Yeah...the high price is masked by long loan that is why ppl dont see it. As long as I can pay monthly i dont care how long the loan is... soon enough bank will offer 15 years loan..ha ha ha...I remember about 15 years back, when i want to order a wira, i was hinted to pay kopi money!! Surprisingly many people were rushing to pay this kind of money to get a "basic car" with a debt!!
While i was in uk, a basic brand new Audi/BMW/Mercedes cost about 20k, if i have not mistaken, monthly installment was 300, but the showroom was empty, i mean no customer!!
Many years back a couple of French unknowingly happen to talk about prices of cars, there were like pointing to an E-class:"how much does one of these cost here?" I gave an estimated quote which happens to be in the 6-figure region, their jaw dropped !! "Why are there so many of these here??" (they must be thinking we have a lot of "millionaires" in bolehland)
The point is, regardless of how high the price and the taxes, people are still rushing to put their orders in new car launches....obviously our people can afford to pay the difference!! If there is no problem, why fix it?
like I said altis 150k no worries cos 15 yrs loan monthly still can afford.yep...agree..was in the UK and even a second hand cooper S R53 cost only 6995 pounds..and is really not regarded as a well to do person car compared to malaysia..just a typical 'hoodie' boy racer car..when a person drive the exact same car in msia, typical msians will generalise these ppl as 'wah, banyak duit ohh' , 'rich bastard car' or duno what other terms....this is what happens when there are so many cronies and corruption in the land called bolehland...u just imagine if you buy a 130k altis today with a 9 years loan...down the road in 5-6 years time, the car value is half-ed but you would still be paying the same amount of loan till it is settled with I-N-T-E-R-E-S-T..ppl would say 'nvmla, small amount only mah everymonth...' but don't really realise how much they are losing in the long run just for the sake of self impression....would not be surprised to see a few more years, a newer gen altis or civic would hit the 150k-180k...no wonder there are so many 'paper-milionnaires' in msia...
am fully agree with you, man!so sad...so cheap....in boleh land this is a luxury car....
Imagine if u work in US it is only 22K which u can pay off in 6 mths.
Even if u convert it is only RM 66K which can pay off in 1 to 2 years.
But here you buy for RM175K and have to take 9 years repayment
just to fill someone else coffer immediately while we are stuck with a fat loan
we are so naive.....
The only way to stop the vicious cycle...is to stop buying new & recon cars ......cripple the system..... The buck stops here!!!!!
Btw the camry looks nice...ha ha ha