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 Are you holding on to buy a car? Why?

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KingArthurVI
post Jul 13 2019, 02:07 PM

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Malaysia has the 2nd highest car price in the world, losing out only to Singapore. I have a Civic ketam now but if I were to look for a 2nd car I'll hold out and pray that one day our excise duty will either be reduced or replaced with a more generous taxation/duty system one day, because as it stands it's BS protectionism for Proton which is to be frank not even a national car brand anymore.
KingArthurVI
post Jul 15 2019, 01:05 PM

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QUOTE(legioss @ Jul 15 2019, 12:10 AM)
Although our car is expensive, do remember the resale value is also very high if you choose the right car. Effectively, what you are paying is the annual depreciation.
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That makes sense, but money sunk into a depreciating asset is still money not used elsewhere (investment, savings or emergency medical funds). It's a pretty depressing situation for most people who don't plan on changing cars every 3-5 years or so. I strongly believe the current policy of car prices should get updated to be more relevant with the times. It shouldn't feel like Kia/Honda/Toyota buyers are subsidizing Proton/P2 by paying a higher excise duty for their cars. Our local car manufacturers have had a long time to be able to stand on their own feet and I believe they already have, so it's time to open the floodgates to fairer competition and see how they fare.
KingArthurVI
post Jul 15 2019, 01:17 PM

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QUOTE(hukaka @ Jul 15 2019, 01:11 PM)
Market down, burdens has became significant increasing.
Car still in running condition,better investment in property.
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Bad country to live in as a car enthusiast bye.gif

 

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