2024 KIA EV9 launched in Malaysia from RM369k - GT-Line, 2 variants, 505km range, your choice of 6 or 7 seats
Neta L unveiled in China with new Snapdragon Ride Flex Fusion Platform - REEV with over 1,000km range!
主页 新闻 所有资讯 18 Daily Bankruptcy Declarations In Malaysia - Vehicle Purchase One Of The Top Causes 18 Daily Bankruptcy Declarations In Malaysia - Vehicle Purchase One Of The Top Causes 所有资讯 Adam Aubrey | June 27日, 2022 09:50 AM According to a report by The Star, the Insolvency Department has seen a total of 274,628 Malaysians declaring themselves bankrupt, with 46,132 of them being recorded between 2018 and April 2022. According to the report, nearly 60% of those declared bankrupt in the last five years are aged between 25 and 44 years old, and that half of Malaysians that have been declared bankrupt were due to personal loans, followed by vehicle hire purchases and business loans. Data credit: The Star "The number of petitions (by debtors and creditors) filed every day in 2022 is 17. The number of cases registered every day in 2022 stands at 18," the department said as reported by The Star. While the findings showed a downward trend between 2018 and 2022 for vehicle purchases as a cause of insolvency, this however could be attributed to the amendment to the Insolvency Act on 20 September 2020 that increased the bankruptcy threshold from RM50,000 to RM100,000 - which probably explains the 37% decline between 2020 and 2021. The decrease in numbers is also a reflection of the pandemic/ MCOs that we were in, where we were in and out of lockdown for the past two years and that purchasing cars was not on top of anybody's shopping nor priority list. Consumer financial expert Prof Dr Mohamad Fazli Sabri said that it is an alarming situation that 18 people were declared bankrupt on a daily basis. "The fact that many of them fall into bankruptcy due to personal loans is something that is worrying because we have no idea why they have taken loans; they could have spent the money on something that was not a necessity." Speaking of necessity, while most Malaysians consider a vehicle necessity due to various reasons, including the lack of good public transportation - over-reaching or purchasing a vehicle that is not within a person's budget likely attributed to vehicle purchase being the number two cause of insolvencies among Malaysians. While there's a sentiment that the increase in prices of cars is one of the major factors for Malaysian's over-reaching when purchasing vehicles, it has to be said that the lack of financial literacy is instead the main problem. Yes, we're all only human and have our own wants and desires, but we should not spend beyond our means, especially when it involves putting ourselves into a long-term agreement/ debt. Purchasing a flashy new car with the latest features is always fantastic, but there are new or used cars out there that can be a great compromise, where it doesn't leave you eating roti canai or maggi mee most of the time in a month. We don't want to say that the downward trend is all due to the pandemic and increase in the bankruptcy threshold because we would like to believe that more Malaysians out there are starting to understand the basics of personal financing and home economics. Let's not overspend on cars and live within our means, and if the temptation is ever there to over-reach, think again as there are many affordable vehicles out there that can and will tick all that you need from a vehicle. Gaya takde takpe, tapi duit ada! ✕ 使用 WhatsApp 联系 我们依据 PDPA 保护您的个人信息。 我同意 Carlist.my 的使用条款和隐私政策 我同意接收来自 Carlist.my 及其汽车销售商、业务附属机构和合作伙伴的个性化通信。 查看最佳汽车优惠! Prev Next 特价 - 马上拨电! 天 小时 平均市场价格 为什么没有价格? 有时经销商希望您以最优惠的价格联系。 I 为什么没有价格? 有时经销商希望您以最优惠的价格联系。 相关标签 Bankrupt Malaysians Bankrupt statistic Malaysia Car purchase burden Car sales malaysia Expensive cars malaysia auto hire purchase agreement 打印 Adam Aubrey Content Producer Wants to live the simple life, especially when it comes to cars and bikes. That's what tech is for he reckons, to make motoring simpler 相关文章 Ford’s Driving Skills for Life Programme Is Coming To Sabah 所有资讯 Gokul | October 23日, 2020 Sime Darby Auto Connexion (SDAC), the sole distributor for Ford in Malaysia, has announced that for the first time this November, Ford’s global ... Quick Summary Of Brands: New Prices Without GST Here 购买指南 Siew Weng | June 04日, 2018 Now that all the mainstream and premium brands have announced their new prices that have withdrawn the GST levy of 6%, we can tabulate all the prices ... MyRapid Releases Stern Warning Towards False News Spreading 所有资讯 Chris Aaron | September 03日, 2015 Following this morning’s inaccurate reports that an overhead flyover, or LRT line had collapsed near the SOGO KL shopping complex, Rapid Rail Sdn Bhd ... 13 Pengeluar Automotif Gergasi Miliki Hampir Semua Jenama Kereta Utama Di Dunia 汽车专题 Muhammad Sharil Tarmize | August 30日, 2021 Dalam dunia ini, ada banyak jenama kereta seperti BMW, Honda, Mercedes-Benz, Volvo dan lain-lain. Tapi tahukah anda dalam banyak-banyak jenama ... 留言
