toyota capital interest rate 2019

Naza offering low interest rate from 1.88% until 15-July for recond cars

Naza Automotive Group Malaysia is having a mid-year sale for all selected vehicles starting from now to 15-July. Customers are entitled to a low-interest rate from 1.88 percent and a 1-year warranty during this promotional period. Keep in mind the government's 5 percent sales tax exemption has been included with Naza's mid-year sales. For convenience, customers can now view Naza’s catalogue at home through online marketplace platforms. Have some questions to ask? A video call with a sales person


Jun 30, 2020

Toyota takes 5 percent stake in Suzuki, forms new capital alliance

Toyota takes 4.94 percent of Suzuki Suzuki acquires 0.2 percent of Toyota Suzuki to gain Toyota’s hybrid tech while Toyota gains Suzuki’s engine for compact cars, plus expertise in India Following a joint announcement by Toyota and Suzuki earlier in March, both companies have confirmed today that they will form a capital alliance. The deal, still subject to approval by the respective countries’ competition authorities, will see Toyota acquiring 4.94 percent of Suzuki via the purchase of 24 milli


Aug 28, 2019

Banks to make U-turn, interest charges might be imposed during 6-month moratorium for car loans?

The following is still a developing news, we will update it when clearer official announcements are made. We were tipped off by our friends at Careta.my that banks might begin imposing interest charges on delayed/outstanding car loan repayments of borrowers who took up the 6-month moratorium. A statement released by Bank Negara Malaysia (BNM) earlier today said “…banking institutions are in the process of formalising agreements which reflect the revised payment terms with borrowers/customers wit


Apr 30, 2020

Launching soon in Malaysia, register your interest for the 2021 Toyota Harrier

We’ve spied the SUV in Malaysia which hinted at its impending arrival, now UMW Toyota (UMWT) has pretty much confirmed the launch of the all-new 2021 Toyota Harrier on their official Toyota Malaysia website. Also read: Spied: All-new 2021 Toyota Harrier has arrived in Malaysia, launch imminent If you can’t wait to jump on the bandwagon, registration of interest for the all-new Harrier is now opened to all on the website. The Harrier made its world debut just last year. And since then, the luxury


Apr 6, 2021

2019 MINI John Cooper Works Clubman: Answers to frequently asked questions

When MINI Malaysia launched the facelifted 2019 MINI Clubman, they also launched the John Cooper Works Clubman along with it. MINI’s John Cooper Works Clubman is one of two revolutionary JCW variant that made a mark in MINI’s 60 year history as under the bonnet holds MINI’s most powerful engine yet! How much is it? The 2019 MINI JCW Clubman is priced at RM 358,888. That’s at least RM 60,000 more expensive then the Cooper S variant. Like the Cooper S variant the 2019 MINI JCW Clubman comes import


Nov 18, 2019

WapCar Morning Insiders (Oct. 8, 2019)

Today is Tuesday, October. 8 local News There will be no Immediate toll abolition According to the Prime Minister Tun Dr Mahathir Mohamad, the immediate abolition of toll cannot be carried out as it requires purchases to be made by the government. “But we may be able to afford reduced toll rates. If anyone from the private sector has suggestions to reduce toll, these can be considered,” he said in a statement today. The price of RON95 will be floated gradually from January 2020 Domestic Trade an


Oct 8, 2019

2020 Toyota Yaris – What’s the minimum salary to get a loan?

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


Oct 24, 2020

MoF: No more interest on 6-month moratorium for hire purchase loans

In another act of U-turn, the Ministry of Finance has just announced that there will be no additional interest on hire-purchase (HP) loans for those who took up the 6-month moratorium. This overrules the earlier statement by Bank Negara Malaysia (BNM) that the 6-month moratorium will incur interest charges. Borrowers who took up the 6-month moratorium will continue to pay the same monthly installment as before as stated in their HP agreement with their respective banks. The 6-month moratorium is

Adrian ChiaAdrian Chia

May 6, 2020

WapCar Morning Insiders (Oct. 18, 2019)

Today is Friday, October. 18 Local News RM5.2 billion bid for PLUS Malaysia: will offer 25% discount on toll rates According to The Star, the RM5.2 billion offer was to buy the entire equity stake of PMB or 51% of the equity held by Khazanah Nasional Bhd. “The new PMB will offer a 25% discount on toll rates. The concession period will remain the same and will end on December 2038, ’’ said the Businessman Tan Sri Halim Saad. Ironically, Halim was the one who signed an RM3.4 billion contract to bu


Oct 18, 2019

If you're a fresh grad, take a look at Proton’s Fresh Graduate Campaign

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


Aug 13, 2020

Buying a 2021 Toyota Innova? Here's the minimum salary required for a loan

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


Jan 10, 2021

Getting a 2021 Toyota Vios? Here's the minimum salary required for a loan

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

CY FoongCY Foong

Dec 16, 2020

Applying loan for the 2021 Toyota Yaris? Here's the minimum salary required

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


Dec 16, 2020

Up to RM 31k in savings when you purchase a brand-new Mercedes-Benz!

