Can buy if and only if down payment is big. 240K car also comes with expensive tyres and servicing and oil if it's an ICE. People usually forgot to count that. But I do actually think that generally most gullible buyers are at the bottom end. Like supposed to buy an Axia or Saga, end up with City or Vios.

If we were dig back why 7 and 9 years loan were made available, it was to save national car maker during the economic downturn. Sales were bad and stocks weren't moving. All these are bailouts indirectly. If this scheme is not available, I am sure your Axia full blown AV spec still cost like a Axia kosong. And your Vios would take Persona's pricing. And at the top, those luxury cars too would be much cheaper. Banks needs these products to make money and government need these products as well to collect more money. And we haven't even talk about P1 and P2's existence yet. At the end, it's a systematic problem and rakyat are baked into it to feed the system.