Can I keep the motor vehicle registration card to enable me to renew my road tax upon expiry?
Generally, banking institutions will keep the registration card until the hire purchase (HP) financing has been fully settled in order to prevent any inconveniences that may arise due to damage, misplacement or theft of card.
As such for the convenience of their hirers, most banking institutions will provide insurance and road tax renewal services to their hirers.
Reprinted with permission from BankingInfo (A Consumer Education Programme by Bank Negara Malaysia)
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