How much deposit should I pay when buying a vehicle on hire purchase?

The minimum deposit is 10% of the cash price of the motor vehicle.

However, your banking institution may ask for a higher deposit at its discretion.

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Reprinted with permission from BankingInfo (A Consumer Education Programme by Bank Negara Malaysia)

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Knowledge Base ID :   1300
Last Reviewed :   May 22, 2014
Source :   BankingInfo
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