fbpx
Connect with us

News

Most Showrooms Out of Stock As Malaysians Rush to Buy Tax-Free Cars

Published

‘Tax-Free’ Car Stocks Selling Out Fast - World Of Buzz 2
Source:Sinchew

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

With the removal of the Goods and Services Tax (GST), many Malaysians have been rushing to do their shopping during this tax holiday but if you’re looking to buy a car then you may be disappointed. That’s because many major car showrooms are already overbooked and customers who wish to purchase tax-free cars are being turned down.

‘Tax-Free’ Car Stocks Selling Out Fast - World Of Buzz

Source: the star

According to a report by The Star, even though the there is still about a month left for the tax holiday, most car companies do not have any more “tax-free” car stocks.

Nonetheless, you can try your some luck because some car companies are still accepting orders before the GST-free period ends for delivery past the August 31 deadline.

Annison Francis, a sales representative said that the Mazda showroom in Taman Tun Dr Ismail, had no more stock for GST zero-rated cars but that they are still accepting bookings during this period until the new Sales and Service Tax (SST) starts on September 1.

“If customers place their bookings during this period and get their loans approved, we will fulfil the zero-GST price even after September 1,” he explained.

Meanwhile, Nicolas Foong, a Honda sales rep said that his showroom’s stock was “entirely cleared out.” Looks like these cars are really selling like hotcakes! 

“Since June 20, we have been directed to explain to each potential customer that there is a possibility that they might not get their car before September 1 when the SST kicks in. We only have several hundred units coming in per month to fulfil orders, so those who have already paid their booking fee and have the loan documents ready get priority,” he added.

‘Tax-Free’ Car Stocks Sold Out - World Of Buzz 2

Source: the star

“Even our display units have been sold. I’ve got friends selling other car brands who are also working in empty showrooms,” said Foong, who works with Honda at Tenaga Setia Resources in Section 51, Petaling Jaya.

Many Malaysians have the same idea during this tax-free period and they are rushing to get their hands on the stock of cars. The amount one could save from the absence of these taxes is incredible as one customer told The Star that he saved RM16,000 when he bought a Toyota Camry Hybrid.

That’s probably why these showrooms are beginning to run out of stock, so you better hurry up and perhaps you can still buy a new car before the tax holiday ends!

 

Also read: Study: 97% of Goods Became Cheaper Just A Month After GST Was Abolished

‘Tax-Free’ Car Stocks Sold Out - World Of Buzz 1

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Collage 21 Collage 21
News13 hours ago

“Allah planned it this way” – Kelantan Deputy MB Responds to Arrest of Kelantanese Singer in Thailand

Just recently, a Kelantanese singer with 5 other individuals was arrested by Thai Police. 6,000 meth pills were also found...

My Post 1 2024 11 04T150004.665 My Post 1 2024 11 04T150004.665
News15 hours ago

Anthony Loke: Govt Will Cease The Sales & Registration of NGV Nationwide Starting July 2025

Starting from July 1, 2025, all vehicles using natural gas (NGV) will no longer be allowed to be registered or...

Collage 14 1 Collage 14 1
News16 hours ago

Zahid Hamidi: Johor to Introduce RM4K Starting Salary for Skilled Workers with Diploma, RM5K for Degree

The launch of the Johor Talent Development Council (JTDC) has made Johor the first state in Malaysia to establish a...

Feat Image Jail Ic Feat Image Jail Ic
News16 hours ago

This Controversial Law Can Land M’sians Up to 5-Year Jail, RM50K Fine Just for Not Having MyKad with Them

There have been many viral stories in the past about Malaysians finding themselves in trouble with the authorities for not...

My Post 1 2024 11 04T122638.683 My Post 1 2024 11 04T122638.683
News18 hours ago

M’sian Teenager Sentenced to Life in Prison in the UK for Attacking Sleeping Schoolmates with Hammer

A Malaysian teenager has been sentenced to life in prison in the United Kingdom (UK) after he attacked 2 of...

Collage 13 1 Collage 13 1
News18 hours ago

After 5 Months, Bodyguard Who Allegedly Assaulted OKU E-Hailing Driver Will be Charged in KL High Court

In an incident that occurred in May, a Malaysian e-hailing driver with a disability was reportedly punched by an escort...

Collage 12 1 Collage 12 1
News20 hours ago

Moo Deng, The Cute Baby Hippo Taking World by Storm, Wins Video of the Year at TikTok Awards Thailand!

Moo Deng has blown up on TikTok, where her cute videos have racked up millions of views. With her chubby...

Feat Image Tgif Feat Image Tgif
News1 day ago

Popular Restaurant Chain TGI Fridays Files for Bankruptcy Due to Prolonged Financial Challenges

Popular restaurant chain TGI Fridays has filed for bankruptcy in the United States after suffering prolonged financial challenges and a...

Announcement

Latest Videos



TRENDING TODAY