EVs with pay-as you-use packages will be the next revolution driver after financial reset (projected to be 90% of all new sales – 10% normal loan)

 

Only in Malaysia and Indonesia will diesel trucks and cars will still be popular to support their palm oil industries but the financing model will be changed drastically, where most will adopt a pay-as-you-use model. How it can work when all these factors in flexi-payments can be customised :

  • Lease Purchase

    • A form of Hire Purchase in which a sum is deferred until the end of the contract. This sum isn’t optional and must be paid. It can be a balloon payment at the end of the loan.

  • Monthly rentals

    • The amount paid every month under leasing agreements. They’re not classed as repayments as the car will be handed back to the leasing company at the end of the agreement.

  • Option to purchase fee

    • A voluntary payment which, if paid, transfers ownership of the car to the customer.

So your credit ratings, the package you chose will determine the interests you pay, and the insurance coverage you need. A good start is to know if you want to own or lease the car. In a pay-as-you-go model you are actually paying rental with benefits for a contract fixed amount of time, you are not the owner until you buy over with an option to purchase fee, and the value of the car will be determined by valuers when you sign the option to purchase. Any kinds of customisation can be done based on your affordability, credit ratings and the minimum downpayment. Since everything can be customisable, I expect future purchases of cars will be financed this way, 90% of all EVs and Non-EVs models, bringing car sales back to the auto industry worldwide.

Contributed by Oogle.

Author: Gilbert Tan TS

IT expert with more than 20 years experience in Multiple OS, Security, Data & Internet , Interests include AI and Big Data, Internet and multimedia. An experienced Real Estate agent, Insurance agent, and a Futures trader. I am capable of finding any answers in the world you want as long as there are reports available online for me to do my own research to bring you closest to all the unsolved mysteries in this world, because I can find all the paths to the Truth, and what the Future holds. All I need is to observe, test and probe to research on anything I want, what you need to do will take months to achieve, all I need is a few hours.​

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