Advertisement

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.

Back to Hire Purchase (HP)'s Contents


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


Back to the top



Sponsored Links

Share this page

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

Related Knowledge Base Issues