Top 4 Cheapest Car In Malaysia For Salary of RM2500
It is undeniable that car can be considered as a daily necessity for everyone no matter if they are still a bachelor or married with family in this era especially those people who are working in the city. Thus, car ownership subconsciously becoming one of the most important aspect and is heavily considered in financial management as teh cost of car ownership like monthly car instalment, car service cost, gas, roadtax, car insurance and more.
According to Insolvency Department Of Malaysia, average of 18 individual have been declared bankcruptcy everyday in the first 5 months of 2022 with car purchase being the main factor of bankcruptcy. This occured because they can no longer afford to pay the car loan or monthly instalment. In order to avoid this issue from happening, you can apply for overlap loan where all of your loan like housing loan, car loan and credit card loan are merge into one new personal loan.
On account of that, it is best for us to know the types of the cheapest car in Malaysia so that the cost of car ownership will suit your financial ability and will not be a dead weight in the future. In addition, the demand for the cheapest car in Malaysia is rapidly increasing in the local market as well as internationally. In this article, we will calculate the explicit monthly cost of car ownership for these 4 most affordable car in Malaysia that will surely be pocket friendly and worth it.
Model of Affordable Car in Malaysia
There are various type of newly releases car models as well as used car in the market now that offers affordable and complete with security features and technology system that is up to date. Other than the exceptional performance, the comfort is also an important aspect in purchasing a car. Obviously, when purchasing a car, our initial thought is we want to use it for a long period of time, not only for 2-3 months only.
You also does not have to worry your head thinking about the service cost for these cheapest car in Malaysia model because the total bill will be a lot cheaper compared to other model that reach more than RM 300 for one session. But if your car took a heavy damage and involve a high repair cost, you can just use Auto Service Financing instalment plan by Direct Lending where you does not need to pay the car service bill in lumpsum and your car can be fixed instantly.
Some of the affordable car in Malaysia that you can try is Perodua Bezza, Perodua Axia, Perodua Myvi and Perodua Alza. We also break down the estimation for monthly cost of car ownership that you need to prepare yourself for like the car service cost, car insurance, road tax, gas and more for these models if you are planning to purchase one.
Cheapest Car In Malaysia For Salary Of RM2500 & Above
If you want to know whether you can afford to buy the to 4 cheapest car in Malaysia, you can refer the salary eligibility below.
| Car Model | Monthly Instalment | Recommended Salary |
| Perodua Axia G 1.0 AT | RM 354 | > RM 2500 |
| Perodua Bezza 1.0 Standard G- Auto | RM 387 | > RM 3000 |
| Perodua Myvi 1.3 Standard G Auto | RM 513 | > RM 3500 |
| Perodua Alza Baru 2022 1.5 x Auto | RM 661 | > RM5200 |
Monthly Cost for Perodua Axia
If you are looking for a hatchback car that offers fuel savings to the max, then Axia is the best choice that you can consider. Other than having an Eco System where it can reduce fuel burn and gas usage while driving, this car is also complete with security features like ABS Brake and Alarm System.
This affordable car also have a wide interior compared to Perodua Kelisa and Perodua Kancil even though small looking from outside. Axia model is infamous in users that just got their license because this model are usually use in driving class all over Malaysia. Other than that, Perodua Axia model is also favoured by fresh grads that just started their career due to the monthly instalment for Axia is lower as well as the compact size make it easy to maneuver.
The price offered in market (for Auto mode) starts from RM 33,490 for new model and RM 31,400 for used car and monthly instalment for Perodua Axia is as low as RM 354 only!
Below is the estimation of the monthly cost for Axia including car service with monthly instalment based on loan under 9 years andn 7 years as well as the interest rate of 3.0% and 10% downpayment.
Model Perodua Axia G 1.0 AT (RM 33,490)
| Tenure Period | 9 Years | 7 Years |
| Loan Amount (90%) | RM 30,141 | RM 30,141 |
| Monthly Instalment | RM 354.44 | RM 434.17 |
| Service Cost = RM 142.90 (once in 6 month) | RM 23.82 / *Monthly | RM 23.82 / *Monthly |
| Insurance = RM 1118/ yearly | RM 93.17/ *Monthly | RM 93.17/ *Monthly |
| Road Tax= RM 20/ yearly | RM 1.67/ *Monthly | RM 1.67/ *Monthly |
| Gas | RM 270.6 | RM 270.6 |
| Parking/ Toll | RM 200 | RM 200 |
| Estimated Monthly Cost | RM 943.7 | RM 1,023.43 |
Simply put, even though the monthly instalment cost for Perodua Axia is affordable, you also have to be prepared to pay for extra cost like car service cost, insurance, roadtax, gas, parking and tolls. The estimated amount above is the total cost that you need to prepare every month if you are planning to own one.
