🏦 Option 1: Bank Financing (Hire Purchase / Commercial Vehicle Loan)

Best for established businesses looking for lower interest rates.

Typical Terms

💵 Downpayment: 15% of OTR price
📊 Interest Rate: ~3.8% per annum (average)
📅 Loan Tenure: Up to 7 years
📂 Requirements: Company documents, financial statements, good credit record
⏳ Approval Time: Minimum 1 week

Who Is This For?

✔️ Established businesses with strong financial history
✔️ Companies with clean credit profile
✔️ SMEs aiming for lower interest rates

💳 Option 2: Credit / Leasing Companies

Ideal for newer or growing businesses needing easier approval.

Typical Terms

💵 Downpayment: 15% of OTR price
📊 Interest Rate: ~5.5% per annum (average)
📅 Loan Tenure: Up to 7 years
📂 Requirements: May require personal guarantor, 2+1 upfront payments
⏳ Approval Time: Minimum 1 week

Who Is This For?

✔️ New or growing SMEs
✔️ Companies with short or limited banking history
✔️ Businesses needing faster and more flexible approval

 

📋 Sample Monthly Installment Calculations

🚚 Example 1: RM 150,000 Vehicle

Loan Amount: RM 127,500 (15% downpayment)

5 years (Bank 3.8%): ~RM 2,350
5 years (Credit Co. 5.5%): ~RM 2,450

7 years (Bank 3.8%): ~RM 1,800
7 years (Credit Co. 5.5%): ~RM 1,900

🚛 Example 2: RM 180,000 Vehicle

Loan Amount: RM 153,000 (15% downpayment)

5 years (Bank 3.8%): ~RM 2,850
5 years (Credit Co. 5.5%): ~RM 2,950

7 years (Bank 3.8%): ~RM 2,150
7 years (Credit Co. 5.5%): ~RM 2,300

🚚 Example 3: RM 210,000 Vehicle

Loan Amount: RM 178,500 (15% downpayment)

5 years (Bank 3.8%): ~RM 3,300
5 years (Credit Co. 5.5%): ~RM 3,450

7 years (Bank 3.8%): ~RM 2,500
7 years (Credit Co. 5.5%): ~RM 2,650

 

📞 Need Help With Financing?

I work with multiple banks and credit companies to help you:

🔹 Compare financing options and secure the best rates
🔹 Prepare and submit documentation
🔹 Speed up approvals
🔹 Structure payments that fit your cash flow

Contact me for a personalized financing consultation.

⚠️ Disclaimer

All figures are estimates for illustration purposes only. Actual terms, rates, and monthly payments vary based on credit profile, chosen institution, and market conditions.

📞 Contact Ezad – 017 661 7101

Click here to direct Whatsapp me

Let’s talk about your needs:
✅ Get full specifications
✅ Arrange a test drive
✅ Discuss financing options

Your next truck has already proven itself — across three continents, over 7 million kilometers.

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Author: Ezad Alfuso, Truck Sales Advisor at Petaling Jaya.