Malaysia is a country that doesn’t favor the automotive industry; everybody knows it. The reasons are pretty clear: the Government wants to makes money, the distributor wants to make money and the in-between factors. New car prices in this country are ridiciously jacked up, no thanks to levied taxes as much as 200%. Even people with high income or spending power chooses grey imports or the ‘Langkawi’ route when it comes to luxury or premium models. This tells you something doesn’t it?
This article serves as a guide to advise potential buyers that it might be the right time to consider a pre-owned car instead of a new car. The other clear and present issue with Malaysia is; the economy isn’t getting any better, and things could only get worse if the people don’t practice a sound budget or have any idea about budgeting.
Rising costs in everything are bound to continue, including hefty taxation levied on cars, be it imported or built locally. The case here is imported or CBU (Completely-built Up) cars are normally taxed way higher taxes than locally-assembled cars. Reason is simple, the Malaysian government wants more ‘mula’.
Let’s explore reasons to consider a pre-owned or used car instead of a brand new car, not of your desire or choice. Most first time buyers don’t have many 'new car' options to begin with, as entry level cars are already costlier than they should be and the brands are rather limited. First time buyers are also faced with personal issues; such as lower budgets and relatively low monthly income. A used car will offer more bang for the buck, especially for individuals who just started working.
Ample choices and discovery options
Simply browse classifieds if you still read newspapers or popular online sites to find the car you seek. There are numerous car listings with prices on classifieds and online classifieds and you're bound to find something you want.
Once you’ve decided on a car whether used or new, the next thing to take note of would be, is it fuel efficient enough? We'll this out for the time being. Back to the used car topic, you’d discover a whole new world of cars when you give pre-owned cars a go. For instance, you’ve got RM50,000 to spend on a car but with a new car you’ve got only two brand choices, Perodua or Proton. If you give pre-owned cars a closer look, you’d be able to find something you like and certainly have more than two brands to choose from. Therefore, if you want to open up your options on a tight budget, it would definitely be a sound decision to consider a pre-owned or used car.
A trusted & transparent car selling platform like myTukar provides thoroughly inspected cars to used car dealers in its network and ensure the dealers have sufficient stock or inventory of the most in-demand models and brands. myTukar has over 1,700 dealers in its network.
Look out for Part 2 of Why a Used Car is a Better Choice…