Update On Proton Exchange Programme | Ramblings of an e-trader

Saturday, 16 January 2010

Update On Proton Exchange Programme

My friend, who told me that he felt cheated by the recently concluded Proton Exchange Programme, told me that all those who submitted their applications to participate in the Proton Exchange Programme after 31st October, 2009, have been rejected.

What these people, more that 7,000 of them, were offered instead, was RM2,000 in cash rebate instead of RM5000 rebate and worse, these people could only buy Proton cars manufactured ion 2009 instead of 2010.

My friend told me that a year of depreciation of the value of the Proton car would be more than RM2000 already which means that they aren't benefiting much from the programme even though the programme has yet to end when they submitted their application. It was still within the time frame.

According to this friend, he is going to opt out of the Programme which means that he will have to pay full price for the car, though it will be a 2010 car, and he will not receive the RM2000 cash rebate and do not have to send his current car in to be scrapped.

Well, who is to be blamed? I believe that my friend and everyone else in the same boat only decided to participate in this Exchange Programme at the last minute because of the "end of vehicle life" policy that was to be implemented but scrapped subsequently upon the uproar from owners of older cars.

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