When you’ve heard of ‘agility’ financing, made popular by premium brands, and wondered if such flexible schemes would sooner or later reach the mass market – here it’s. Perodua and Maybank Islamic are partnering up to supply the country’s first Shariah-compliant agility financing plan. Called Perodua Flexiplan, it’s based on Maybank Islamic’s myimpact Drive Financing-i.
A primary for each corporations (and a business bank; Mercedes-Benz and BMW have their very own financing arms), this financial statement is described as a ‘highly competitive Murabahah Vehicle Term Financing deal which ends up in a more cost-effective monthly payment over an initial five-year term’. Together with lower downpayment and monthly instalments, there’s the good thing about Perodua buying back the vehicle at ‘at a competitive price in comparison with market value’ for the acquisition of a brand new Perodua model.
That is just like the ‘guaranteed future value’ feature in similar schemes from premium brands. Terms and conditions apply, after all, so expect mileage caps and the automobile to be returned in fair condition, so keep this in mind in case you’re planning to make use of the automobile for e-hailing. Perodua will want the automobile back in decent shape as it is going to be channeled to the carmaker’s POV used automobile division.
Speaking of returning the automobile, upon reaching five years, the client will likely be given the choice to trade-in his/her automobile for a brand new model, with the secured residual value used to offset the downpayment for one more five-year term. Wish to keep the automobile as an alternative? Just settle the outstanding balance with money or extend financing for as much as 4 more years under a revised payment plan.
Eligible models under Perodua Flexiplan are the Myvi, Axia (excluding the ‘Rahmah’ Axia E), Ativa and Aruz. Why no Alza? Based on Perodua president and CEO Datuk Seri Zainal Abidin Ahmad, the MPV isn’t within the list because it still has a waiting list and Perodua is managing deliveries. The Bezza, Malaysia’s best-selling automobile by far and the most well-liked model for e-hailing, can be not included for now.
“Today, each Perodua and Maybank Islamic broke latest ground as we join forces to supply the very best possible financing package with ensures everybody wins. We imagine that with the backing of Malaysia’s biggest bank combined with the trust that we’ve earned from Malaysians; the Perodua Flexiplan will likely be well accepted,” Zainal added.
“Now we have at all times been committed to empowering our customers with flexible, transparent, inclusive, and sustainable financial solutions, and Maybank Islamic myimpact Drive Financing-i is a mirrored image to our values-based approach to banking. We’re proud and excited to supply this revolutionary approach to all Malaysians alongside Perodua – one which addresses the preferences of contemporary automobile buyers and empowering our customers with flexible ownership selections,” said Syed Ahmad Taufik Albar, Group CEO, Community and Financial Services, Maybank.
The 2 parties say that Perodua Flexiplan further enhances the ecosystem of Shariah-compliant solutions for Perodua vehicle owners, which incorporates Perodua Total Protect Plus comprehensive takaful underwritten by Etiqa – which comes with a further RM5,000 special peril coverage – in addition to ‘Credit Reducing Term Takaful’ as an added layer of protection for purchasers.
The businesses say that this financing plan enhances automobile ownership accessibility and creates a structure where ‘customers can change their vehicles conveniently for all times’s big moments’. For more information, ask your Perodua sales advisor or visit a Maybank branch.
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This Article First Appeared At paultan.org
