{"id":32972,"date":"2018-01-26T18:11:49","date_gmt":"2018-01-26T10:11:49","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=32972"},"modified":"2018-01-26T18:11:49","modified_gmt":"2018-01-26T10:11:49","slug":"banks-deny-lower-car-sales","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/banks-deny-lower-car-sales","title":{"rendered":"It Wasn\u2019t Us, Say Banks On Lower Car Sales"},"content":{"rendered":"<p>Malaysian banks have denied playing a role in lower car sales, saying they will continue to support the automotive sector, after complaints that stricter lending regulations could hamper sales.<\/p>\n<p>The Malaysian Automotive Association (MAA) issued a statement claiming local carmakers Perodua and Proton would be hit the most by the continued enforcement of strict lending guidelines including for hire purchase loans.<\/p>\n<p>The Association of Banks in Malaysia (ABM) responded, saying its members would continue giving loans but only eligible consumers based on existing guidelines.<\/p>\n<p>ABM added that it would continue to provide financing, including hire purchase loans, to eligible consumers based on their suitability and affordability assessment.<\/p>\n<p>\u201cThis is important to ensure that consumers are not unduly burdened by excessive debt,\u201d it said in a statement.<\/p>\n<p>MAA president Datuk Aishah Ahmad during a media briefing yesterday said stringent lending for hire purchases would be the biggest hurdle for the industry this year, business daily <em>The Edge<\/em> reported yesterday.<\/p>\n<p><a href=\"http:\/\/www.themalaymailonline.com\/malaysia\/article\/banks-deny-role-in-lower-car-sales-says-have-been-supportive#f81G1LXk9iPH7myf.97\" rel=\"nofollow\"><em>[Source]<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>So who is to blame?<\/p>\n","protected":false},"author":29,"featured_media":30524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[237,19,216],"tags":[],"class_list":["post-32972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-autos","category-car-loan","category-news-updates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - 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