Car rental association chief puzzled over Vellfire lease costs

The lease costs of the government's new Toyota Vellfires revealed by Finance Minister Tengku Zafrul Abdul Aziz makes no sense, said Malaysian Car Rental Association president Farouk Fernandez.

He said it is important to note that vehicles are sold at different prices to the government as opposed to private entities, where the former can save cost through duty and tax exemptions.

“Even having said that, the numbers don’t seem to make sense in terms of the monthly lease cost of the vehicle based...