Malaysian car prices span a wide range. From the Perodua Axia at around RM 23,000 OTR to Bugatti and Koenigsegg hypercars above RM 10 million. The brand grid lower down lists every manufacturer with a dedicated price page; this opening guide explains what makes up the on-the-road price, how CKD versus CBU affects what you pay, the impact of the 2026 EV duty change, and how Bumiputra discounts work on Perodua and Proton.
What is the on-the-road (OTR) price of a car in Malaysia?
The on-the-road (OTR) price is the total amount you pay to drive a new car off the dealer's lot in Malaysia. Unlike the ex-showroom price (the manufacturer's figure before tax), the OTR figure includes every fee required by the Road Transport Department (Jabatan Pengangkutan Jalan, JPJ) and the standard insurance bundle.
Worked example for a Honda City 1.5L S at RM 86,000 ex-showroom, Peninsular Malaysia:
| Component | Amount (RM) |
|---|---|
| Ex-showroom price | 86,000 |
| 10% SST (Sales & Service Tax, MITI) | +8,600 |
| JPJ registration fee | +300 |
| Number plate (standard) | +50 |
| First-year comprehensive insurance (NCD 0%) | +1,400 |
| First-year road tax (1,498cc, Peninsular) | +90 |
| OTR total | ~96,440 |
The same buyer in Sabah or Sarawak pays slightly less road tax (RM 56 for the same engine size) but otherwise sees the same SST and registration components. SST replaces the older Goods and Services Tax (GST) abolished in 2018. The 10% rate has held steady through Budget 2026.
How is car price set in Malaysia? CKD versus CBU
Two routes bring a car into the Malaysian market: CKD (Completely Knocked Down) and CBU (Completely Built-Up). CKD vehicles arrive as parts and are assembled at a Malaysian plant; CBU vehicles arrive fully built. The Ministry of International Trade and Industry (MITI) levies higher import and excise duties on CBU, which is why locally assembled cars sit at lower price points.
Six major plants handle the bulk of Malaysian CKD output.
| Plant | Location | Brands and models assembled |
|---|---|---|
| Perodua | Sungai Choh, Rawang | Axia, Bezza, Myvi, Ativa, Alza, Aruz |
| Proton | Tanjung Malim, Perak | Saga, Persona, Iriz, X50, X70, S70 |
| Inokom | Kulim, Kedah | Mazda CX-5, CX-8, CX-30, CX-3, BT-50; Hyundai Kona, Tucson, Santa Fe; Mitsubishi Xpander; selected BMW |
| DRB-HICOM | Pekan, Pahang | Mercedes-Benz C-Class and E-Class; Volkswagen; selected BMW; Honda commercial |
| Tan Chong Motor Assembly | Segambut, Kuala Lumpur | Nissan Almera, X-Trail, Serena |
| Honda Malaysia | Pegoh, Melaka | City, Civic, HR-V, CR-V, BR-V, Accord |
The duty differential is large enough to flip a brand's positioning. The Mazda CX-5 (CKD, Inokom) sells from RM 143,000-187,000 OTR; the closely related Mazda CX-9 (CBU, Hiroshima) sells at RM 270,000 OTR, about RM 100,000 difference for a similar-class three-row SUV. The Mazda car loan calculator page covers the CKD-versus-CBU split in depth, including how it affects monthly hire-purchase instalments.
What is the cheapest new car in Malaysia in 2026?
The cheapest new car you can buy in Malaysia is the Perodua Axia, with the entry 1.0G manual at RM 22,500 ex-showroom (about RM 23,000-25,000 OTR). The Axia anchors the floor of the market and has held that position since the model first launched in 2014.
