As the Chinese New Year approaches, the car companies are counting on many Malaysians wanting to start the Year of the Rat – which is the beginning of a new zodiac cycle – with a new vehicle. If you are already shopping around, you may be interested to know that Honda Malaysia and Mitsubishi Motors Malaysia are offering cash rebates and bonuses, as well as other incentives for selected models.

Honda Malaysia’s ‘2020 Starts Now’ campaign offers triple rewards totalling up to RM10,000 (depending on the model). These consist of a Prosperity Rebate, RM888 Extra Bonus and customers also receive an Exclusive Gift. The models applicable during the campaign are the Jazz, Jazz Hybrid, City, City Hybrid, HR-V, HR-V Hybrid, BR-V, CR-V and Odyssey.

If you prefer a pick-up truck, Mitsubishi Motors Malaysia (MMM) is offering an interest rate as low as 0.88% per annum for selected Triton variants. This interest rate is only applicable if the H-P loan is taken from Maybank or Public Bank (subject to terms and conditions).

Alternatively, for those who prefer a lower price to reduce their loan amount, there is also the option of taking a cash rebate instead. Depending on the variant, the rebates range from RM2,000 to RM9,000. Imported as fully built-up units from Thailand, all Triton variants (except the Triton Quest 4×2) come with a warranty of 5 years or maximum of 200,000 kms.

The Outlander SUV 2.0-litre/2.4-litre is also available with cash rebates up to RM4, 000 and RM2,000, respectively, plus 2 years of free scheduled maintenance. The Outlander 2.0 is priced at RM137, 888 while the Outlander 2.4 is priced at RM152, 888.

For the ASX Compact SUV, cash rebates available are RM12,000 for the 4WD variant and RM8,000 for the 2WD variant. The ASX 4WD is priced at RM133, 336 while the ASX 2WD is priced at RM118, 866.

Whether you choose a Honda or a Mitsubishi, you have to complete the purchase and have the new vehicle registered by January 31, 2020 in order to enjoy the special deals.