New Hire Purchase Act

Today Dec 2, 2011 - Still remember my fateful car crash on Dec 2, 1990 when I hit a cow and the front of my father's car was badly damaged.

New Hire Purchase Act

I think something is wrong with the new Hire Purchase Act passed by the parliament recently. I agree the need to inform the police if a particular car is to be repossessed BUT what puzzle me is the immediate depreciation of car prices. How can a RM35,000 car be sold at only RM7,000 after 6 years. It just doesn't make any sense.

The government must do something to correct this matter.