Times are changing in Malaysia, and the historic win of Pakatan Harapan (PH) at the 14th general elections will bring some changes that will affect the way Malaysians live. One of those changes is the end of the GST – Goods and Services Tax.
During the run down to election day, PH announced in an official manifesto that they would eliminate the current GST, and that decision will, inevitably, make motorcycle brands to change the prices on their bikes.
But there are still many doubts about what will happen with the prices: will they go up, or will they go down?
As a response to this question, one of the biggest brands, Triumph Motorcycles Malaysia, has announced a Price Protection Scheme.
This is the way Triumph Motorcycles Malaysia found to protect future Triumph bike owners so they don’t lose money at the time of purchase. The Price Protection Scheme is available for new unregistered Triumph Motorcycles.
If the price of a specific model goes up because of the new tax regimen, Triumph will honour the original and lower price. But if the price goes down, the customer will receive a Store Credit / Credit Note equal in value to the price difference.
For example, should a vehicle’s price reduce by RM1,000 after the change in applicable taxes, the customer will receive a Store Credit/ Credit Note for RM1,000.
If we think about this decision from Triumph Motorcycles Malaysia, we can see that either way, the customer wins. Either pay the old lower price, or get a credit to use on an official Triumph dealer.