You Own the Car, or the Car Owns You?

There was this chart which was published in a local paper portraying the causes of Malaysian bankruptcies. A staggering more then 50% was attributed to failure to pay car loan installments - that says something about the local situation.

Inadequate public transport systems coupled with very expensive cars forced a lot people to purchase cars which were out of their means. Now that the recession has hit, all hell broke loose.