Car Finance in Malaysia

Hi I think you need a 40% deposit as a foreigner. Most I know pay cash and buy a second hand car as far easier. Or hire

You can get a 1 year old swift for about RM50k with very low mileage from epats who are leaving.  One pointer about car loans is that you can't cash them at any time.  They are fixed term. So don't take out one over a long period because even if you leave the country and sell the vehicle, you still are liable to pay the monthly instalments for the loan.  I know - it sounds odd - but that is how loans work here. Interest on short loans is rather high.  Your Malaysian bank can arrange loans once you set up an account with one.

hey we are planning to buy new car... after checking with few people...selling a new car is better then 2nd hand car...our budget is 70 - 80K RM....which car make is best here in Malaysia in terms of running cost and quick re-sale...

we have already check proton preve...but the running cost seems to be just average....
we would need the car for 2 yrs only..
please suggest

Hi you might want to hire a car for only 2 years. A proton "pervey" (what some expats nicknamed it) are typical Malaysian built cars. locks, alarms, handles fall off/break within 2 years.

Another factor is expectations that duties will go down making second hand cars drop faster in price.

So either hire or get a proton saga. Cheap and resale ok. Don't waste 70-80k on Malaysian cars. It is all duty.