Mercedes-Benz Malaysia has revealed their updated prices for its models, valid from 15th June to 31st December. Depending on the model, one can expect to save between RM 7,734 to RM 31,345 when purchasing a brand-new Mercedes-Benz. In addition to these savings, Mercedes-Benz Malaysia is also offering an attractive low interest rate financing (zero percent interest rate) with MobilityPlus car replacement program, and complimentary service packages. The offer is valid until 30th June 2020.


Jun 15, 2020

MINI lovers, now is the time to get one!

In conjunction with the 60th anniversary celebration, MINI Malaysia is incentivising buyers with three benefits to own any of the MINI models from now until 31 December 2019. First of which is lower monthly installments starting from RM 2,388 with the MINI Balloon Financing, at a lowered interest rate starting from 0.77%. Second, new owners will enjoy the insurance rebate of RM2,000 off MINI vehicles with the MINI Financing plan. Lastly, with every purchase of any MINI models during the campaign


Oct 30, 2019

Wapcar Morning Insiders (Sep.3, 2019)

Today is Friday, Sep. 3. Here are Quick Grab-n-Go new car promotions, offers and upcoming events in Malaysia after Hari Merdeka you need to know! Ongoing Car Promotions, Offers and Events Proton 1 Tank Adventure 2019 PROTON'S 1 Tank Adventure is back in town and this year will be filled with many thrilling activities. Proton is looking for participants to explore Malaysia while using the least amount of fuel possible in the latest range of PROTON cars. Also, there is more than RM100,000* worth o


Sep 3, 2019

Buying a 2021 Mitsubishi Triton? Here’s the minimum salary required

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


Apr 14, 2021

Proton Commerce getting ready for HP volume jump when Proton X50 launches

Proton Commerce Sdn Bhd (PCSB), Proton’s in-house automotive financier, has stated that they are expecting a jump in the Hire Purchase (HP) market for cars during the final quarter of 2020. The financier made the prediction thanks to 2 factors, the soon to launch Proton X50 and the Penjana stimulus package. According to PCSB, the HP industry has been experiencing growth of 1.0 percent to 2.0 percent between FY2017 to FY2019. The growth is broadly in-line with Total Industry Volume (TIV) of the M


Sep 30, 2020

79,833 units sold so far and there's no stopping Proton's 2019 momentum! 100,000 units by end 2019?

Proton has kicked off the final quarter of 2019 on a high with a record 9,503 in sales. This brings the number of sales in 10 months of 2019 to 79,833 units both export and domestically. The successful sales volume meant that the brand saw a growth rate of 46% year-to-date. This is a remarkable achievement for Proton considering that the Total Industry-Volume (TIV) has shrunk by 1.3%. This puts Proton's market shares of the year at 16% which is a healthy increase of 5.2% over the previous year.


Nov 4, 2019

Should you buy a new Perodua Myvi or a used Honda City?

If you’re a fresh grad looking for your first car, chances are you’re looking at the Perodua Myvi. It offers great value for money and is packed with features, some of which aren’t even offered in cars twice its price. But then someone said you could buy a used Honda City for about the same price. So how should you decide? Before we continue, we'd like to note that this isn't strictly limited to the Honda City. Other options can include the Toyota Vios, Honda Jazz, Volkswagen Polo, etc. Likewise


Apr 30, 2020

Singapore banks push for EVs, property developers to install EV charging points

Following Tesla’s return to Singapore, two banks have shown great initiative in the adoption of electric vehicles. The Business Times reports, that on Monday, OCBC had announced a strategic partnership with Charge+, a Singaporean EV solutions firm. Charge+ aims to install 10,000 EV charging points in Singapore by 2030, in line with the government's target of 60,000 EV charging points. The partnership intends to encourage property developers (who are customers of OCBC) to install charging points


Feb 16, 2021

Believe it or not, this is a Toyota Innova

Here in Malaysia, or even anywhere else in South East Asia, we don’t think very highly of the Toyota Innova. Malaysians in particular can’t get over the fact that it rides on the same underpinnings as a rudimentary Toyota Hilux pick-up truck. Tough and good for carrying loads yes, but not for refinement. Over in Indonesia, theToyota Innova is very popular. It’s seen as a step up from the Toyota Avanza, the default car for Indonesia, similar to our Perodua Myvi. Still, Indonesians don’t see it as


Apr 1, 2020

Wapcar Morning Insiders (Aug. 30, 2019)

