Interest rate cuts for Malaysian car owners
The recent news about the government cutting on non-beneficial expenses and fueling more on development has got the rakyat filled with many questions that need answers.
A go for local cars or a no for imported cars?
A famous blogger posted about the government’s move to reduce interest rates for owners of local cars Proton and Perodua. In a bid to reduce the rakyat’s financial predicaments, the government is thinking of a reducing 0.5% of interest rates to all owners of local cars whom are still serving their loan. Do you hear music in your ears already?
Now comes the bad news, owners of imported/non-national cars will be slapped with a 1% increase of interest rates on their car loans. Owners of SUVs or 4×4 vehicles higher than 2,500cc,however, would be seriously burnt in the pocket at an unconfirmed rate!
Hearing from sources, the rakyat would prefer the reduction to 1% instead of 0.5% as the 1% increase for imported/non-national cars would seem like a ploy by the government to cash-in on these (usually) rich/above-average income earners…
These are not confirmed and dont go around spreading it as if its finalised by the government. If such measures (about adjusting interest rates) are true, what complications would it create to this country?
Good news or bad, you be the judge and voice out your opinions here, if you may.
