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Two more financing schemes available for new Toyota purchases

Those who are planning to buy the latest Toyota Hilux or any Toyota model have a choice of various schemes from UMW Toyota Motor (UMWT) to help them with financing. These are the Toyota EZ Beli Plan, Jom Drive, AITAB, Toyota Drive, Toyota Flexi Plan as well as conventional Hire-Purchase and Vehicle Lease financing schemes which are available from all authorized Toyota dealerships and UMWT branches nationwide.

Two new schemes
UMWT, in collaboration with Bank Islam Malaysia Berhad, now offers another two more which are Shariah Compliant Term Financing schemes to its customers – Vehicle Financing-i and Vehicle Financing-i GradHitz.

Vehicle Financing-i is available for all customers aged up to 60 years old with a minimum income of RM2,800 or more. Vehicle Financing-i GradHitz is a special package tailored for newly employed young graduates, aged less than 30 years, with a minimum qualification of a diploma degree from a recognized institution under Malaysian Qualifications Agency (MQA). For this scheme, they can apply for up to 100% margin of financing (terms and conditions apply).

Both schemes are based on term financing under the principle of Murabahah to the Purchase Order as a cost-plus profit financing contract. The financing tenure is up to 9 years, with fixed profit rates from 2.35% to 2.55% per annum. Customers will be eligible for Ibra’ (rebate) if full settlement is made before the maturity period of the financing.

The two Bank Islam financing schemes are applicable for all new Toyota models sold by authorized Toyota dealerships throughout Malaysia (including the Labuan and Langkawi duty-free zones).

Takaful coverage for peace of mind
Auto Financing Takaful Plan (AFTP), a takaful coverage, is also offered to customers. The plan covers the outstanding financing amount in the event of death or permanent disability within the financing period. The AFTP contribution is calculated based on financing amount and age of the applicant.

Customers who require more information may contact any authorized Toyota dealership in Peninsular and East Malaysia. Locations of the dealerships can be found at www.toyota.com.my.

100% financing packages to buy new Toyota or Lexus models

Hyundai Motor shows creative approach to recycling of automotive materials

Motor vehicles can last a long time but at some point, they will be scrapped and depending on what processes are available, the various parts that were assembled together to form the vehicle will be removed and can be recycled, typically, plastic and metal items as well as batteries and tyres.

With Re:Style 2020, Hyundai Motor Company (in the UK) announces the launch of a creative approach to sustainable fashion by upcycling discarded materials from the automotive manufacturing and scrapping process into marketable products in collaboration with leading artists in eco-friendly design.

Other materials can also be recycled
Re:Style 2020 stems from the recognition that although most of the materials, such as iron and non-ferrous metals, are currently recycled as part of the vehicle scrapping process, there are still some materials such as leather, glass and airbags that end up in landfill. For Re:Style 2020 as well as its past iteration in 2019, the company collected various leftover materials with the help of diverse partners and sent them to the collaborating designers.

Building on the success of its predecessor in 2019, the Re:Style 2020 capsule fashion collection has been created in partnership with renowned trendy fashion brands Alighieri, E.L.V. DENIM, Public School, pushBUTTON, Richard Quinn and Rosie Assoulin.

Sales on Selfridges online store
In view of the current global pandemic, the collection has been presented online this week via Hyundai’s social media channels, as well as those of Britain’s Selfridges and the participating brands. Featuring a variety of products such as jewelry, jumpsuits, working vests, bags and various other clothing made with discarded materials from the automobile production and scrapping process, the event will kick-start sales on the Selfridges online store.

L.V. Denim’s Jumpsuit from upcycled denim and leather scraps from the car manufacturing process (left), and Public School’s Fuji Technical Vest (right) created out of discarded seatbelt webbings and airbag materials.

pushBUTTON’s Work Vest (left) with pockets using airbag materials that keeps the airbag’s original details, and Rosie Assoulin’s Tote Bag made of seatbelt webbings, carpet fabrics and foam repurposed from discarded automotive materials.

“At Hyundai Motor, we understand that ethical consumption and caring for the environment are increasingly important considerations of our customers in the post COVID-19 world. Through Re:Style 2020 we want to offer another way Hyundai Motor can help customers enjoy the sustainable lifestyle they aspire to,” said Wonhong Cho, Executive Vice-President and Global Chief Marketing Officer of Hyundai Motor Company.

“By demonstrating that discarded resources can be reimagined into valuable products, Hyundai Motor encourages more industries to see waste as a recreative opportunity and to work collaboratively toward an environmentally accountable and economically efficient future.”

Under its Strategy 2025, Hyundai Motor aims to spearhead a global leadership in zero-emissions and clean mobility by becoming the world’s third-largest automaker of eco-friendly vehicles by 2025.

Click here for other news and articles about Hyundai.

Fuel Price Updates For October 10 – 16, 2020

McLaren’s High-Performance Hybrid supercar in final development phase for 2021 launch

McLaren is in the business of making supercars and even though its cars have all along been powered by internal combustion engines, it is now adapting to the age of electrification. And it intends to also produce cars with the same high performance even if they are electrified.

It has been developing a High-Performance Hybrid (HPH) supercar which has entered the final stages of its development and test programmes, which includes running on public roads. It is not a one-off product and will be launched in the first half of 2021, open a new era of electrification for McLaren following the end of production of its Sports Series range.

