80% of Proton, Perodua owners on nine-year vehicle loans; buyers place priority on monthly instalments

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80% of Proton, Perodua owners on nine-year vehicle loans; buyers place priority on monthly instalments
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Around 80% of owners of Proton and Perodua vehicles take loans of up to nine years on their vehicles, and some extend the loan period even further if permitted to do so, according to AmInvestment …

Around 80% of owners of Proton and Perodua vehicles take loans of up to nine years on their vehicles, and some extend the loan period even further if permitted to do so, according to AmInvestment Bank cited by

“Their priority is the monthly repayment instalments. Their financial balance is influenced by the prevailing interest rates. The everyday people closely monitor the overnight policy rate as their financial situation aligns with it. This is a factor that the government cannot overlook,” AmInvestment Bank was cited as saying in its note, adding that Bank Negara Malaysia has maintained the OPR at 3.0% since last May., which continues to see very high demand.

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