Transport Equipment Financing Malaysia - Budget Incentives 2026

2026 Transport Equipment Budget

Transport companies need lorries, prime movers. Logistics businesses grow with reliable equipment. 2026 brings new budget considerations.

This guide covers transport equipment financing. Government incentives. Bank vs alternative options. Real numbers for real decisions.

Transport Equipment Prices 2026

Lorry Prices

• 3-ton lorry: RM95,000 - RM115,000
• 5-ton lorry: RM120,000 - RM150,000
• 10-ton lorry: RM180,000 - RM220,000

Prime Mover Prices

• 400 HP prime mover: RM250,000 - RM290,000
• Prime mover with trailer: RM320,000 - RM380,000
• Used prime mover (5 years): RM140,000 - RM170,000

Bank Financing for Transport Equipment

Typical Bank Terms

• Interest rate: 4.6% - 6.0% per year
• Maximum loan: 90% of vehicle value
• Down payment: 10% - 20% required
• Vehicle age limit: 5 years maximum
• Processing: 2 - 3 weeks

Real Example: 5-Ton Lorry

Vehicle price: RM135,000

Bank Offer:
• Down payment: RM13,500 - RM27,000
• Loan amount: RM108,000 - RM121,500
• Monthly payment: RM1,800 - RM2,000
• Interest over 7 years: RM42,000 - RM51,000

Issue: Cash needed upfront. Used vehicles over 5 years rejected.

Ing Heng Credit Transport Financing

Our Transport Equipment Terms

• Interest rate: Competitive rates
• Maximum loan: 100% full financing
• Down payment: 0% zero deposit
• Vehicle age: No age limit
• Processing: 24 - 48 hours

Same 5-Ton Lorry with Us

Vehicle price: RM135,000

Ing Heng Offer:
• Down payment: RM0 (0%)
• Loan amount: RM135,000
• Monthly payment: RM1,850
• Cash preserved: RM13,500 - RM27,000 for operations

2026 Budget Incentives

Capital Allowance for Transport

• Year 1: 40% initial allowance
• Year 2-5: 20% annual allowance

RM135,000 lorry = RM54,000 Year 1 tax deduction. Reduces taxable income significantly.

Diesel Subsidy (SKDS 2.0)

Registered transport companies qualify for diesel subsidy. Reduces fuel costs by RM0.50 - RM1.00 per liter.

Investment Tax Allowance

Transport companies expanding fleet may qualify for ITA. Check LHDN guidelines for 2026.

Fleet Expansion Budget Planning

Single Lorry Addition

Adding first lorry to existing operations.

Equipment: 5-ton lorry (RM135,000)

Bank: RM13,500 - RM27,000 down payment
Ing Heng: 0% down, full financing

Multi-Lorry Fleet

Adding 5 lorries for logistics expansion.

Equipment: 5 × 5-ton lorries (RM675,000 total)

Bank: RM67,500 - RM135,000 down payment
Ing Heng: RM0 down, preserve cash for driver wages and fuel

Prime Mover Upgrade

Replacing old prime mover with newer model.

Equipment: Used prime mover (RM150,000)

Bank: Rejected (7 years old)
Ing Heng: Approved 100% financing, no age limit

Why 0% Down Matters for Transport

Transport is cash-intensive. Diesel, tires, maintenance, driver wages, tolls.

RM20,000 down payment = 4,000 liters diesel. Or 2 sets of tires. Or 1 month driver wages.

0% down keeps cash flowing. Vehicles on road earning. Not sitting idle.

Used Vehicle Financing

Banks reject vehicles over 5 years. Many good lorries run 10-15 years with proper maintenance.

We finance used vehicles based on condition. Isuzu, Fuso, Hino, Mitsubishi, SCANIA, Volvo. Any brand. Any age.

Fast Approval for Urgent Contracts

Logistics contract awarded. Need vehicles next week. Bank takes 3 weeks.

We approve in 24-48 hours. Vehicles on road. Contract fulfilled. Revenue starts.

2026 Transport Budget Tips

• Plan fleet expansion for the year
• Calculate total cost including down payment
• Consider used vehicles for cost savings
• Factor diesel subsidy into budget
• Use capital allowance for tax planning