With speculations that the International Trade and Industry Ministry (Miti) may be looking to reduce excise duties, Malaysians might hold their horses in buying a new car and anticipate if this reduction may result in lower car prices.
This would be a step in progressing the development of the local vendor ecosystem through the procurement of more locally produced vehicle components. While there are no fixed promises, we can only await more details on possible changes regarding excise duty and incentives.
In the meantime, it is wise to note that getting a car can be a lengthy journey to prepare for. So let us drive you through the process of buying and acquiring a new ride so that you can jump into the driver’s seat as a new car owner as smoothly as possible. Continue reading “Here’s How to Buy a Car in Malaysia”