A car sales agent has sparked debate online after sharing her views on Gen Z’s financial habits through a Threads post.
In the thread, @_syahirahazmi claimed that many young buyers are facing difficulties when applying for car loans.
Claims of high rejection rate
According to her, about 90 percent of Gen Z applicants encounter issues when submitting loan applications to banks.
I can say 90% of loans are not approved when submitted to the bank,” she wrote.
She said many of them have yet to own their first car, but their applications are often rejected due to their financial records.
However, no official data confirms the 90 percent figure.
BNPL and credit card usage raised
The agent highlighted Buy Now, Pay Later (BNPL) services as one of the factors that may affect credit evaluations.
She suggested that early exposure to installment commitments could lead to heavier debt burdens in the coming years.
She also questioned whether some young adults apply for credit cards soon after finishing their studies.
Experts say approval depends on full financial assessment
Financial experts explain that banks assess loan applications based on income, employment stability, credit history, and Debt Service Ratio (DSR).
BNPL and credit card usage can affect approval if repayments are missed or if total monthly commitments are high.
However, consistent repayments and controlled usage may help build a healthy credit record instead of harming it.
Netizens share personal experiences
The thread received mixed reactions from users.
One Gen Z commenter shared that a lawyer had mentioned bankruptcy cases remain common, linking it to lifestyle pressures.
Another user asked whether regular BNPL payments of RM1,000 to RM2,000 per month during internship could affect future loan applications despite no missed payments.
Others described BNPL as financially risky and said they plan to clear their balances and delete the apps.
