How much money does it take to purchase a brand-new Perodua Alza?

How much monthly salary is needed to buy the new Perodua Alza?

A migrant worker who recently discovered that after buying a new Perodua Alza, he needed to pay roughly RM900 in instalments every month posted online asking netizens for money-saving advice. His monthly wage was barely RM1,500. What would be the monthly wage needed to purchase a new Perodua Alza?

The three models of the new Perodua Alza, 1.5X, 1.5H, and 1.5AV, are priced at RM62,500, RM68,000, and RM75,500, respectively, without auto insurance. The on-the-road costs for the three vehicles are around RM64,014.99, RM70,180.35, and RM77,373.27 after auto insurance.

Purchasing a base model Perodua Alza 1.5X with a 10% down payment, or 90% of the loan, will cost you approximately RM811 per month for a 7-year loan and approximately RM658 per month for a 9-year loan.

In the same situation, you would have to pay RM888 per month for 7 years of the loan and roughly RM721 per month for 9 years of the loan if you bought the Perodua Alza 1.5H standard version. The monthly cost for the loan for the 1.5AV high-end version is RM979 for 7 years, while the monthly payment for the loan for 9 years is RM795.

When purchasing a car, one should take into account not only the monthly instalment payment on the loan, but also the cost of returning the vehicle to the manufacturer for repairs. Every 10,000 kilometres, a Perodua Alza must be brought back to the factory for maintenance; in West Malaysia, this costs between RM186.40 and RM633.61. The price is just provided as a guide, and the actual maintenance cost will vary depending on the vehicle’s actual state.

A monthly salary of at least RM2,700 is required for a single person to pay off the Perodua Alza auto loan. In general, auto loan instalments shouldn’t be more than 50% of the monthly earnings, but in a perfect world, they shouldn’t be more than 30%.