At last it was announced of the National Automatic Policy. I dont read the details but with the snip shots I gathered it didnt bring down the prices alot. Maybe less than 10%. So I guess the car price wont be cheap either though the government didnt compare with other countries pricing; but they will do when it is to increase their coffer. To me it is still expensive even comparing it with our neighbouring countries say Singapore and Thailand. Here we have the dealers who dont reduce prices because they claim they have their old stocks...Something never changes. When it is to their benefits the prices will be changed immediately. I wonder what the government going to do about it. Every time there is always a loophole for the traders to escape into and yet the government turns a blind eye...Even the banks increase the BLR but not the interest rates on savings and fixed deposits. If you deposit above $1million your fixed deposit rate reduces to 3% but if it is below $1million the interest rate is 3.7%. You think that if your deposit more you will get better interest....nay the banks think otherwise! So what the Bank Negara doing? Nothing!
Cars will be cheap now....but dont expect fantastic reduction in prices! It is just something nothing else...
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