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
Nov 25, 2020
So, you've found the used car of your dreams, sent it to your trusted mechanic and even got the green light from Puspakom to transfer to name over to you. But wait, have you checked if the car has any unpaid traffic summons attached to it? Surprisingly, this is a step that most used car buyers would miss on. Excited car buyers will find themselves facing a roadblock when they realise that JPJ will not transfer the car to them as the previous owner has outstanding traffic summons that has yet to
Nov 4, 2020
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.
Oct 27, 2020
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,
Oct 6, 2020
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
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
Oct 18, 2020
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
Nov 20, 2020
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
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
Nov 4, 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
Jul 17, 2020
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
It’s time to sell your car. You’ve already figured out how to get the highest price and how to clean the interior, but how do you sell your car without going through a used car dealer? Assuming that you’ve somehow managed to find for a buyer that’s willing to buy your old car, there are some steps to follow before you can sell off your old car. Also Read: Selling your car soon? Here's how to ensure you get the highest price If it’s a cash sale and there’s no outstanding loan, it’s pretty straigh
Apr 6, 2021
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
Jan 28, 2021
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
Dec 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
Jul 7, 2020
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
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
Mar 25, 2020
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
Buying a used car can be great value for money. The initial depreciation has to took place and you have more choices with a smaller budget. It sounds like a no brainer, but buying a used car can also be a nightmare. Take for instance, the case of tampered mileage and “erased” warning lights. Careta and Malaysian Modders have recently highlighted the issue of a used car dealer guilty of this misconduct. Lower-mileage used cars are valued higher, hence the motivation to tamper with the mileage is
Dec 14, 2020
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
Jul 27, 2020
Do you check your surroundings or your side mirrors before you open your car door? If you do, then pat yourself on the back. If you don’t, then you should start this healthy habit. Accidents where pedestrians, especially bicyclists, ran into opening car doors are becoming a common occurrence that the term ‘car dooring’ has been coined to describe these accidents. Warning: Might be too painful for some to watch Pedestrians and bicyclists alike will not be able to know your intention to get out of
Mar 6, 2021
If you have committed traffic offenses recently, it’s best to pay up and avoid getting yourself blacklisted as the Road Transport Department (JPJ) is now coming after 2.7 million outstanding summonses. Covering offenses such as speeding, using a mobile phone while driving and not having a valid driving licence, the summonses stretch back to 2010 and are valued at RM 800 million. “JPJ would be taking actions against motorists who have yet to pay their summons arrears by blacklisting them when the
Jul 14, 2020
Used car sales have been seeing positive growth in Malaysia in the midst of the COVID-19 pandemic. So, Sime Darby Auto Selection has seen another potential in this by launching its own online used car store. The website allows customers to search from a wide range of high-quality used cars which also include nearly-new vehicles. With up to 300 used cars available for viewing, these vehicles aren’t just limited to Sime Darby Motor’s stable like BMW and Hyundai. Sime Darby Auto Selection claims th
Oct 23, 2020
Volkswagen Passenger Cars Malaysia (VPCM) invites all Volkswagen owners for a free 5 Star Service Check available at all service centres nationwide. As part of the check, a service advisor will conduct the check with the car owner to review and highlight potential wear-and-tear and identify severe issues in vehicles. Inspected items include the body and paint condition of the car, lighting, brakes, windscreens, windows, wheels and tyres. Starting from now till 31-December 2020, all Volkswagen ow
Jul 1, 2020
** This article is the personal experience of a 2019 Hyundai Elantra owner and does not necessarily reflect the views of WapCar. Facebook: Vijay Saravanen I always loved the sleekly, sexy, and sporty design of Hyundai Elantras I see on the road. I told myself my next car change would be a Hyundai Elantra. I was already driving the Hyundai Accent 1.5 (Aeroback) 2007 Model. Over the years, I have owned Proton Saga 1.3 (Aeroback), Proton Wira 1.5 (Sedan), Proton Satria1.3, Exora 1.6(MPV), and befor
Sep 7, 2020
Car care isn't daunting. It pays to do these simple checks and avoid repair bills and headaches in the end. Got it? Simple concept for a simple topic, so let’s go! 1. Check your coolant level See the radiator cap? Some cars have it placed differently, so if you can’t find it on your car at that position, look for the boat shape and bright sticker up top. All you have to do is unscrew it and add plain water (nothing else) to it. Engines heat up while driving, and if there’s not enough water in yo
Jul 19, 2020
The Mazda 3 Touring Car Racing (TCR) is the latest addition to Mazda’s motorsports program, which will hit the racetrack in 2020. Information on specifications are scarce but what we do know is that power comes from a turbocharged 4-cylinder engine, making 350 horses mated to a 6-speed transmission with paddle shifters. The designers have spent countless hours to ensure that the Mazda 3 TCR is compliant with all TCR regulations and flows with the smooth lines on the Mazda 3, retaining the signat
Oct 4, 2019
Forget your Bugatti Chiron or 740 PS Volkswagen Golf, the Ford Focus is in fact the fastest car in the world. That’s exactly what an Italian woman woke up to when she was sent a speeding fine claiming she zipped past a speed trap at 703 km/h in a 70 km/h zone. That’s almost the cruising speed of a Boeing 747 and probably broke a couple of rules, so she was fined EUR 864 and docked 10 points off her licence. Putting two and two together we know that it’s caused by a faulty camera, but bureaucracy
Jul 14, 2020
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
Feb 7, 2021
Malaysia’s Budget 2021 was tabled today by Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz, under very unusual CMCO circumstances. There’s nothing specific to the automotive industry, but on the topic of loan moratorium, the government has confirmed that there will be no extension. However, Zafrul explained that the government is putting forward a set of targeted assistance packages for the B40 low income earners, as well as small and medium enterprises. Eligible borrowers can choose betwee
Nov 6, 2020
Honda HR-V
Perodua Alza
Honda City
Honda City Hatchback
Toyota Yaris