Monthly Cost for Perodua Bezza
Perodua Bezza is a sedan car that are becoming the number one choice for most of the taxi driver and e-hailing due to the efficient gas saving mode. Other than that, the rear bonnet is spacious is also one of the interesting features that caught peoples eyes as it make it easy to pack and load stuff for a long ride like goingback to your hometown or travelling.
This car also comes with a sophisticated feature which is Keyless Push Start Button and also security feature like ABS brake. The price offered in market for this affordable car in Malaysia starts from RM36,580 for new model and RM 31,900 for used model. Monthly instalment for Perodua Bezza is as low as RM 387 only!
Below is the estimation of the monthly cost for Bezza including car service with monthly instalment based on loan under 9 years andn 7 years as well as the interest rate of 3.0% and 10% downpayment.
Model Perodua Bezza 1.0 Standard G- Auto (RM 36,580)
| Tenure Period | 9 Years | 7 Years |
| Loan Amount (90%) | RM 32,922 | RM 32,922 |
| Monthly Instalment | RM 387.14 | RM 474.23 |
| Service Cost = RM 142.90 (once in 6 month) | RM 23.82 / *Monthly | RM 23.82 / *Monthly |
| Insurance = RM 1198.88/ yearly | RM 99.91/ *Monthly | RM 99.91/ *Monthly |
| Road Tax= RM 20/ yearly | RM 1.67/ *Monthly | RM 1.67/ *Monthly |
| Gas | RM 296 | RM 296 |
| Parking/ Toll | RM 200 | RM 200 |
| Estimated Monthly Cost | RM 1,008.54 | RM 1,095.63 |
Simply put, even though the monthly instalment cost for Perodua Bezza is affordable, you also have to be prepared to pay for extra cost like car service cost, insurance, roadtax, gas, pasrking and toll. The estimated amount above is the total cost that you need to prepare every month if you are planning to own one.
Monthly Cost for Perodua Myvi
Myvi or more known as ”King of The Road” by the Malaysian citizen is also included in the lost of the cheapest car in Malaysia that is currently hot in the market. The compact car model that become the icon car of Malaysia also offers fuel saving up to 4.5L/100km for 1.3 engine spec. The sporty design make it favoured by the youngsters that have a big interest in car.
This affordable car, Myvi also come with parking sensor and keyless entry features that make it easier for the user for the access the car without the hassle of looking for the car key. You only have to have the car key with you; be it in the pocket or in your bag. The device need to be ina few meters range from the car and then press the button at the door handle to open.
Price that is offered in the current market (for 1.3 engine) starts from RM48,500 for new model while RM 44,900 for used model. The monthly instalment for this affordable car in Malaysia, Myvi is as low as RM513 only!
Below is the estimation of the monthly cost for Myvi including car service with monthly instalment based on loan under 9 years and 7 years as well as the interest rate of 3.0% and 10% downpayment.
Model Perodua Myvi 1.3 Standard G Auto (RM 48,500)
| Tenure Period | 9 Years | 7 Years |
| Loan Amount (90%) | RM 43,650 | RM 43,650 |
| Monthly Instalment | RM 513.29 | RM 628.77 |
| Service Cost = RM 161.30 (once in 6 months) | RM 26.88 / *Monthly | RM 26.88 / *Monthly |
| Insurance = RM 1366.55/ yearly | RM 113.88/ *Monthly | RM 113.88/ *Monthly |
| Road Tax= RM 70/ yearly | RM 5.83/ *Monthly | RM 5.83/ *Monthly |
| Gas | RM 295.20 | RM 295.20 |
| Parking/ Toll | RM 200 | RM 200 |
| Estimated Monthly Cost | RM 1,155.08 | RM 1,270.56 |
Simply put, even though the monthly instalment cost for Perodua Myvi is affordable, you also have to be prepared to pay for extra cost like car service cost, insurance, roadtax, gas, parking and tolls. The estimated amount above is the total cost that you need to prepare every month if you are planning to own one.
Monthly Cost for Perodua Alza 2022
If you are married and hav ea family of your own, you might be looking for an affordable car that is bigger. Perhaps you can consider the new Perodua Alza 2022 as one of your option. This new Perodua Alza 2022 just ‘landed’ in Malaysia and have managed to collect more than 30,000 reservation since the model has been marketed last Jun. Alza is a type of MPV that offers 7 seater and fast selling in Malaysia up till now in its own category.