The entry tier in ascending OTR order:
| Model | OTR (RM) | Notes |
|---|---|---|
| Perodua Axia | 23,000–29,000 | 1.0L, 5 trim levels |
| Proton Saga | 35,000–45,000 | 1.3L sedan, MMC and Premium S |
| Perodua Bezza | 36,000–50,000 | 1.0L and 1.3L sedan |
| Proton Iriz | 40,000–55,000 | 1.3L and 1.6L hatchback |
| Perodua Myvi | 50,000–62,000 | 1.3L and 1.5L hatchback |
| Bezza Premium Y / Myvi AV | ~62,000 | Upper-trim limit before crossing into Honda City / Toyota Vios territory (RM 84,000–105,000 OTR) |
For buyers in this band, the monthly hire-purchase instalment matters more than the sticker. An Axia 1.0G manual at RM 23,000 OTR with 10% down and 7-year tenure works out to roughly RM 270 per month.
What is the most expensive car you can buy in Malaysia?
The ceiling is set by hypercar imports brought in via Approved Permit (AP) and direct private import. These are CBU at the highest excise band, so the OTR multiplier on ex-showroom is the most punitive in the lineup.
| Model | OTR price range | Channel |
|---|---|---|
| Bugatti Chiron, Mistral | RM 12–18 million | Limited allocation, AP-only |
| Koenigsegg Jesko, Gemera, Regera | RM 13–15 million | Private import, very small numbers |
| Rolls-Royce Phantom, Spectre, Ghost | RM 2.5–3.5 million | Authorised dealer |
| Ferrari 296 GTB, Roma, Purosangue | RM 1.5–2.4 million | Naza Italia, sole authorised distributor |
| Lamborghini Huracán Sterrato, Urus, Revuelto | RM 1.4–2.6 million | Authorised dealer |
| Bentley Continental GT, Bentayga, Flying Spur | RM 1.4–1.8 million | Authorised dealer |
The single most expensive new car ever sold in Malaysia at retail is generally cited as the Bugatti Chiron Super Sport at around RM 16 million OTR (multiple units delivered through Naza). Below the hypercar tier, mainstream luxury (BMW 7 Series, Mercedes-Benz S-Class, Porsche Panamera) sits at RM 700,000-1.2 million OTR.
Bumiputra discount on Perodua, Proton, and BAuto cars
Two national carmakers and one distributor offer a Bumiputra purchase discount as part of the National Automotive Policy framework. The discount is a price reduction off the OTR figure, declared at booking and verified with NRIC at delivery.
| Brand | Discount range | Eligible models |
|---|---|---|
| Perodua | ~3–5% off OTR | Selected Axia, Bezza, Myvi, Alza, Ativa variants. On a Myvi 1.5L AV at RM 62,000 OTR, that is roughly RM 1,800–3,100 off. |
| Proton | ~2–4% off OTR | Saga, Persona, Iriz, X50, X70 with valid documentation. Smaller in absolute terms because the model spread is wider. Confirm per variant. |
| Bermaz Auto (Mazda) | Periodic rebate | Selected Mazda CX-5 and CX-30 outgoing stock. Not a permanent feature; tied to inventory clearance windows. |
How did the EV tax holiday ending affect car prices in 2026?
From 2022 through 31 December 2025, the Ministry of Finance granted a duty exemption on Electric Vehicle imports, both CBU (fully built) and CKD (locally assembled). Effect on 2026 OTR prices:
| Category | Price impact | Affected models |
|---|---|---|
| Imported EVs (CBU) | OTR up 8–15% | Tesla Model 3 and Model Y, BYD Sealion 7 Performance, Mercedes-Benz EQE and EQS, BMW iX, most Porsche Taycan trims |
| Locally assembled EVs (CKD) | Held pricing | Proton e.MAS 7 (Tanjung Malim from late 2024) and selected CKD BYD variants |
| Road tax (all EVs) | New kW-based schedule | EVs above 100kW now pay RM 200–2,800/year depending on motor power; previous full exemption ended 1 Jan 2026 |
For buyers cross-shopping EVs in 2026, the CKD-versus-CBU question matters more than ever. A Proton e.MAS 7 at RM 105,800-135,800 OTR sits at the same price band as a Honda Civic, while a Tesla Model Y now starts above RM 230,000 OTR after the duty change.
