Renault reveals price cuts, rebates ahead of zero-GST

A Renault Clio IV car is pictured in the final check area at the Renault automobile factory in Flins, west of Paris, France, May 6, 2015. — Reuters pic
A Renault Clio IV car is pictured in the final check area at the Renault automobile factory in Flins, west of Paris, France, May 6, 2015. — Reuters pic

KUALA LUMPUR, May 28 — TC Euro Cars has announced discounts and rebates for the Renault models it distributes locally, offering up to RM40,000 in savings in a bid to tempt buyers waiting for next month’s zero-rating of the Goods and Services Tax (GST).

The biggest price drop is for the Fluence model, which is now priced from RM79,999, down from the RM119,999 original list price.

Buyers of the Koleos 2WD will enjoy a RM24,312 discount that brings its price to RM159,888 while those eyeing the 4WD variant can pick on up from RM189,888 or RM19,112 with rebates and a 6 per cent discount meant to roughly mimic the effects of a zero rate GST.

The offer is also available for the previous Captur and the facelifted version, which now retail for RM89,999 and RM95,999, respectively.

Prices are valid until further notice.

The federal government announced that it will zero-rate the GST for all classes of goods and services on June 1 and reintroduce the Sales and Services Tax (SST) at a later date.

The move has prompted Malaysians to hold off on purchases, especially for big ticket items such as cars, in anticipation of price reductions during the tax holiday between the zero rating of the GST and the eventual resumption of the SST.