Hold your horses. Don't sell that old car for scrap. It might just worth big bucks. The Malaysian Government is proposing a RM5,000 incentive for car owners to discard their old car for a new one (a new Proton, of course). Of course, it did not state what condition your old car should be in. Whether or not Proton will pay big bucks for a broken car, we have yet to see. I think it should be at least in runnig condition.
I question the effectiveness of the program. Come to think about it.....the majority Rakyat who are currently driving the sub RM5K car are the ones that are slightly above the poverty line and here is a program that is offering RM5K for that car and immediately that Rakyat owes the bank RM20K - RM25K coz the cheapest Proton Saga is approx. RM30k. Doesn;t make sense to me.
The benefit will most probably end as an incentive for the ones that are rich enough to upgrade to a new care.
Read more about the news here
http://www.thestar.com.my/news/story.asp?file=/2009/2/23/nation/3326225&sec=nation
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