PETALING JAYA: Consumer groups lauded the newly passed Hire-Purchase Amendment Bill 2025, calling it a fairer and more transparent financing mechanism for car buyers compared to the current Rule 78.
Federation of Malaysian Consumers Associations (Fomca) secretary-general Saravanan Thambirajah said the new system would benefit car buyers who pay off their loans early or make bigger payments, as they’ll end up paying less interest overall.
