Perodua Axia’s Monthly Payments and Loan Calculation in Malaysia

【PCauto】In today’s fiercely competitive automotive market, the Perodua Axia has garnered significant attention, quickly capturing the interest of many consumers with its unique appeal.

Perodua Axia’s Monthly Payments and Loans

The 2023 Perodua Axia E 1.0 MT is priced at RM 22,000, with a down payment of RM 2,200 required. With an annual interest rate of 3.5%, the loan term can be extended up to 5 years, resulting in an estimated monthly payment of RM 388 and a total interest of approximately RM 3,465.

The 2023 Perodua Axia 1.0 G is priced at RM 38,600, requiring a down payment of RM 3,860. Under the same interest rate and loan term, the expected monthly payment is RM 680, with a total interest of about RM 6,079.

The 2023 Perodua Axia 1.0 X is priced at RM 40,000, requiring a down payment of RM 4,000. Under the same interest rate and loan term, the estimated monthly payment will be RM 705, with total interest around RM 6,300.

The 2023 Perodua Axia 1.0 SE is priced at RM 44,000 with a down payment of RM 4,400, leading to an expected monthly payment of RM 776 and a total interest of about RM 6,930 with an annual interest rate of 3.5% and the loan term extended up to 5 years.

Lastly, the 2023 Perodua Axia 1.0 AV is priced at RM 49,500 and requires a down payment of RM 4,950, with a projected monthly payment of RM 872 and total interest estimated at RM 7,796. The annual interest rate is 3.5% and the loan term could be extended up to 5 years.

What are the Prices for the 2023 Perodua Axia?

· 2023 Perodua Axia E 1.0 MT: RM 22,000

· 2023 Perodua Axia 1.0 G: RM 38,600

· 2023 Perodua Axia 1.0 X: RM 40,000

· 2023 Perodua Axia 1.0 SE: RM 44,000

· 2023 Perodua Axia 1.0 AV: RM 49,500

What are the Prices for Older Models of the Perodua Axia?

· 2019 Perodua Axia starts at RM 38,890

· 2018 Perodua Axia starts at RM 37,490

The Engine of Perodua Axia

The Perodua Axia is equipped with a 1.0L naturally aspirated engine. With the capacity of 998cc, the engine produces a maximum power of 50 kW at 6,000 rpm and delivers a peak torque of 91 N·m at 4,400 rpm. It is paired with a CVT transmission and features front-wheel drive.

Review for 2023 Perodua Axia Exterior

The exterior design of the 2023 Perodua Axia is stylish and sporty, while also emphasizing practicality and aerodynamics. It features a large front grille combined with sharp headlamp designs that create a strong visual impact. The streamlined body lines and high waistline contribute to a dynamic appearance, while the rear design is simplistic with unique taillight styling, giving it a modern and classy feeling. Additionally, the vehicle is equipped with large alloy wheels that enhance its aesthetic appeal as well as stability and handling.

Review for 2023 Perodua Axia Interior

The interior of the 2023 Perodua Axia utilizes a black and silver color scheme, creating a fashionable and sporty atmosphere. The dashboard is designed to be simple and user-friendly, with well-placed functional buttons for easy operation. It features a large LCD display providing clear images and a wealth of information. Moreover, the vehicle includes comfortable features such as automatic air conditioning and a multifunction steering wheel that enhance the driving experience. The seats are made of breathable fabric for comfort, and the rear seats can fold down, increasing the trunk space for carrying larger items.

Recommendations for Financing the Perodua Axia

When considering financing a car in Malaysia, it is essential to plan thoroughly. First, evaluate your financial situation and adhere to a sensible car-buying budget; a common guideline is the 70% income rule, which suggests that the car price should not exceed 70% of your annual income to avoid excessive loan pressure.

Next, consider the loan details: typical loan terms are usually between 7 to 9 years. A longer term results in lower monthly payments but higher overall interest. Increasing your down payment can reduce both the loan amount and interest. For example, if the car price is RM 70,000 and your down payment is RM 10,000, you would finance RM 60,000, with interest rates generally between 2.3% - 3.5% for new cars and 3.5% - 4.2% for used cars, depending on the vehicle model, credit history, and more.

Furthermore, don't just focus on the car price and installment payments;  ongoing costs such as insurance, road tax, maintenance, and fuel need considering. Insurance needs to be renewed annually, and costs depend on factors like the type of policy and vehicle value. Road tax is charged based on engine capacity and is due quarterly. Maintenance costs vary by vehicle age and model, while fuel expenses relate to usage frequency and vehicle fuel efficiency.

In summary, carefully considering all these factors and making a wise decision will ensure that you enjoy the convenience of a vehicle while maintaining good financial health.