No. He is not.

Back in 2005 when my mom bought her Proton Waja, we visited 4 different Proton dealers here. Most of the dealers offer us 3.7% for a 7-year loan. There was one offered us 3.2%. Luckily we visited one more dealer and they offered us 2.8% only from EON Bank.

It is advisable that you check out the interest rate yourself by visiting every banks. You should start with the bank you have an account with.
You should check out all the commercial banks in Malaysia. But please note that only local banks offer car loan. Foreign banks do not.

Look out for EON Bank and AmBank. Both are leaders in the hire purchase market.