Minimum Pay to Apply for Car Loan

Many of car buyers are still unaware of the very tight regulations imposed by the government recently. Many car sales dropped mainly because of this issue and low income worker who earn less than RM 1k was the most affected group.

With the current situation, those who earn less than RM1.5k have almost no chance to buy any brand new car, even the cheapest model, Perodua Viva which is priced from RM 25k. Even so, the minimum net pay to purchase a Perodua Myvi is set to be around RM2k otherwise a guarantor is needed. We hope that this post would give you some insights in deciding which car that fits your budget.