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Besides the brand of the car, driving performance, safety features, and fuel efficiency, the list of cheap and affordable car prices is among the factors that need to be considered before buying your dream car. If you make a mistake and buy a car that exceeds your affordability, the monthly expenses could become a burden. This is because not only do you have to pay the car loan, but also consider the costs of owning a car such as car insurance, road tax, car maintenance, and many more.
Car Price List: Cheap Car Prices, Affordable Cars Based on Income in Malaysia 2024
This article will list the latest cheap car prices in Malaysia for those who want to buy a new car from brands such as Perodua, Proton, Toyota, BMW, Mazda, Nissan, and more. This basic guide to cheap car prices can help you choose a suitable car model based on the current price offers.
Proton Car Prices in 2024 in Malaysia
Here is the latest list of car prices for all Proton car models for the year 2022. The prices displayed are the current on-the-road (OTR) vehicle prices and do not include insurance.
| Car Model | Variant | Latest Car Prices |
| Proton Saga | 1.3 Standard MT | RM32,800 |
| 1.3 Standard AT | RM35,800 | |
| 1.3 Premium AT | RM39,800 | |
| Proton Iriz | 1.3 Standard MT | RM36,700 |
| 1.3 Standard CVT | RM39,700 | |
| 1.3 Executive CVT | RM44,700 | |
| 1.3 Executive CVT | RM46,700 | |
| 1.6 Premium CVT | RM50,700 | |
| Proton Persona | 1.6 Standard MT | RM42,600 |
| 1.6 Standard CVT | RM44,600 | |
| 1.6 Executive CVT | RM49,600 | |
| 1.6 Premium CVT | RM54,600 | |
| Proton X70 | I.8 TGDI Standard 2WD | RM94,800 |
| I.8 TGDI Executive 2WD | RM106,800 | |
| I.8 TGDI Premium 2WD | RM119,800 | |
| I.8 TGDI Premium X 2WD | RM122,800 | |
| Proton Exora | 1.6 Executive CVT | RM59,800 |
| 1.6 Premium CVT | RM66,800 |
Perodua Car Prices in 2024 in Malaysia
There are many affordable car options from Perodua that you can choose as your first car. Here is a list of the latest car prices for all Perodua car models for 2024. The prices shown are the latest on-the-road (OTR) vehicle prices, excluding insurance.
| Car Model | Variant | Latest Car Price |
| Perodua Axia | 1.0 E | RM24,090 |
| 1.0 G (AT) | RM33,490 | |
| 1.0 GXtra (AT) | RM34,990 | |
| 1.0 Style (AT) | RM38,890 | |
| 1.0 SE (AT) | RM38,890 | |
| 1.0 Advance (AT) | RM43,190 | |
| Perodua Bezza | 1.0 G (MT) | RM34,580 |
| 1.0 G (AT) | RM36,580 | |
| 1.3 X (AT) | RM43,980 | |
| 1.3 Advance (AT) | RM49,980 | |
| Perodua Myvi | 1.3 G (AT) | RM44,590 |
| 1.3 Premium X (AT) | RM46,590 | |
| 1.3 Premium X (AT) | RM46,590 | |
| 1.5 High (AT) | RM50,290 | |
| 1.5 Advance (AT) | RM54,090 | |
| Perodua Alza | 1.5 S (MT) | RM51,490 |
| 1.5 S (AT) | RM54,290 | |
| 1.5 SE (AT) | RM56,890 | |
| 1.5 Advance (AT) | RM62,690 | |
| Perodua Aruz | 1.5 X (AT) | RM72,900 |
| 1.5 Advance (AT) | RM77,900 |
Honda Car Prices in 2024 in Malaysia
In addition, Honda offers many affordable car price options that you can choose as your first car. Here is the latest list of car prices for all Honda car models for the year 2022. The prices displayed are the current on-the-road (OTR) vehicle prices and do not include insurance.
