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Is Renting A Car Cheaper Than Buying One In Malaysia?

by Adleena
January 18, 2024
SOURCE: CANVA (FOR ILLUSTRATION PURPOSES ONLY)

SOURCE: CANVA (FOR ILLUSTRATION PURPOSES ONLY)

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While owning a car can be convenient, especially if you travel a lot, it can also be a huge commitment because you’ll have to fork out a large sum from your monthly pay cheque. However, is renting a car every month a better alternative?

A Twitter user named Picky recently shared a listing for what looked like a car rental service. The listing shows that customers can rent different cars for around RM400 to RM600 per month, which is considerably cheaper than the average monthly car repayment. The rides are also around 1 to 6 years old, with the “newest” being a 2023 Perodua Axia. In his post, Picky also wrote, “Why would you buy a car if you can rent one every month?”.

SOURCE: TWITTER
SOURCES: TWITTER
SOURCES: TWITTER

Many netizens have responded to the post, sharing mixed reactions. Many were shocked at the possibility of renting a car being cheaper than owning one, saying it could be a good option for some. Others were unsurprisingly skeptical of the prices, saying there might be hidden charges within the terms and conditions. Some immediately argue that renting a car is not a good alternative and even calling it a “financial disaster”.

Of course, looking at the prices for the car rental, you might think that it sounds too good to be true – and that’s because it is. The name of the car rental service is Flux. By clicking on the link, the Picky shows that the prices are only applicable if you rent the car for 36 months. If you rent a car for only a month, you’ll have to pay at least RM2,000, even for a domestic brand. It may be cheaper if you join their subscription service, but there are still several steps before you can get the price advertised in Picky’s tweet.

SOURCE: FLUX
SOURCE: FLUX

With the ongoing traffic jam these days, many still prefer public transport and the occasional Grab rides.

Sources: Twitter, Flux

buying car in Malaysiacar rentalFlux Car Subscription
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