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GST: Should You Wait for 1 June to Buy Your Car? - #KonOTR | EvoMalaysia.com

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80 ratings | 9445 views
So, the new Pakatan Harapan Government has kept their word on abolishing GST and it's taking effect on 1 June 2018. This means official new car prices will come down on that day. If you're in a buying mood, there's no need to wait, car companies are throwing discounts and rebates to cover for GST. This essentially means, you can bargain hard and buy now. Subscribe after watching and give us a like at www.facebook.com/aurizn. Our team also includes: - Bobby: https://www.youtube.com/channel/UCzzamhkOmpSnZ7BSBikvKnA?pbjreload=10 - Beng: https://www.youtube.com/channel/UCSHA1qOxygNKl3HX8EBuQlw www.aurizn.com www.evomalaysia.com www.estatemalaysia.com www.caratmalaysia.com www.idmalaysia.com
Category: Транспорт
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Text Comments (73)
Philip Sta Maria (27 days ago)
Good review dude!
Kon Wai Luen (26 days ago)
Thanks for watching!
Eddie Ng (29 days ago)
Dumb ass, there will be a grace period and there will also be given an implementation period. You think this one stock market ah? Gov won't simply throw the SST in at any time or rate they wanted, and there will be provisions made to cater for backlog orders. At the start of the video, spoke about not dwelling into economics is right, you should stick with car review.
Kon Wai Luen (29 days ago)
Mate, you were criticizing without understanding the message. This video addresses the question on whether consumers should wait till 1 June 2018 before buying their cars. At no point in the video did I mention anything about SST going to be suddenly thrown into the picture. All I said was, at the time the video was filmed, we don't know when SST is coming back and by how much. Nothing was confirmed at that point in time. As I type this comment, it has only been confirmed that SST will be 10%. This report from FMT only states that SST will be implemented 'this year' without giving a specific date: http://www.freemalaysiatoday.com/category/nation/2018/05/22/sst-will-definitely-be-implemented-this-year-says-finance-ministry/ My experience in this industry suggest that provisions will definitely be made for backlogged orders. Say, for example, once government confirms that SST 10% will come into force on 1 Sept 2018, car companies will usually find a way to ensure that orders placed up to and including 31 Aug will not be subject to 10% SST.
KT Phoon (29 days ago)
the cable is annoying
Kon Wai Luen (29 days ago)
it's a test of your patience.
Wong Wai-Kit (29 days ago)
Don't buy, just take grab, relax in car play phone and sleep , have driver do the tiring work.
Kon Wai Luen (29 days ago)
Hahaha.. that's one solution
Hero Hour (29 days ago)
Good hint, Thank You!
Kon Wai Luen (29 days ago)
Happy shopping!
simon kok (29 days ago)
識少少辦伐表,不要誤人自弟。got nothing else to post, simply post rubbish just for the sake of exposure
Kon Wai Luen (29 days ago)
lol. rubbish comment.
Imran Shukor (30 days ago)
Omg this is so useful. Thank you! Im currently confused between City or Vios 🤭 now waiting the Honda’s answer so that I can decide between two. But I would like to know your opinion. Which one would u choose? 😂
Kon Wai Luen (29 days ago)
They are both good choices, so it really boils down to a matter of preference.
tham sihou (30 days ago)
I purchased my proton last year. Can I know how & where should I get the voucher from ?? 🤔
Kon Wai Luen (29 days ago)
Bought last year means no more lor.
许友祥 (30 days ago)
now i have loan city hybrid.... but no have gst bonus haha
Kon Wai Luen (29 days ago)
Yeah, bought adi means no more.
McClane Ng (30 days ago)
Not everyday buying new car
Kon Wai Luen (29 days ago)
I'd love to be able to do that.
mahadzir abd karim (30 days ago)
no need enought no more loan+interest cukup 3 kereta all dh ada geran d tangan
Kon Wai Luen (30 days ago)
Oh... kereta yang tak yah bayar monthly la paling best.
Kelvin Kh (30 days ago)
But then.. if you don't wait till 1/6/2018.. you'd pay interest for the 6%. Unless one is buying the car cash.
Kon Wai Luen (30 days ago)
That's a fair point, but as I said, the salespeople are eager for you to sign on the dotted line, so there will be incentives to pull you in.
crysisownz (30 days ago)
For me if u have the money just buy now..if ur money is not enough yet even for a 20% of the car u want,forget bout it je lh.. there's always another time,0% gst is a great time to buy gadgets..cars and houses might be tempting but look at the margin first before buy as it is a BIG purchase
Kon Wai Luen (30 days ago)
Agreed. Buy within what you can afford.
rere rerer (30 days ago)
Hi Mr.kon, am about to purchase a new car without loan, may I know when i should pay for the car? Only paid booking fee
rere rerer (30 days ago)
I see, thanks for the input
Kon Wai Luen (30 days ago)
When the car is ready to be delivered.
khabbab lamberghini (30 days ago)
.....I thought this is a car review channel.... Y bring politic here...DICKFACE
Kon Wai Luen (29 days ago)
khabbab lamberghini (29 days ago)
Kon Wai Luen nice dickface
Kon Wai Luen (29 days ago)
dude, we are in a new Malaysia. insults like yours lapok already. please come up with something more original if you want to caci people.
khabbab lamberghini (29 days ago)
Kon Wai Luen true Chinese dickface
Kon Wai Luen (29 days ago)
hasn't stopped you from watching.
