minimum salary for car loan malaysia
UMW Toyota Motor has just announced the official prices of the 2021 Toyota Innova facelift in Malaysia. Prices start from RM 111,622 for the entry-level Innova 2.0 E variant and tops out at RM 129,667 for the Innova 2.0 X variant. Although there is a slight increase in prices across the board for the updated Innova, it is justifiable as UMWT has improved the safety and features of its people mover. Now, you might be thinking what’s the minimum salary needed in order to apply for a loan. Well, yo
Ever since spyshots of the all-new Nissan Almera started surfacing late last year, the hype started building up for ETCM’s newest B-segment sedan. Fast forward to November and ETCM has revealed prices of its highly-anticipated model. In this article, we will take a closer look and see how much you need to make each month before you should apply for a loan to purchase the all-new Nissan Almera. How much do I need to make? The all-new Nissan Almera has a starting price of RM 79,906 (on the road, w
UMW Toyota Motor has just released the official prices for the 2021 Toyota Vios facelift and the prices are nothing short of appealing. Starting from RM 74,623 for the base Vios 1.5 J, it is only RM 430 more than the base Honda City 1.5 S. As appealing as the prices are for the Vios facelift, you might be wondering what's the minimum salary needed in order to apply for a loan. Well, you've come to the right place as we will show you how much is the minimum monthly salary required to purchase the
The highly-anticipated 2020 Proton X50 is finally here, after several preview sessions held across the country. With prices starting from RM 79,200 for the Proton X50 1.5T Standard, it sure does look like a tempting deal, but is your salary enough to sign that loan? Let’s find out more in this article. How much do I need to make? Starting things off is the entry-level Proton X50 1.5T Standard (RM 79,200, on the road, without insurance), the monthly repayment is roughly RM 800 a month, given a 2.
Just recently, official prices of the 2021 Toyota Yaris have been released. It is priced from RM 70,940 onwards for the base Yaris 1.5 J, before topping out at RM 84,808 for the Yaris 1.5 G. Currently, the Yaris competes against the Honda Jazz, but it will be replaced with the Honda City Hatchback in 2021. In this article, we will take a closer look and see how much you need to make each month before you should apply for a loan to purchase the Toyota Yaris. How much do I need to make? The Toyota
The Toyota Yaris nameplate isn’t exactly new in Malaysia, as it was first introduced here back in 2006 before getting discontinued a couple of year later. Fast forward to 2019 and UMW Toyota Motor reintroduced the Toyota Yaris in Malaysia, this time based on the NSP151-generation Toyota Vios. In this article, we will take a closer look and see how much you need to make each month before you can apply for a loan to purchase and maintain a Toyota Yaris. How much do I need to make? Starting things
Mitsubishi Motors Malaysia recently released the prices of the 2020 Mitsubishi Xpander, a model that will compete directly against the Honda BR-V, Perodua Aruz, and Toyota Rush. In this article, we will take a closer look and see how much you need to make each month before you should apply for a loan to purchase the Mitsubishi Xpander. How much do I need to make? The Mitsubishi Xpander has a starting price of RM 91,358 (on the road, without insurance), meaning that the monthly repayment is rough
Just recently, Mitsubishi Motors Malaysia (MMM) introduced the new 2021 Mitsubishi Triton Athlete. It is priced at RM 141,500, on-the-road, without insurance. At RM 141,500, the Mitsubishi Triton Athlete is priced right smack in the price range of the Toyota Hilux and Ford Ranger. Question is, what’s the minimum salary you need before you can apply for a loan? Also Read: Priced from RM 141k, the 2021 Mitsubishi Triton Athlete could run rings around the Hilux Rogue How much do I need to make? The
Ever since Honda Malaysia introduced the tenth-generation Honda Civic a few years ago, it proved to be a very popular model. The facelifted Civic was introduced earlier this year, keeping it fresh for a couple more years. It's an aspirational car for a lot of young buyers, attracting many who can barely afford the car. So in this article, we will take a look and see how much you need to earn before you can afford to buy and maintain a Honda Civic. Taking the entry-level Civic 1.8 S (RM 109,326,
A couple of weeks ago, Honda Malaysia finally launched the all-new 2020 Honda City, replacing the GM6-generation model that was introduced back in 2014. Unlike the aspirational Honda Civic, the Honda City is aimed a more price-conscious crowd. In this article, we will take a look and see how much you need to earn before you can buy and maintain a Honda City. How much do I need to make? Take for example the entry-spec Honda City 1.5 S (RM 74,191, on the road, excluding insurance), the monthly rep
