'Longer repayments won't solve high car price woes'

Increasing a duration for automobile loan repayments is not a answer to revoke a rakyat's weight from tall automobile prices, pronounced opposition celebration PKR.

"Lengthening a amends duration to give a impression which automobile prices have been lower is a move which won't solve problems, in truth it will weight a rakyat with a longer interest payment period," argued its executive of strategy Rafizi Ramli in a statement.

On a contrary, he believed which such schemes have been heading many immature Malaysians in to tall regard early in their lives.

The celebration was responding to International Trade as well as Industry Minister Mustapa Mohamed's parliamentary answer on Wednesday which a governmenthas no plansto cut automobile dig duties.

Mustapa (right) referred to which flexi-payment schemes offe! red by banks privately to students as well as graduates which offer longer amends durations can assistance a rakyat deal with tall automobile prices.

"His statement in a Dewan Rakyat which a payment schemes offering to students as well as graduates can assistance revoke a weight of tall automobile prices is erroneous as well as dangerous," claimed Rafizi.

Hidden taxation

The root complaint of such tall automobile prices, posited Rafizi, is a intensely tall dig avocation as well as other taxes which can inflate automobile prices by as much as 10! 0 percen t.

"Such hidden taxation complement used by BN all this while has caused a rakyat to be burdened by prolonged durations of tall regard by paying supervision taxes."

Rafizi (left) pronounced which his calculations on stream prices as well as loan repayments for popular automobile models show which a immature person earning about RM1,800! would ha! ve to spent about 53 percent of his or her income to repay automobile loans.

Excise duties, he said, have been inflating amends to about double what it would be without a additional supervision tax.

Rafizi reiteratedPKR's standthat expelling dig duties is still be a best way to revoke a weight as well as tall regard of a rakyat.

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