Hire Purchase

CARSOME Group, JACCS announces strategic partnership in CARSOME Capital to revolutionize auto financing

Berita Kereta

Jim Kem  |  February 07, 2025

CARSOME Group has announced a strategic partnership with JACCS Co., Ltd. (Japan Consumer Credit Service), a global consumer finance company and a ...

Thailand getting worried about soaring car loans on quickly depreciating EVs

Kereta Elektrik EV

Jim Kem  |  December 29, 2023

Over in Thailand, the country’s National Credit Bureau (NCB) has expressed worry about the quality of loans for electric vehicles compared to ...

New vs Used Cars - All You Need to Know for Your Next Car Purchase

Rencana

Jim Kem  |  November 10, 2022

Buying a new car is an exciting experience, even when the car itself might be a little bland. Then again, there’s always the lure of what could be ...

Bank Negara Raises OPR To 2.25% - Will Your Car Loan Payment Go Up?

Rencana

Jim Kem  |  July 07, 2022

It was announced recently that Bank Negara Malaysia has increased the overnight policy rate (OPR) by another 25 basis points, taking it to 2.25% ...

Are Pricier Cars Leading To A Bankruptcy Bubble Among Young Malaysians?

Rencana

Jim Kem  |  April 22, 2022

It might be a tough reality to face, especially if you’re an enthusiast (at any level, really): are the cars we buy causing our financial downfall ...

Subscription Plans (Leasing) vs Conventional Hire Purchase

Rencana

Adam Aubrey  |  July 13, 2021

Leasing or car subscription plan as most like to call it is a new way to own a car over traditional methods, but is it any good? Generally, there ...

Finance Minister: PEMULIH Automatic Moratorium Is NOT Interest-Free

Rencana

Arvind  |  June 30, 2021

Is the recently announced six-month automatic loan moratorium under the PEMULIH package, worth some RM150 Billion, interest free? A crucial feature ...

MOF: NO interest to be accrued on six-months HP moratorium

Berita Kereta

Ferdinand  |  May 06, 2020

The Ministry of Finance today stated that the total amount for your Hire Purchase loan will not change as NO compound nor interest will be accrued on ...

BNM: You will be charged interest on your paused HP loans

Berita Kereta

Ferdinand  |  May 01, 2020

This is a developing story and we hope to have more for you in due time.  In an early Labour Day gift, Bank Negara Malaysia (BNM), late yesterday ...

Almost half of Malaysian Car Owners Don’t Understand Their Car Loans

Berita Kereta

Arvind  |  April 26, 2017

Nearly half (43%) of Malaysian new-car buyers do not fully understand the terms of their hire-purchase product, according to results of the inaugural ...

Honda Malaysia Partners With Maybank To Offer Better Financial Solutions

Panduan Pembeli

Jim Kem  |  May 11, 2015

Honda Malaysia Sdn Bhd has shook hands with Maybank over an agreement to better integrate each other’s operations to combine automotive manufacturing ...