In 1949, the loan tenure for a VW Beetle was 12 months with an interest rate of 9 % per annum. Things have changed. In Malaysia today, car loan tenures are usually of 5,7, or even 9 years with interest rates hovering around 3% per annum (calculated on principal). Cars are getting more expensive and are almost impossible to purchase without using a loan. But is taking a car loan a bad financial decision? Well, it depends on your financial circumstances (mainly your income), how much you benefit f
Proton’s commerce company, Proton Commerce Sdn Bhd (PCSB), has a new campaign to help fresh graduates purchase their first cars. Under the campaign, fresh grads can purchase a Proton with low Hire Purchase (HP) loan rates. The Fresh Graduate Campaign is designed to help address one of the key mobility issues graduates face when buying their first cars. Many graduates tend to get rejected when applying for an HP loan as they often don’t have proof of income for 3 months. This is a common requirem
If you haven’t decided on getting a brand-new Honda City from Honda’s 12.12 sale, then you’re in luck. Honda Malaysia has announced that it is extending its All-New City 12.12 Special Sale to 31-December 2020! This sale entitles customers to get a rebate worth RM 2,000 by booking and registering their new City by 31-December. This special rebate only applies to the S and E variants of the City. Honda has stated that there have been 11,000 bookings received for the all-new City and 5,800 units ha
Bank Negara Malaysia have announced a 6-month moratorium for all bank loans except credit card balances, starting 1 April 2020. The moratorium is basically a temporary freeze on loan repayments. However, do remember that the moratorium applies only to loan repayments. Interests will continue to accrue every month as usual. Also, the moratorium applies only to loans that have not been in arrears (all previous payments owed paid in full) for more than 90 days as of 1 April 2020. How does the 6-mon
Pada tahun 1949, tempoh pinjaman bagi sebuah VW Beetle ialah 12 bulan dengan kadar bunga tahunan 9%. Itu dulu, sekarang dah lain. Kini, di Malaysia, tempoh pinjaman kereta selalunya untuk lima, tujuh atau sembilan tahun dengan kadar bunga tahunan berubah-ubah sekitar 3% (dikira berdasarkan jumlah prinsipal). Kereta-kereta zaman sekarang pun makin mahal dan hampir mustahil bagi kebanyakan orang untuk membelinya secara tunai. Tapi, adakah meminjam untuk membeli kereta satu perkara yang buruk? Perk
Alongside the Fortuner facelift, the locally-assembled (CKD) 2021 Toyota Innova three-row MPV facelift is the other half of a pair of new models launched today by UMW Toyota Motor (UMWT) and prices start from RM 111,622. The 2021 Toyota Innova is available with three variants and all variants see a price increase of between RM 1,588 and RM 4,119. The prices stated below are excluded from SST which is valid until 30-June 2021. 2021 Toyota Innova facelift price list Variants Price 2.0 E (AT) RM 11
Following its unveiling in Malaysia almost a month ago, UMW Toyota Motor (UMWT) has announced the official prices for the new 2021 Toyota Vios facelift. 2021 Toyota Vios facelift price list Variant 1.5 J A/T 1.5 E A/T 1.5 G A/T Price RM 74,623 RM 82,593 RM 87,584 The prices shown above are exempted from SST (valid until 31-Dec 2020), on the road excluding insurance and road tax. At this price, the base-spec Vios 1.5 J is priced very close to the Honda City S variant which starts from RM 74,191.
The Proton X50 has just made its public launching today with an enticing price that is sure to make you think twice about getting its competitors, especially the reigning crossover king, the Honda HR-V. With prices starting from RM 79,200 without SST, the X50 really sounds like a bargain. Even more impressive is the Flagship variant which has a full suite of ADAS including AEB with pedestrian detection and intelligent cruise control for a little over RM 100,000. But if you’re planning on getting
It turns out that it wasn’t just used car sales that saw an increase throughout the past few months, used car dealers in Johor Bahru are reporting an increase in car owners trying to sell their vehicles after the Movement Control Order (MCO) ended in June. One second-hand car shop manager Chang Keng Keong told The Star that there has been a 30 percent increase in the number of people who came to his shop enquiring for information about the disposal of their cars. This was especially apparent in
Now that the government has enforced the Control of Movement Order starting 18-March 2020 until 31-March 2020 to address the spread of Covid-19, car dealers and service centres will obviously have to be shut down for at least two weeks. Unlike the hotel and travel industry, which have been granted various tax breaks as well as lower utility rates, car dealers are left to fend for themselves. WapCar.my spoke to a few car dealers to get their thoughts on the matter. A Subaru dealer we spoke to tol
