My opinion on the bad sides of increasing the car down payment to the prospective buyers. First, we need to understand that there may be a small increase in the national economy, but there is no big improvement in the economy of the people (financial flows). The salary are still at the same level and if increase is not too much, while the cost of living in Malaysia is increasing day by day. Secondly, when they make a loan for a car down payment they have to pay back with relatively high amount every month to the bank because of a loan period is getting shorter. Lastly is when they are burdened to pay the loan, most likely it will affect their monthly car installment and cause debts being in arrears.
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| The price of Toyota Vios in Malaysia 2013 |
In positive sides are earth more green and traffic jams may be reduced because the car on the roads depleting..
So, its mean more difficult and be a burden on prospective buyers right?... why i said like that because when it happen of course the term and condition for make a loan to buy a car getting strict and difficult.. Don"t forget banks also want to make profit and do not want to lose same goes to car company in the end who will feel burden?.. Keep asking on yourself.. Like i said before is not too sure waiting the 2014 budget presentation to know the truth but i hope its just rumors.... :) XOXO
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