Where do I find current Malaysian car prices?
The brand grid lower down on this page lists every manufacturer sold in Malaysia. Each brand link goes to a dedicated price page covering all current variants, OTR pricing in Peninsular Malaysia, and trim-level differences. The most-visited brand pages are:
- Perodua: Axia, Bezza, Myvi, Alza, Aruz, Ativa
- Proton: Saga, Persona, Iriz, X50, X70, X90, S70, e.MAS 7
- Toyota: Vios, Yaris, Corolla, Camry, Corolla Cross, Hilux, Innova, Veloz, Vellfire, Alphard
- Honda: City, Civic, HR-V, CR-V, WR-V, BR-V, Accord, Type-R
- Mazda: Mazda 2, 3, 6, CX-3, CX-30, CX-5, CX-8, CX-9, BT-50, MX-5
- BYD: Atto 3, Dolphin, Seal, Sealion 6, Sealion 7, M6
For ownership cost beyond the sticker, three other Stereng pillars cover the recurring expenses: the car loan calculator works out monthly hire-purchase instalments at any down payment, tenure, and rate; the road tax page lists the JPJ schedule by engine size and Peninsular versus East Malaysia rates; the fuel consumption page shows real-world km/L by model so you can budget the petrol or diesel running cost.
New car price versus used car price decay in Malaysia
Sticker price is only the entry cost. Depreciation determines what the car is worth when you sell. Malaysian residual values follow a fairly predictable curve, with brand reputation as the largest variable.
| Brand / segment | 3-year residual | 5-year residual |
|---|---|---|
| Perodua (Myvi, Bezza, Axia) | 65–72% | 55–60% |
| Toyota (Vios, Hilux) | 65–70% | 50–55% |
| Honda (City, CR-V) | 60–65% | 45–50% |
| Mazda (CX-5, CX-30) | 55–62% | 42–48% |
| BYD (Atto 3, Sealion) | 50–55% | 38–45% |
| Bentley Continental and similar luxury | 50–58% | 40–45% |
First-year depreciation runs 15-25% off OTR. Worse on luxury and Chinese marques. Better on Perodua, Toyota, and Honda.
Hypercars are the exception. Limited-allocation Bugatti, Ferrari, and Lamborghini sometimes appreciate 5-15% above OTR in the secondary market when production is sold out, flipping the depreciation curve entirely. Each brand page below covers per-model resale specifics, useful when deciding whether to keep a car for three years and trade up, or hold for five-plus years to amortise the depreciation hit.
Buying tips before you check the calculator
Five practical checks save the most money at the dealer counter:
- Confirm the OTR breakdown in writing. The dealer sheet should list ex-showroom, SST, JPJ, plate, and insurance separately. If insurance is bundled, ask which panel insurer and what the comprehensive excess is.
- Get three written quotes. Even within the same brand, dealer pricing varies by RM 500-2,000 depending on stock age, sales target month, and whether it's a Bumiputra-discounted unit.
- Run the DSR calculator before signing. The car loan calculator hub has a Bank Negara Malaysia (BNM) Debt Service Ratio calculator that confirms whether your monthly fits the 60% net-income cap.
- Compare bank rates side by side. The Affin Bank, Public Bank, Hong Leong Bank, Maybank, and CIMB calculator pages let you check the flat rate and monthly on your exact loan amount. A 0.5 percentage-point difference on a 7-year RM 100,000 loan adds about RM 30/month and RM 2,500 over the full tenure.
- Check the brand calculator pages for total cost. The brand-specific calculators (Mazda, Toyota, Honda) include the monthly plus insurance plus fuel plus maintenance bundle, which is the figure your household budget actually feels.
The brand and model index below auto-renders every page sold in Malaysia. Pick a brand to drill into specific variant pricing.