Mike Yip (30 days ago)
FAKE NEWS. No fixed date for abolishing GST. All of us kena conned.
Kon Wai Luen (29 days ago)
Paperwork. Because the GST system is still in place, they cannot suddenly say no GST. But they can set GST to 0. The accountants still need to run their accounting and documentations.
Cheah Seng Oon (30 days ago)
What's the difference between abolish GST and 0% GST ? Fishy indeed.
Kon Wai Luen (30 days ago)
Well, if we are to be technical about it, GST is zero-rated till further notice.
Whiskey93 (30 days ago)
If i the customers i will buy now cos once sst comeback we dont know how many percent it will be. For now we already know the 6% is become 0% and some people can use the 6% value money to top up with the rebate and another amount of money for downpayment. Thats mean customers dont have the burden too much to out money for 10% DP. Unless the customers can give more than 10% DP for the new car. The more DP the lower the monthly it would be. Bare in mind festive season is coming and next year you need to renew the insurance. But will this effect the interest rate by bank for loan once SST take effective after 1 June 2018?
Kon Wai Luen (30 days ago)
There are a lot of factors at play, and I'm not good enough an economist to predict how the bank will adjust interest rates once SST kicks in.
Betty Yeoh (30 days ago)
But then the used car value will dip in my opinion! Thus it comes bk to square one if one trade in their car! It’s good for a first time buyer!
Kon Wai Luen (30 days ago)
that's true, but it boils down to your negotiation power to get the best trade in deal for your car.
Ganesh c (30 days ago)
well done explanation
Kon Wai Luen (30 days ago)
Thanks for watching!
draco lee (30 days ago)
which means when i buy car in june 2018 will not effected by 6% GST and 10% SST ? What if i buy cars after SST Kicks in ? I planned to buy a Perodua Myvi. Will SST effected much ?
Kon Wai Luen (30 days ago)
SST will definitely impact your new car's purchase price when it comes into force, though by how much remains pending announcement la. A lot of people are speculating it will be 10%, but truth is we don't really know when SST is coming back and by how much. Politically, the new PH govt wouldn't want to set too high a figure for fear of backlash, but we'll wait and see.
Lee Wei Ye (30 days ago)
What about buying a used car? Best between 1st June and SST?
Kon Wai Luen (30 days ago)
Impact on used car is less significant. If you are buying direct from an owner, GST or SST does not even come into play. For used car dealers, it was explained to me that GST is applied only to the mark-up margin of the car. So if a dealer takes a car in at RM100k and sells it for RM120k, GST is 6% of RM20k.
Akim Iqbal (30 days ago)
I submitted loan this week 😅 hope can get the car before price hike
Kon Wai Luen (30 days ago)
If submit this week, and your documentation is complete, should be sorted in time. I believe with 1MDB and all, Finance Ministry will have a lot of issues on their hand before having the time to look at reviving SST.
ViNCENiO VL (30 days ago)
I wonder if some brand normally used to give huge discount all these while.. will they use this No GST of 6% to change the game play? For example, A4 last time can offer discount around RM30K.. Now they offering without GST of 6% with rebates of RM15K + free gifts..
Kon Wai Luen (30 days ago)
Haaa... good question, this really depends on how they mark the discounts and GST on their books.
Castelo Roy (30 days ago)
In all fake..lge has made announcement about gst...fuck pakatan haprak
Kon Wai Luen (30 days ago)
If he has, I missed it.
Aideed Razin Ong (30 days ago)
Is he driving a manual proton waja ?
Kon Wai Luen (30 days ago)
2007 Campro MC3 manual
Mike (30 days ago)
Aideed Razin Ong yes
navind chitty (1 month ago)
Malaysia boleh, since got 6% reduce... they use hari raya name. usually give 10% rebate... now give 6% rebate + 4% raya rebate
Kon Wai Luen (30 days ago)
Plenty of ways to play the game.
navind chitty (1 month ago)
Chan don't mind me, just being a netizen commenting negatively hehe..
Chan (1 month ago)
navind chitty Not necessarily this case. For instance, Mazda dont normally offers cash rebates unless during roadshows.. But from this gst removal, they may be coming out with new price list which significantly has more added value than those offered during roadshows
navind chitty (1 month ago)
first post!
navind chitty (30 days ago)
Betty Yeoh (30 days ago)
navind chitty congratulations!

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