KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) and Maybank Islamic Bhd have partnered to provide the country’s first syariah-compliant agility financing plan, the Perodua flexiplan, powered by Maybank Islamic myimpact drive financing-i.
The plan allows customers to enjoy a highly competitive murabahah vehicle term financing deal which leads to a more affordable monthly payment over an initial five-year term.
“Perodua will buy back the customer’s vehicle at a competitive price compared with market value for the purchase of a new Perodua model, subject to terms and conditions,” it said in a joint statement yesterday.
Additionally, there is flexibility in ownership where customers may trade-in freely for a new model or keep the current vehicle with a revised payment plan.
Customers may choose between four models under the Perodua flexiplan, namely the Myvi, Axia (excluding Axia E), Ativa, and Aruz.
“In the fifth year of the plan, customers have the option to trade-in their current Perodua vehicle for a new one. The secured residual value can be used to offset the down payment, effectively renewing the five-year term,” it said.
Alternatively, customers may choose to keep their current vehicle by settling the outstanding balance or extending the financing for up to four additional years under a revised payment plan.
“Perodua and Maybank Islamic are breaking new ground as we join forces to offer the best possible financing package – one that ensures a win for everyone,” said Perodua president and chief executive officer (CEO) Datuk Seri Zainal Abidin Ahmad.
According to Maybank community and financial services group CEO Syed Ahmad Taufik Albar, the group is committed to empowering its customers with flexible, transparent, inclusive, and sustainable financial solutions, and the Maybank Islamic myimpact drive financing-i reflects its values-based approach to banking. —Bernama