| Car Model | Variant | Latest Car Price |
| Honda Jazz 1.5S | Standard | RM75,300 |
| White Orchid Pearl | RM75,420 | |
| Honda Jazz 1.5E | Standard | RM81,400 |
| White Orchid Pearl | RM81,520 | |
| Honda Jazz 1.5V | Standard | RM88,700 |
| Honda Jazz 1.5E | White Orchid Pearl | RM88,820 |
| Honda City 1.5S
|
Standard | RM78,500 |
| White Orchid Pearl | RM78,620 | |
| Honda City 1.5E | Standard | RM84,600 |
| White Orchid Pearl | RM84,720 | |
| Honda City 1.5V | Standard | RM91,600 |
| White Orchid Pearl | RM91,720 | |
| Honda Civic 1.8S | Standard | RM113,600 |
| White Orchid Pearl | RM113,900 | |
| Honda Civic 1.5 TC | Standard | RM129,600 |
| White Orchid Pearl | RM129,900 | |
| Honda Civic 1.5 TC-P | Standard | RM139,600 |
| White Orchid Pearl | RM139,900 | |
| Honda Accord 1.5TC | Standard | RM185,900 |
| White Orchid Pearl | RM186,300 | |
| Honda Accord 1.5TC-P | Standard | RM195,900 |
| White Orchid Pearl | RM196,300 | |
| Honda BR-V 1.5E | Standard | RM89,900 |
| White Orchid Pearl | RM90,200 | |
| Honda BR-V 1.5L | Standard | RM96,900 |
| White Orchid Pearl | RM97,200 | |
| Honda HR-V 1.8E | Standard | RM108,800 |
| White Orchid Pearl | RM109,100 | |
| Honda HR-V 1.8V | Standard | RM118,800 |
| White Orchid Pearl | RM119,100 | |
| Honda HR-V 1.8RS | Standard | RM124,800 |
| White Orchid Pearl | RM125,100 | |
| Honda Odyssey 2.4 EVX | Standard | RM258,896 |
| Honda CR-V 2.0 2WD | Standard | RM151,100 |
| White Orchid Pearl | RM163,700 | |
| Honda CR-V 1.5 | White Orchid Pearl | RM164,100 |
| Honda CR-V 1.5 TC 4WD | Standard | RM169,500 |
| White Orchid Pearl | RM169,900 | |
| Honda CR-V 1.5 TC-P 2WD | Standard | RM175,900 |
| White Orchid Pearl | RM176,300 |
Car Price Malaysia: 5 Tips for Buying a Car According to Your Salary
Buying a car, whether new or second-hand, involves a significant expense if not planned properly – many costs need to be considered, including car loan repayment, car insurance costs, road tax, car maintenance, tire maintenance, and so on. If you want to buy your first car, here are some tips that you can follow and important things that you need to know:
1. Identify Needs and Wants
Basically, it is not wrong to buy or choose a car based on aesthetics or performance. However, it should not be a priority when buying your first car. You need to consider the suitability of the car you are buying – factors such as appearance, performance, and so on are a bonus if your preferred car has all these features.
You are advised to buy a car based on your needs and priorities. For example, you may fall in love with a branded sports car because you are young at heart and have just started your career. However, such a car incurs higher maintenance and petrol costs and may not be suitable for daily use.
If you need a car for commuting to work, a compact car like the Perodua Axia with a monthly payment of less than RM500 is sufficient. Compact or small cars are more suitable because they are more fuel-efficient and suitable for city use.
You can upgrade to a larger car after getting married or when your personal finances become more stable for comfort, but this is subject to your current annual income.
2. Ensure Car Price Does Not Exceed Annual Income
Furthermore, you should ensure that the car price you want to buy is less than or does not exceed your annual income. This is because the cost of owning a car is not just about the monthly installments that need to be paid. But you also need to take into account other additional costs such as road tax, maintenance, petrol expenses, tolls, and so on.
If your monthly salary is RM2,700, the ideal car price for you should not exceed RM32,400 (RM2,700 x 12 months).
3. Choose a Car with Monthly Installment not Exceeding 15 Percent
In addition, ensure that the monthly payment for the chosen car does not exceed 15 percent (even better if lower) of your monthly income. For example, if you earn RM2,700 per month, the recommended monthly installment amount is RM405.
If the loan repayment commitment or bank loan repayment is higher than your current income, it may make it difficult for you to apply for other loans such as personal loans or home loans. You can use the salary-to-car-buying formula as follows:
Monthly Income x 15% = Monthly Installment Amount
4. Do Research: Choose a Car that Suits Your Salary
Avoid being influenced by car sales agents. Typically, experienced car sales agents can determine whether you are a first-time car buyer or not by assessing your demeanor.
Most car agents will take this opportunity to sell or offer cars that exceed the buyer’s budget or are not suitable for the buyer’s needs to deplete their inventory.
Therefore, you are advised to do research and identify your needs and wants before visiting any car dealer to avoid being influenced by salespeople. This way, it can help you avoid overspending and help you save money.
5. Make Wise Decisions, Don’t Rush
Car purchases can be said to be among the most expensive items ever purchased in a lifetime after owning a house. Therefore, you need to evaluate various aspects and angles before making any decisions.
Take time to think before choosing your dream car. Like buying other valuable items, you need to compare the prices and advantages of the car you want to buy before making a decision. Make sure the chosen car is in line with your current needs.
Hopefully, this list of affordable and budget-friendly car prices can help you, especially if you intend to change your car or buy a new one. Additionally, if you are considering comprehensive and best car insurance for yourself, visit the Qoala website for further information. Qoala is an insurance platform in Malaysia that guarantees a safe, reasonable, and easy car insurance purchase process.