“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
When the Proton Saga was first launched in 1985, a fresh graduate who earns a monthly salary of RM 1,000 can expect a reasonably comfortable life, even in the city. A bowl of noodle was just a little over a Ringgit, and a McDonalds burger would have cost just RM 3. A Nissan Sunny 130Y, the default car for middle-class families, retails for RM 19,500. Depending on how far along was one in his/her career, that’s about 1.5 years’ worth a young person’s salary. When the first Proton Saga was introdu
The 6-month long loan moratorium is set to expire in September and its expiry could have some negative impact on the Malaysian automotive industry. The loan moratorium went into effect in April as the country entered the Movement Control Order (MCO) period. Malaysian Automotive Association (MAA) president Datuk Aishah Ahmad told The Edge, “People will not have the money to buy new vehicles. But I think it depends on the category of vehicles. I think high-end vehicles will not be impacted; people
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
The Proton X50 has set tongues wagging since the first spyshots emerged many moons ago, and with its rather competitive price, people have been clamouring to get their names in the order books. Still, buying a car is more than just affording the instalments, so let's explore the maintenance costs for this new B-segment SUV. Proton X50 roundup The X50 was launched on 27-October with four variants to choose from. You may have observed that its prices overlap with the Proton X70's, so here's an art
Yang ditunggu-tunggu telah tiba – harga rasmi Proton X50 baru sahaja diumumkan dan ada yang menahan nafas semasa Dr. Li Chunrong menyenaraikan pakej harganya. Mungkin ada yang menarik nafas lega, yang selebihnya hanya mampu melihat angka-angka itu satu persatu muncul di skrin - tangan tersemat rapi dalam poket. Bila dah tahu harga rasminya yang bermula dari RM 79,200 untuk Proton X50 1.5T Standard, pasti ada yang tertanya-tanya, “Berapakah gaji minimum untuk lepas loan X50?” Usah risau, kami hur
Prime Minister Tan Sri Muhyiddin Yassin has announced a moratorium extension and targeted bank assistance that focuses on those in need. In yesterday’s address, he said the extension and aid serves to benefit three million individuals and small and medium enterprises (SMEs). Here are the details of the targeted moratorium and bank assistance: Individuals who lost their jobs in 2020 and still haven’t got a new job will be offered the moratorium for another three months (up to Dec 31). After the t
Isuzu Malaysia is paving the path to normalcy for potential Isuzu D-Max customers by offering a moratorium for financing payments on new vehicles purchased from 1 June 2020 till 31 August 2020. Through the Isuzu Deferred Instalment Campaign, the first programme of its kind in the pick-up segment, the company hopes that customers can fortify their earnings by putting their brand new Isuzu D-Max pick-up trucks to work during the deferment period of either three or six months before needing to worr
继上个月在马来西亚发布之后，UMW Toyota Motor（UMWT）也公布了2021 Toyota Vios新改款车型的官方价格。 2021 Toyota Vios改款车型价格表 车型 1.5 J A/T 1.5 E A/T 1.5 G A/T 价格 RM 74,623 RM 82,593 RM 87,584 以上价格均已减免销售税（2020年12月31日前有效），为不包含保险和路税的落地价格。 从这个价格来看，基础款的Vios 1.5 J标价十分接近Honda City S车型，后者的标价为RM 74,191起跳。 不过，与City不同的是，顶配版的Vios 1.5 G搭载了Toyota Safety Sense（TSS） ADAS套件，其中包括AEB、FCW和LDA等功能。 而只有混动版的City RS才搭载了Honda Sensing ADAS套件，在2021年发布后，其售价很可能会超过RM 100k。 Vios改款车型的其它配备还包括7具安全气囊、前DVR、带RCTA的BSM、以及一个3D的360度全景摄像镜头。 Vios改款车搭载的仍旧是那具2NR-FE 1.5升四缸引擎
We know that the Perodua Myvi has been a crowd favourite since it was first introduced back in 2005. The little hatchback doesn’t just dominate the new car buying scene but also the used car market as the second-hand car market continues its sales high following the month of July. Previously, it was reported that the used car market has hit an all-time high since the country entered the Recovery Movement Control Order (RMCO) with year-on-year sales spiking over 25 percent in July. The y-o-y grow
Popular Videos
2024 Chery Tiggo 8 Pro 2.0T Review in Malaysia, Best Value 7-seater SUV for RM160k?
2024 MINI Countryman JCW Trim in Malaysia, Going Out With A Bang!
Recommended Cars
Honda HR-V
RM 115,900 - 141,900Perodua Alza
RM 62,500 - 75,500Honda City
RM 84,900 - 111,900Honda City Hatchback
RM 78,900 - 109,900Toyota Yaris
RM 88,000 - 91,600
WapCar.my is a one-stop automotive site that provides car news, reviews, with tools to help you compare different models. All you need to find your next perfect car is here.
| Popular Cars |
|---|
| Toyota Corolla Cross |
| Honda City Hatchback |
| Perodua Ativa (D55L) |
| Cars News & Reviews |
|---|
| Good Reads |
| Reviews |
| News |
| Used Cars |
|---|
| Used Honda |
| Used Toyota |
| Used BMW |
| Tools |
|---|
| Insurance |
| Car Loan Calculator |
| Car Insurance Calculator |
| Road Tax Calculator |
| Petrol Price Malaysia |