but bottomline… this will create another unfair distribution of taxpayer money. not that is fair to even exist in the first place.

all of the monies goes to Proton (if purchase of new car is limited to Proton), which then flows into a few ‘cronies’ coffer.

that’s like taking our money and put in the ‘cronies’ bank account, the normal rakyat just the ‘medium’ to allowing the transfer to be done legally.

In return, rakyat get some sweetner that are not worth it at all, as car is essentially a liabilities. Banks via their finance arm will get the windfall (i.e. interest charges for loan.. rm5K not enuff to but a car what).

So does service centre, car seller etc. In the end everybody ‘happy’, eh?

Guess who gonna be the happiest?

Hope more of you will see this grande scheme in its true form..

or else we, the real rakyat, had and have been truly being completely blind and made senile by the real swindler (please stand up!).

Dont hentam sana sini without good reason….

“KUALA LUMPUR (Thomson Financial) – Malaysia’s Second Finance Minister Nor Mohamed Yakcop said Monday the government has not approved any proposal offering subsidies to car owners who voluntarily scrap their old cars and buy new ones made by national car maker Proton.”

“Citing sources, the Edge Financial Daily reported earlier today that the government will offer a 5,000 ringgit subsidy to car owners who voluntarily scrap their old cars, at least 15 years old or older, and replace them with Proton models.”

DENIED BY GAHMEN!!!

The scrap vehicles may ended up in third world country, ever wonder why Japanese half-cut are everywhere in Malaysia? In Africa n india, a lot of people still using old caburated engine, so selling the scrap engines or half-cuts to there is also a way of earning. I think the G must set something that 50% of the scrap cars must be recycle, or a lot of person will sell it for their own benefits.

2nd. if this policy becomes hugely successful, where are they going to dump all the old cars??? again use tax money to build a recycling plant? sell besi buruk?

3rd. who will be the one to ascertain the value of the car? the benchmark for setting this will be interesting. should use proxy vehicles in the market. but this is probably scrap value rather than resale value. so it’ll likely be lower than what an owner can get by selling the car unless the car koyak until cannot drive anymore. it’s scrap…..not resale!

4th. but if it is resale, then with all the cars traded in, can someone do some simple touch up and sell the car for more than rm10k each? another money making scheme for somebody?

5th. i think this policy is a step in the right direction. you cannot hope to introduce something like Singapore’s COE overnight as too many problems and it’ll throw the market into chaos.

6th. i’m not entirely convinced it will make a big difference in sales figures for proton in the long run. there may be a small spike.

my 2 sen

and if someone looking for non proton make they can sell it privately for other make.

What I can’t get my money back?! They gonna keep the money “JUST IN CASE” if I ever wanted to buy a Proton?! If people don’t want to buy a Proton, you think anyone want to voluntary give up their car for nothing in return until he/she wanted to buy a Proton?!

This is ridiculous!!!

If it really is implemented, Malaysian Government really is like too naive or what… whether is mandatory or not. just like some of you said, those more advance country has better ratio between salary and car price, even for lower income group and those countries all have better public transport system. In malaysia, can say the policy is designed for rich people who can afford the car loans but rich people don’t even care about it while normal or lower income group can’t accept it cos it’s not easy to pay for car loans even got rm5k subsidy. still cost rm20k to get a saga even if got rm5k subsidy ah… poor malaysians…

coolguru, forget about environmental friendly when we can buy a 20 years old technology as new car. When gov talk about environmental, I only smell $$$

So with the scraping, it probably averages at RM2-3k so still meaningless to scrap it to buy a proton! Might as well sell it where possible and get the cash to buy something else.

And one weird thing, why would make, quality and market value matter for scraping, haaa… it’d be all flat rate… since the end beneficiary is Proton, national service mah!

Anyway, let’s think it’s more environment friendly…

Who cares about the market price if it’s going to be scrapped. Maybe should determine by the amount of metal can get to scrap the car.

July 24, 2007 @ 3:40 pm
Cars older than 15 years? Saga more than 20 years still being sold? Brand new Saga should cost RM5K!
=========================

You said brand New rite..So not old rite….APA LAA

Mercedes 1992 is around 28k
CIvic, toyota still higher….

So in that case, dont be so stupid laa to scrap it…AIYA ini pon susah kaa mau pikir…
The lowerst car at the moment is PROTON, So who had PRTON SAGA can laa….
If still want keep it..keep laaa

Cheers