Some of the standard safety feature for this new model includes 6 air bags, ABS and EBD, Visual Safety Car (VSC) with the assistance of brake and rear sensor to help allocate other car. Other than that, the new Perodua Alza 2022 standadize their Advance Safety Assist or ASA in all varient. This includes; Pre- Collision Warning, Pre- Collision Assist Brake (For vehicle and pedestrian), Mis-pedal Operational Control and Front Depature Alert.
This top 4 affordable car in Malaysia is suitable for those who have a big family because of the spacious interior and the guaranteed comfort as well as the improved driving stability as the multiple purpose vehicle (MPV) is designed specifically for Malaysian driver and Malaysian road.
The new Alza 2022 are offered starting from RM 62,500 to RM 75,500 in the market. While the monthly instalment for the new Alza 2022 is as low as RM 661 only!
Below is the estimation of the monthly cost for Alza 2022 including car service with monthly instalment based on loan under 9 years and 7 years as well as the interest rate of 3.0% and 10% downpayment.
Model Perodua Alza 2022 1.5 x Auto (RM 62,500)
| Tenure Period | 9 Years | 7 Years |
| Loan Amount (90%) | RM 56,250 | RM 56,250 |
| Monthly Instalment | RM 661.46 | RM 810.27 |
| Service Cost = RM 118.70 (Once in 6 months) | RM 19.78 / *Monthly | RM 19.78 / *Monthly |
| Insurance = RM 1,872.80/ yearly | RM 156.07/ *Monthly | RM 156.07/ *Monthly |
| Road Tax= RM 90/ yearly | RM 7.50/ *Monthly | RM 7.50/ *Monthly |
| Gas | RM 344.40 | RM 344.40 |
| Parking/ Toll | RM 200 | RM 200 |
| Estimated Monthly Cost | RM 1,389.21 | RM 1,538.02 |
Simply put, even though the monthly instalment cost for Perodua Alza 2022 is affordable, you also have to be prepared to pay for extra cost like car service cost, insurance, roadtax, gas, parking and tolls. The estimated amount above is the total cost that you need to prepare every month if you are planning to own one.
Comparison Of The Monthly Cost for The Cheapest Car In Malaysia
| Car Model | Axia G 1.0 AT | Bezza 1.0 Standard G- Auto | Myvi 1.3 Standard G Auto | Perodua Alza 1.5 x Auto |
| Monthly Instalment | RM 354 | RM 387 | RM 513 | RM 661 |
| Service Cost | RM 23.82 / *Monthly | RM 23.82 / *Monthly | RM 26.88 / *Monthly | RM 19.78 / *Monthly |
| Insurance | RM 93.17/ *Monthly | RM 99.91/ *Monthly | RM 113.88/ *Monthly | RM 156.07/ *Monthly |
| Road Tax | RM 1.67/ *Monthly | RM 1.67/ *Monthly | RM 5.83/ *Monthly | RM 7.50/ *Monthly |
| Gas | RM 270.6 | RM 296 | RM 295.20 | RM 344.40 |
| Tolls/ Parking | RM 200 | RM 200 | RM 200 | RM 200 |
| Amount | RM 943.7 | RM 1,008.54 | RM 1,155.08 | RM 1,389.21 |
Based on table above, Perodua Axia G 1.0 AT is the cheapest amongst the cheapest car in Malaysia. Despite that, if you are interested in other models but you are concerned about the car service cost that you have to afford. Do not worry, as Direct Lending offers a Car Service Monthly Instalment Plan with paylater. This instalment car payment method is flexible with 3 or 6 times payment and also Syariah compliance.
Summary
Before buying a car, be reminded not to be blinded by the car monthly instalment only but you have to take into account and be ready for all the cost that you will need to afford after a few years after using the car. For example, old tyre change or busted tyre change, brake pad change and more.
So, which to 4 cheapest car in Malaysia is suitable and up to your liking? The decision is in your hand. What most important is chose the car based on your financial ability and do not be swayed by others. “Do not bite more than you can chew”.
This article is written by Direct Lending – An online personal lending platform that provides bank and koperasi personal loan as well as licensed moneylenders personal loan. For car owner, check out our car repair instalment plan- Repair car now, Pay later. We can help you find, compare and apply personal loan that best suits your financial needs. Check your eligibility for free, no upfront payment or processing fees and get a loan rates from 2.95% p.a. or 2 working days.
