If you’re between 18 and 30 and buying your first car, CIMB’s First Car Solution programme bundles car financing with up to two years of free road tax renewal, insurance and takaful options, and up to RM1,200 a year in petrol cashback. The programme runs until 31 August 2026, but only 1,000 customers can sign up, and the road tax benefit comes with several conditions.

What The Package Covers

The road tax benefit is worth up to RM120 per qualifying year, or RM240 across two years. CIMB says it is the first bank to include road tax renewal as part of a car financing package.

The programme also includes insurance and takaful protection, which you can take up when you sign your car financing. And then there’s the added bonus of  Purchase Price GAP (PPG) insurance, which pays the difference if your car is totalled and the insurer’s payout is less than what you originally paid for the car.

CIMB offers up to five years of PPG or takaful protection under this programme. You can finance up to 90% of the car price, with a repayment period of up to nine years.

The credit card part of the package uses the CIMB PETRONAS Visa Platinum-i Credit Card, which gives up to RM1,200 a year in cashback on petrol and car-related spending. The card also offers rebates on groceries and dining.

The Road Tax Benefit Comes In Two Stages

The road tax saving does not come automatically with a car loan. To get the first year’s road tax, you need to take up selected protection products through the Auto Finance Centre. You also need to apply for the CIMB PETRONAS Visa Platinum-i Credit Card for the first time and activate it.

The second year’s road tax benefit has a separate condition. You need to renew Secure Motor or IKHLAS Private Car Comprehensive Plus Takaful within 14 months after the programme period ends.

The road tax benefit may not arrive as a direct payment at the counter. Under the terms, CIMB may credit it into your CIMB current or savings account instead, or give it in another form worth the same amount.

Eligibility Requirements

The programme is open to new and existing CIMB customers aged 18 to 30 who are buying a new, used, or reconditioned car for the first time. You need to apply for CIMB Auto Financing, accept the approved offer, and have the financing paid out by 31 October 2026.

If you have an existing car financing record in CCRIS, you do not qualify. The programme is also limited to 1,000 customers on a first-come, first-served basis, and you can only receive the road tax reward once a year.

Practical Value For First-Time Buyers

CIMB Malaysia and CIMB Bank CEO Gurdip Singh Sidhu said the programme was developed for first-time buyers dealing with rising living costs and car prices. “Beyond access to financing, buyers should ensure monthly commitments remain manageable over time,” he said in a statement.

The practical value of the package depends on whether you were already planning to finance through CIMB, take up motor insurance or takaful, and apply for the credit card. If you were, the free road tax and petrol cashback would reduce your ownership costs by a few hundred ringgit a year. If you were not planning to take up all these products, the road tax saving alone may not be the best reason to choose this package over other financing options.

If you’re shopping around, compare the full cost of this package with what other banks have to offer. If you fall outside the 18-to-30 age range, you can still compare car financing options from other lenders.

The programme is available through CIMB’s First Car Solution page.

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