Good news folks, you can keep you old car and enjoy an instalment free driving life
With Malaysia being the 5th most expensive car market in the world, it is difficult for low income earners and retired Malaysians to purchase a new car and also to get a new car loan. This will have to be looked into before any end of life policy is put in force.
Earlier at this week’s automotive conference, the Deputy Minister from the Ministry Of International Trade & Industry (MITI) Dr. Ong Kian Ming confirmed that the government has no plans to enforce this and the role of Puspakom will remain for used car transfers and there will be no enforcement of yearly motor vehicle ‘health’ checks.
We agree with the reasons shared as the retied government employee in the city who drives a 32-year-old Toyota Corolla (pictured above) has no reason to upgrade his car which is not giving him any problems and he does not have spare income to cover new car loan repayments.
In the small town of Bidor, a 60 year old grandmother who drives a well looked after, slightly rusty and with sagging suspension 39-year old Toyota (pictured above) has no reason to buy a new Perodua as she does not have the money for the down-payment and the monthly installments even though in her heart she would like a bright yellow Axia.
But, if you drive a real rusty clunker, you might be forced to scarp it and get a replacement.
Heritage and classic cars should keep as collection forever.
The photo of the TOYOTA in bidor actually is taken from Thailand . (Thai car plate ) Please check before you publish.
TQ for updating us. Duly noted.
I’m having one too. Mazda 626 sedan. Year 1985. Old is gold.
Yes, the 626 was ahead of its time when it was launched. Keep it running well with regular engine oil changes and a careful drive.
But then the insurance companies use the ‘old car’ excuse to charge extra, and more for older drivers.
Hi Albert,
Yes, you are right. Insurance companies will add ‘loading’ on the cars age and the age of the drivers. I am in the same boat due to my age and the age of my car but will keep my old car for as long as possible.’