The paultan.org The Electric Vehicle Expo (EVx) is taking place this weekend and the electric car show is entering its third year in Setia City Convention Centre (SCCC) ABOVE July 20 And 21. Co-sponsored by Carro, Gentari, RHB And JuiceEVx is the one-stop shop for everything electric vehicles in Malaysia.
As a strong advocate of sustainability, RHB encourages the adoption of sustainable energy vehicles through comprehensive financing solutions not only by offering competitive fixed interest rates from as low as 2.00% per annum but also by offering RHB Vehicle Financing-i, a variable interest rate finance programme that offers low initial interest rates and a host of attractive benefits to vehicle buyers.
Among them is variable finance, which is particularly appealing to some car buyers because the interest rate – often referred to as the interest rate – is calculated on a daily amortization and declining balance basis, similar to today’s home loan financing.
This is beneficial for car buyers if they have extra money or they plan to repay the loan early, even a day early, as the extra payments will reduce the principal amount, thus reducing the interest charges on their finance. Since fixed-rate finance is common for car loans, many people may not know that variable interest rates will give you flexibility and full control over the total interest that RHB charges on new electric vehicles.
Currently, the current calculation method for Fixed Interest Rate is the “Rule of 78” where the majority of the monthly payment is used to pay interest instead of reducing the principal balance. The CCOB Task Force proposes to amend the Installment Purchase Act 1967 to prohibit the use of Rule 78 for calculating interest and instead adopt the reducing balance method, which is the method that RHB Vehicle Financing-i is offering to its customers.
A variety of electric vehicles will be available for visitors to the EVx 2024 to browse, from Mercedes-Benz, BMW, MINI, smart, Kia, BYD, Chery, Lotus Cars And GROUPwith exclusive new car previews and test drives of various models in store. Kineta And Trap will also be present at the event.
New to the world of electric vehicles? EVx 2024 is a great place to get your charging and infrastructure questions answered, as stakeholders such as EV charge point operators (CPOs) and relevant agencies will be on hand to answer any questions you may have. From now until 31 December 2024, any successful EV or PHEV financing from RHB will be entitled to a free charging credit worth RM210, so make sure you don’t miss out!
There’s more – order a new car at EVx and you’ll get RM1,500 Shopping Voucher – a RM500 voucher for car window film (V-Kool), a RM500 voucher for car floor mats (DodoMat) and a RM500 voucher for customised and personalised leather seats (DK Schweizer). You better hurry, as these vouchers will only be given out during EVx on 20 and 21 July and are limited to the first 100 new EV orders.
EVx 2024 is scheduled to take place at Setia City Convention Center ABOVE July 20-21and admission is free. See you there!
