AmBank vies for share of Tesla car loan business

KUALA LUMPUR: AmBank has entered into a tie-up with Tesla Inc. to offer an attractive auto financing package for Malaysians who want to buy the Tesla Model Y.

AmBank and Maybank are the two Tesla preferred financing providers.

The launch of Tesla Model Y in Kuala Lumpur marks the official entry of Tesla in the country under its Malaysian entity Tesla Malaysia which involves full-fledged bona fide sales, distribution, warranty, and after-sales services.

The AmBank financing package offered to Malaysians applies to all three variants of the Tesla Model Y.

AmBank is also partnering with Liberty Insurance to insure Tesla vehicles. InsureMyTesla by Liberty Insurance will be the go-to insurance product coverage for Tesla vehicles.

AmBank Group’s AmGeneral Insurance Berhad merged with Liberty Insurance Berhad recently, following the latter's 100% acquisition of AmGeneral’s shares.