1,200 Vehicles Repossessed Every Month Across Malaysia

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As the nation grapples with this repo epidemic, questions arise about the financial stability of Malaysia's future generations and the looming spectre of economic decline.

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This repo epidemic, as it has come to be known, has left many questioning the financial stability of Malaysia’s future generations and the potential for a broader economic decline.At the same time, the rest are left to navigate the treacherous waters of financial uncertainty, unable to convince banks to extend their payment periods.

Aku ada tengok Tiktok tukang tarik kereta semalam, ramai rupanya rakyat Malaysia yg dapat surat tarik kereta/motor dari bank, ada yg tak bayar sampai 3-4 tahun. Perghh, mesti korang boleh teka banyak kereta brand apa kan. hahaFinancial mismanagement, particularly among younger Malaysians, has also played a significant role in this crisis.

True cause my lil sis is one of it. Skrng tgh susahkan mak ayah sbb malas nak kerja, jadi takde duit nak byr hutang. On top of it, amik full loan keluar kereta ends up tgh tunggu kena tarik sbb dah berbulan tak bayar. Dia buat semua ni sebelum pkp sbb masa tu dia tgk bekerja. https://t.co/Z0XOYNgPhW This problem is further compounded by the fact that many car owners are unaware of the standard operating procedures for repossession.

 

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