Today is Friday, Aug. 30 (Tomorrow is THE Independence Day!) Local News Mitsubishi Motors Opens New Showroom in Sitiawan, Perak Mitsubishi Motors Malaysia (MMM), the official distributor of Mitsubishi Motors vehicles in Malaysia, together with authorized dealer Lofty Ambition Sdn Bhd celebrated the opening of a new Mitsubishi Motors 3S Centre (Sales, Service & Spare parts) in Sitiawan, Perak recently. More on: Mitsubishi Motors Opens New Showroom in Sitiawan, Perak Honda Malaysia Introduces City


Aug 30, 2019

Volkswagen Passat 1.8 TSI sold out, only 2.0 TSI left

Volkswagen Passenger Cars Malaysia (VPCM) no longer sells any Volkswagen Passat 1.8 TSI. All remaining units have been snapped up and the dealers now only carry the more powerful 2.0 TSI variant. This is most likely due to the fact that Volkswagen Malaysia is gearing up for the introduction of the updated Passat, which made it global debut earlier this year. Yes, we are confident that the new model will be much better than the current model, but expect prices to be a lot higher than the current


Oct 8, 2019

Mitsubishi Motors’ yearly Merdeka promo starts now

Mitsubishi Motors Malaysia (MMM) kicks off the Merdeka month with some special deals so interested buyers can enjoy more savings on top of the special SST exemption prices. Interested buyers of the Mitsubishi ASX can opt to trade-in their current cars to get an RM 8,888 top-up support from MMM’s authorised dealers. MMM will also throw in a 5-year free maintenance and 5-year warranty with unlimited mileage when you purchase the B-segment SUV. The Mitsubishi ASX 4WD goes at RM 125,182 while the AS


Aug 14, 2020

2020's new car sales (TIV) in Malaysia is lowest in 13 years, 529,514  units

The Malaysian Automotive Association (MAA) has announced its tally for total new car sales, better known within the industry as Total Industry Volume (TIV), for year 2020. A total of 529,514 new motor vehicles were sold in 2020, down 12.4 percent from 2019. The cause of the downturn is of course due to the Covid-19 pandemic and the associated MCO restricting normal economic activities. For two and a half months between March and May 2020, no cars were sold as showrooms were not allowed to operat


Jan 22, 2021

Wapcar Morning Insiders (Sep. 26, 2019)

Today is Thursday, Sep. 26 Local News Toyota GR Sport models a possibility for Malaysia With the launch of the all-new 2019 A90 Toyota GR Supra in Malaysia, UMW Toyota Motor (UMWT) has also introduced the GR Garage concept store. It is a first of its kind, one-stop motorsports inspired outlet to be opened outside of Japan. Lim hinted that there is an opportunity for UMWT to expand the GR model line up as the overwhelming interest in the GR Supra suggests that Malaysian customers have a strong ap


Sep 26, 2019

Toyota Vios 2019 - Naik taraf yang dialu-alukan!

Toyota Vios Toyota Vios adalah model utama yang menjana pendapatan bagi Toyota disebabkan harganya yang paling berpatutan dalam pasaran sedan segmen B ketika ini. Toyota Vios terbaru tahun 2019 ini diperbaharui dengan sejumlah ciri-ciri keselamatan, menjadikannya pilihan yang paling disyorkan untuk kebanyakan pembeli. Berapakah harga Toyota Vios 2019? Tiga varian yang boleh dibeli sekarang dengan harga bermula dari RM 77,200 untuk varian 1.5J, sementara bagi varian pertengahan 1.5E berharga RM 8


May 23, 2020

In Brief: Toyota Yaris 2019 - A Welcomed Rival

(Toyota Yaris 2019 Model | Gallery) The Toyota Yaris 2019 is a B-segment hatchback, aimed squarely at the Honda Jazz, Mazda 2, Kia Rio, Peugeot 208, and Volkswagen Polo. What Is the Toyota Yaris 2019 price? Prices start from RM 70,888 for the base 1.5J variant. The mid-spec 1.5E costs RM 76,888, while the range-topping 1.5G costs RM 83,888. All prices are on-the-road, without insurance. All variants of the Toyota Yaris 2019 share a 1.5-litre four-cylinder naturally-aspirated petrol engine that o


Aug 30, 2019

In Brief: 2019 Toyota Camry 2.5, sheer driving pleasure

(2019 Toyota Camry Price and Specs | Gallery) What is the Toyota Camry 2019? It’s a D-segment sedan first introduced to the Malaysian market in November 2018. Toyota wants to break the ‘uncle’s car’ image in the 8th-generation Toyota Camry which is why it's styled aggressively and rides on the highly acclaimed Toyota New Global Architecture (TNGA) platform with double-wishbones for the rear suspension. What is the price of Toyota Camry 2019? UMW Toyota Motor (UMWT) no longer assembles the Toyota

Adrian ChiaAdrian Chia

Nov 14, 2019