Buying a new car may be exciting, but not everyone can keep up with the monthly instalments.
In Malaysia, cars that end up in bank repossession are often auctioned at a much lower price compared to their original showroom tag — and some buyers see this as a golden opportunity.
Proton S70 goes under the hammer
Recently, a Facebook post on the page Selangor Auction Property caught widespread attention with the caption“2025 buy, 2025 auction.”
The post showed a brand-new black 2025 Proton S70 being listed for auction after its owner failed to service the loan.
The starting auction price was listed at just RM66,000, significantly lower than its original value despite the car being brand new and only purchased this year.
According to the same post, the car was successfully auctioned off the next day for RM70,000.
Netizens pointed out that the model looked like the Proton S70 Flagship variant, which originally costs RM92,464 when brand new.
That meant the lucky bidder saved over RM20,000 compared to the retail price — a deal many considered worthwhile.
Netizens’ comments
The story quickly went viral online, with many netizens expressing interest in the bargain deal — though most admitted they couldn’t afford it themselves with cash.
“Looks so tempting, but sadly I don’t have that much cash!”
‘It’s the sales agent’s fault. They told people earning RM2,000 to go and take a loan for an S70, and in the end all of them ended up in auction.’
‘Although it is on auction, you still need to pay with cash money…’