18 Daily Bankruptcy Declarations In Malaysia - Vehicle Purchase One Of The Top Causes 所有资讯 Adam Aubrey | June 27日, 2022 09:50 AM According to a report by The Star, the Insolvency Department has seen a total of 274,628 Malaysians declaring themselves bankrupt, with 46,132 of them being recorded between 2018 and April 2022. According to the report, nearly 60% of those declared bankrupt in the last five years are aged between 25 and 44 years old, and that half of Malaysians that have been declared bankrupt were due to personal loans, followed by vehicle hire purchases and business loans. Data credit: The Star "The number of petitions (by debtors and creditors) filed every day in 2022 is 17. The number of cases registered every day in 2022 stands at 18," the department said as reported by The Star. While the findings showed a downward trend between 2018 and 2022 for vehicle purchases as a cause of insolvency, this however could be attributed to the amendment to the Insolvency Act on 20 September 2020 that increased the bankruptcy threshold from RM50,000 to RM100,000 - which probably explains the 37% decline between 2020 and 2021. The decrease in numbers is also a reflection of the pandemic/ MCOs that we were in, where we were in and out of lockdown for the past two years and that purchasing cars was not on top of anybody's shopping nor priority list. Consumer financial expert Prof Dr Mohamad Fazli Sabri said that it is an alarming situation that 18 people were declared bankrupt on a daily basis. "The fact that many of them fall into bankruptcy due to personal loans is something that is worrying because we have no idea why they have taken loans; they could have spent the money on something that was not a necessity." Speaking of necessity, while most Malaysians consider a vehicle necessity due to various reasons, including the lack of good public transportation - over-reaching or purchasing a vehicle that is not within a person's budget likely attributed to vehicle purchase being the number two cause of insolvencies among Malaysians. While there's a sentiment that the increase in prices of cars is one of the major factors for Malaysian's over-reaching when purchasing vehicles, it has to be said that the lack of financial literacy is instead the main problem. Yes, we're all only human and have our own wants and desires, but we should not spend beyond our means, especially when it involves putting ourselves into a long-term agreement/ debt. Purchasing a flashy new car with the latest features is always fantastic, but there are new or used cars out there that can be a great compromise, where it doesn't leave you eating roti canai or maggi mee most of the time in a month. We don't want to say that the downward trend is all due to the pandemic and increase in the bankruptcy threshold because we would like to believe that more Malaysians out there are starting to understand the basics of personal financing and home economics. Let's not overspend on cars and live within our means, and if the temptation is ever there to over-reach, think again as there are many affordable vehicles out there that can and will tick all that you need from a vehicle. Gaya takde takpe, tapi duit ada! ✕ 使用 WhatsApp 联系 我们依据 PDPA 保护您的个人信息。 我同意 Carlist.my 的使用条款和隐私政策 我同意接收来自 Carlist.my 及其汽车销售商、业务附属机构和合作伙伴的个性化通信。 查看最佳汽车优惠! Prev Next 特价 - 马上拨电! 天 小时 平均市场价格 为什么没有价格? 有时经销商希望您以最优惠的价格联系。 I 为什么没有价格? 有时经销商希望您以最优惠的价格联系。 相关标签 Bankrupt Malaysians Bankrupt statistic Malaysia Car purchase burden Car sales malaysia Expensive cars malaysia auto hire purchase agreement
Ford’s Driving Skills for Life Programme Is Coming To Sabah 所有资讯 Gokul | October 23日, 2020 Sime Darby Auto Connexion (SDAC), the sole distributor for Ford in Malaysia, has announced that for the first time this November, Ford’s global ...
Quick Summary Of Brands: New Prices Without GST Here 购买指南 Siew Weng | June 04日, 2018 Now that all the mainstream and premium brands have announced their new prices that have withdrawn the GST levy of 6%, we can tabulate all the prices ...
MyRapid Releases Stern Warning Towards False News Spreading 所有资讯 Chris Aaron | September 03日, 2015 Following this morning’s inaccurate reports that an overhead flyover, or LRT line had collapsed near the SOGO KL shopping complex, Rapid Rail Sdn Bhd ...
13 Pengeluar Automotif Gergasi Miliki Hampir Semua Jenama Kereta Utama Di Dunia 汽车专题 Muhammad Sharil Tarmize | August 30日, 2021 Dalam dunia ini, ada banyak jenama kereta seperti BMW, Honda, Mercedes-Benz, Volvo dan lain-lain. Tapi tahukah anda dalam banyak-banyak jenama ...