Sunway City. Sunway has always been in the lead when it comes to making their parking lots more accessible. The company was one of the first to adopt the lighting indication system a few years ago. Now the new integrated license plate recognition system will see Sunway City’s parking lot go entirely cashless and ticket-less. This is a massive step towards reducing the parking lo

Jerrica

Oct 31, 2019

Proton had auctioned off some of its concept prototypes and rally cars in an unprecedented move on its automotive history. Thankfully, some of them have been pulled out from the auction by Proton. Some of these prototypes and university creations probably deserved the scrap but there were some which should be preserved. Apart from the PERTs and the Petronas E01-powered cars, the one that stood out in the list was a pair of Satria Cabriolets. While the United Kingdom was the prime export market f

CY Foong

Jul 21, 2020

Want that dream car of yours but can’t afford to buy new? The used car market is one solution. If you are shopping for a used car, here are the list of things that you should look out for. 1. Check paintwork, body panels, engine bay, and underneath of the car First impression matters. The outlook of the car is what makes you attracted to it in the first place, so naturally, this will be the first thing you should look at. Always inspect the car in daylight, because the sun's reflection can tell

Zamil Syaheer

May 15, 2020

TC Euro Cars (TCEC), the sole franchise holder of Renault vehicles in Malaysia, has announced a clearance campaign offering up to 90 percent savings on selected parts for selected vehicles starting 1 November till 31 December 2020 or while stock lasts. On top of the special offer on parts, customers who choose to replace or install the purchased parts at Renault authorised service centres will receive the following benefits: Fifty percent (50%) discount on labour charges, free inspection and fre

Shaun

Nov 4, 2020

Yesterday, we published an article where we found the Proton EMAS concept car among the EV prototypes that were sold off in another Proton-themed auction. While it was heart-breaking to see this once glorious concept car in such a sad state, it's a good thing that Proton decided to withdraw it from the auction. So, what makes the Proton EMAS so deserving to be restored? Let’s rewind back to 2010; South Africa hosted the World Cup for the first time in the African continent, Kanye West released h

CY Foong

Jul 23, 2020

Volkswagen Passenger Cars Malaysia (VPCM) and art powerhouse Wei-Ling Gallery today announced a collaboration in conjunction of the launch of the all-new 2020 Volkswagen Arteon R-Line, featuring the talents of 13 Malaysian artists. This collaboration offers collectors and art enthusiasts the unique opportunity to own scale models of the Arteon that have been transformed by the artists into unique sculptures. The art pieces will be sold via auction, and proceeds from the auction will be channelle

Jerrica

Sep 26, 2020

With just 5 km on the odometer on this Toyota Raize, it is possible that one very unlucky owner got rear-ended just after taking delivery. These crashed photos of the Toyota Raize were shared by Twitter use @taku531531, which shows the B-segment SUV with a crushed front and rear end. Judging from the photos, the frontal impact was severe enough to deploy both front airbags. Furthermore, the rear end also sustained some damage, though the severity of the damage is unknown. While the damage may ap

Eric

Apr 27, 2020

Prior to the return of Suzuki in Malaysia, those who wanted to buy the fourth-generation (ZC33S) Suzuki Swift Sport had to resort to reconditioned units, as recond dealers have been selling that model since 2019. But that will soon change, as Suzuki has returned to Malaysia under Naza. In the process, the company has introduced the fourth-generation (ZC33S) Swift Sport in Malaysia. So, the question is: now that potential buyers have the option of a reconditioned unit or a brand-new unit, which i

Eric

Apr 9, 2021

When the 200 PS Toyota 86 was first launched in Malaysia in 2012, its asking price was RM 243,000 for the manual, and RM 249,000 for the automatic variant. For a supposedly affordable sports car, its pricing in Malaysia is hardly affordable at all. The more powerful (220 PS), more practical Volkswagen Golf GTI Mk7 can be had for about RM17k less, at RM 227,888. Toyota 86 UMW Toyota then introduced the facelifted 86 in 2017. There were some minor upgrades but prices went up further, to RM 257,502

Zamil Syaheer

May 16, 2020

The Malaysian Trades Union Congress (MTUC) is urging the Ministry of Finance (MoF) and Bank Negara Malaysia to compel banks to extend the deferment of loans for another six months. The current 6-month moratorium was announced back in March when the first stage of the Movement Control Order (MCO) was enforced in an effort to prevent the spread of the pandemic. With all activities and businesses put on pause, many people were either forced to take massive pay cuts, go on unpaid leaves by employers

Jerrica

Jul 7, 2020

The Toyota GR Yaris is an exclusive hot hatch with only 25,000 units being produced worldwide. Sadly, it appears there’s one less in the world with this sorry sight of a GR Yaris that’s been trashed with only 1,048 km of mileage! According to data from a Japanese salvage auction site, this was a First Edition variant. Looking at the bodywork, it appears to be a total loss with both the front and back of the hot hatch completely ruined. Car enthusiasts would be so disappointed to see the fate of

CY Foong

Jan 21, 2021