Why Car in Malaysia So Expensive

As said imported cars have a hefty tax. In some cases old cars are not eligible for insurance too.

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Our govt is not interested in making policies that help improve the quality of cars or its supply chain but instead trying to find ways to make money without changing the structure of the market.

. Yup Malaysia cars actually cost as much or even more expensive than Singapore. Yes the adorable Suzuki Jimny costs more than even the Mazda CX-30. That is because this EV has a surprisingly high annual road tax of RM 3063 which works out to be just a little bit under double of what it would cost to tax the aforementioned electrified X5 that comes with a 30-litre straight-six under its hood.

Outdated safety features and vehicle failure probability are some reasons why. Malaysias car industry is dominated by two local manufacturers which are heavily supported by the government through National Car Policy eg. So this basically means that after all those RDs our local car manufactures gives out poor value and poor quality cars.

As of 2019 more than 80000 Malaysians are declared bankrupt and most of it is due to unable to pay car loans. Lets examine why cars are so expensive. While private saloons and sports cars are charged RM4cc upon exceeding 30 litres SUVs and MPVs are only charges RM160cc.

Why is Cars Expensive in Malaysia. Cars registered in East Malaysia incur a lower road tax due to the road and infrastructure conditions. To explain why these locally made cars can be expensive we must first address the false belief that cars manufactured and assembled locally will automatically mean lower prices.

The VW Passat is at 170000 RM a Ford Pickup is 85000 RM. Despite the stigma the average Malaysian household owns at least two cars. In Singapore its around 4000-4500.

That is why I say cars are more expensive in malaysia than singapore. Service and repairs are cheap and so is fuel maybe not for US but comparing to Europe it is. 1Bank can untung 2syarikat Insuran also untung 3manufacture also untung 4Dealer also untung 5salesman also untung.

Cars in Malaysia are expensive. ITs only locally procuded brands that are cheaper Proton Perodua etc. That is how it is and you basically have to live with it.

These excise duties imposed on foreign manufactured cars have made them very expensive for consumers in Malaysia. I drive a KIA NAZA Sorento and it was 115000 RM. Wed Apr 13 2022 - 0645.

But besides the Malaysia cars like Proton and Perodua a couple of brands have local manufacturing. Civic buyers are migrating towards HR-V and CR-V. Manufacturing costs are kept low when a manufacturing plant operates efficiently this efficiency is dependent on the number of units produced.

Standard Car Insurance - Comprehensive - Third Party - Optional Covers - Driver Plans Higher Risk Car Insurance Authorised Workshops ARCs Product. By Neil Briscoe. Why Malaysian cars so expensive.

To be fair yes its mostly due to currency exchange rate which make import cars just regular ones doesnt need to be luxury car very expensive but how about Malaysia made cars like from proton or produa. Now look at the median salary in Malaysia. Car manufacturers are more than happy to meet that demand because larger cars like SUVs offer fatter profit margins than say a sub-compact hatchback or sedan.

The price of some of Irelands most popular cars has ballooned by more than 10000 in the past decade as the average price paid for a new car has. The reality is old cars are considered high risk on the road. If your car is above 15 years old third party car insurance policy such as Malaysian Motor Insurance Pool MMIP will keep your car protected.

Besides engine displacement another factor affecting road tax rates would be where your car is registered. Perhaps more surprisingly too is the fact that the high road tax incurred with the iX is not. The OMV of the top-spec A-segment Suzuki Jimny is SGD 23443 RM 72125 higher the C-segment Subaru Forester SGD 20071 or RM 61768 and Mazda CX-30 SGD 23347 or RM 71846.

Thanks to car taxes Malaysia is in the top 10 most expensive countries in the world to own a car. The other factor at play is the shift in consumers preference from sedans to SUVs which tend to be bigger and more expensive. Thailand is very expensive especially 2nd hand cars are extremely expensive made in Thailand or not.

ITs around RM 2500.

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