BMW Malaysia has introduced the first-ever BMW X7, a new icon exemplifying the brand’s “new definition of progressive luxury”. The carmaker’s luxury-class Sports Activity Vehicle (SAV) is “the leading case study in modernity, luxury and presence which sets a new benchmark in the luxury segment”. The X7 – the xDrive40i Pure Excellence variant available for Malaysia – blends lavish presence, exclusivity and spaciousness with the versatile and agile driving properties customers would expect from an SAV. The latest and largest model in the BMW X range features outstanding powertrain and chassis technology, offers generous levels of space in each of the three rows of seats, a luxurious ambience and advanced equipment features, to deliver an unparalleled driving and interior experience. Its long list of features include: - Slender BMW Laserlight that can illuminate up to 600 metres ahead, cutting across for a stronger contrast. - 21-inch … [Read more...] about BMW Malaysia launch first-ever X7 and new 7 Series
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The event, which goes on until June 30, features a mix between new vehicles represented by official distributors, as well as previously-owned cars from leading used car dealers. New models expected to draw many potential customers include the MG ZS EV (all-electric and priced at Bt1.19 million), Toyota Commuter van boasting upgraded safety levels, and the Honda Accord midsize sedan that is also available in a hybrid version. Nissan is also promoting its Leaf EV by bringing EV experts and offering short-distance test drives and rides. Organiser Pattanadesh Asasappakij says that 11 car companies are coming along with 18 used car dealers. “Visitors are able to compare different models and makes before making a decision,” he said. “This is like a meeting place for buyers and sellers of both new and used vehicles.” He added that the show helps stimulate car sales and so helps support the country’s economic growth. Auto companies taking part this year … [Read more...] about Used cars join new models at FAST show at Bitec
Under the new policy, the usage of left-hand drive vehicles will be promoted for road safety purposes. Control measures on imports of used right-hand drive vehicles, which now dominate the market, will also be implemented. Meanwhile, tax incentives will be given to car makers with local assembly and production plants that meet international standards. Over the longer term, the country will aim to build up its auto-parts manufacturing industries to serve overseas markets. This is expected to help increase the usage of new left-hand drive vehicles in the economy by 4 percent, or 200,000 new vehicles, in the first five years and to 400,000 vehicles in next five. Over the longer term, the ministry is targeting a total of 1.2 million new vehicles. The number of vehicles used in Myanmar has spiked since the authorities liberalised vehicle imports in 2012. Now, automakers estimate that the number of vehicles used in Myanmar will exceed two million in 2020, more than doubling from 721,324 … [Read more...] about New policy aims to raise number of new cars on the road
While the status quo of transportation in Singapore is public transport, cars still make up a considerable portion of travel. But cars are no affordable alternative to public transportation as purchasing a car often requires a six-figure commitment. Thus, many people consider leasing rather than purchasing a vehicle. However, while leasing a car requires lower up front costs and peace of mind regarding maintenance and insurance, will it save the driver money over the long term? We break down the costs below. OWNING A CAR COSTS MORE INITIALLY, BUT IS CHEAPER LONG-TERM When deciding whether to buy or lease a car, drivers consider more than just the price of the vehicle. In the case of leasing, the convenience is an attractive benefit since you get a brand new car for a neat monthly price that includes insurance, roadside assistance, maintenance and road tax. Another benefit with leasing that can entice financially constrained drivers is that the upfront cost is an affordable deposit that … [Read more...] about Buying or leasing a car: Which one is cheaper?
MANILA -- A new car is a huge financial responsibility. You’ve got fluctuating prices of fuel and insurance payments on top of paying off your loan. Juggling the repayment of a car loan can be a struggle. While you think you already cut enough corners to make room for your monthly amortization, you cannot predict every other expense that comes your way. Here are tips to manage your missed or late car loan payments and avoid a heart-breaking repossession. For more finance tips, visit Moneymax. … [Read more...] about News Smart tips to pay off a car loan