*The Sports Series, with models like the 620R, will no longer be produced after 2020.*

The Sports Series designation – introduced in 2015 with the launch of the 570S – ceases from the end of this year with the limited-run, GT4-inspired 620R that will be the last model produced.

New carbonfibre structure
The all-new, supercar will be the first McLaren built on a new carbonfibre structure, christened McLaren Carbon Lightweight Architecture (MCLA). Optimised for High-Performance Hybrid powertrains and latest-generation driver technologies, the architecture elevates McLaren’s pioneering lightweight chassis technologies to new heights.

Designed, developed and produced in the UK at the state-of-the-art McLaren Composites Technology Centre (MCTC), the all-new flexible structure will underpin the next generation of McLaren hybrid supercars over the coming years.

The High-Performance Hybrid powertrain, which has an all-new V6 internal combustion engine, will sit between the GT and the 720S in the McLaren range.

New kind of McLaren for a new era
“This all-new McLaren supercar is the distillation of everything we have done to date; all that we have learned and achieved,” said Mike Flewitt, CEO of McLaren Automotive. “This is a new kind of McLaren for a new era, an extraordinary driver’s car that offers blistering performance as well as an all-electric range capable of covering most urban journeys. We see this new McLaren as a true ‘next generation’ supercar and cannot wait to show it to customers.”

“For us, light-weighting and high-performance hybrid technology go hand-in-hand to achieve better performance as well as more efficient vehicles,” he explained. “Our expertise in lightweight composites and carbonfibre manufacturing, combined with our experience in cutting-edge battery technologies and high-performance hybrid propulsion systems, makes us ideally placed to deliver uncompromised levels of electrified high-performance driving that until now have simply been unattainable.”

Mclaren 765LT introduced to Malaysian market – Priced at RM1,488,000

Sim racers from 5 countries to compete in GR Supra GT Cup ASIA 2020 this month

With a President who is a racing driver himself, it’s not surprising that Toyota is getting more involved in different forms of motorsport, including the fast-growing digital motor racing or e-motorsports. E-motorsport is one of the key pillars of TOYOTA GAZOO Racing (TGR) to bring thrill to car enthusiasts and engage those looking to pursue new challenges in the virtual world. Furthermore, the key learnings and real-time experiences gained from the TGR’s motorsport activities remains eminent to the development of Toyota vehicles.

Later this month, Toyota Motor Asia Pacific (TMAP) will bring 15 top e-motorsport players in Asia together for its first virtual motorsport showdown – the GR Supra GT Cup ASIA 2020.

The regional round on October 25 will see three top challengers from each of the five participating countries – Thailand, Singapore, Malaysia, Philippines and India – will compete online. The winner will be the regional champion who will then go on to participate in the final of the global GR Supra GT Cup 2020 to be held this December.

The GR Supra GT Cup ASIA 2020, a one-make race championship in Gran Turismo Sport, began in June 2020 with national-level qualifying races hosted by Toyota affiliates in each of the five participating countries.

In Malaysia, hosted by UMW Toyota Motor, the event was known as the Toyota GR Velocity Esports Championship and the final round was held last month. The top three finalists were Taj Izrin Aiman Taj Madira, Mior Muhammad Hafiz and Muhammad Iqbal Ahmad Suji, who will represent Malaysia in the GR Supra GT Cup ASIA 2020.

Commenting on the GR Supra GT Cup ASIA 2020 Regional Round, David Nordstrom, Vice-President of TMAP said: “The GR Supra GT Cup ASIA challenge is all about the power of passion, cars and limitless possibilities and we are excited to engage with the aspiring players in the region. It is a great feeling to race on-line. Indeed, my racing moments on simulator captures some of the exhilaration I have experienced on real racetracks around the world.”

“It’s a feat to have these incredible players competing in the legendary sportscar, THE GR Supra, and we look forward to having fans join us to experience virtual racing with Toyota, by watching the regional finale,” he added.

Toyota GR Velocity Esports Championship Grand Final

2021 Porsche Cayenne enhanced with new Premium Package

Sime Darby Auto Performance (SDAP) has enhanced its Porsche Cayenne offering with a new Premium Package which provides additional options as standard. These include options that enhance performance and also comfort and motoring enjoyment.

On the technical side is air suspension with Porsche Active Suspension Management for dynamic handling and driving comfort as well as 21-inch RS Spyder wheels. The driver will also be able to get the car into a parking bay more easily with ParkAssist with Surround View.

The powertrain available for the Malaysian market is the 3-litre turbocharged V6 engine with a twin-scroll turbocharger. The 340 ps/450 Nm output is delivered to the wheels through an 8-speed Tiptronic S transmission.

Inside, the enhancements now include 4-zone climate control and a BOSE Surround Sound System. The high-powered 710W audio system comes with 14 speakers, including a separate subwoofer, and uses BOSE SoundTrue Enhancement Technology to enhance the quality of sound reproduction.

“There’s nothing quite like a ride in a sportscar, be it for the driver or the passenger, and it’s our goal to share ‘that sportscar feeling’ with more Porsche enthusiasts in Malaysia. The introduction of the new Cayenne Premium Package has enabled us to do that, and we stay committed to finding new ways of bringing fans closer to realising their dreams of owning a Porsche,” said Christopher Hunter, CEO of Sime Darby Auto Performance.

The Cayenne comes with a 4-year unlimited mileage warranty as well as 4 years of free scheduled service and maintenance. SDAP is now accepting orders for the model which has a base price of RM680,000. Deliveries will begin in 2021.

Click here for more information.