Scania Credit Malaysia Reaches 1,000th Contract Milestone With Financing Of MGS Group Fleet
Scania Credit Malaysia (SCMY) has reached a significant milestone with MGS Group of Companies (MGS) as its 1,000th Financial Services contract signed. MGS had placed an order for 15 units of Scania G410 series for its truck fleet. 
At the Scania Malaysia Senai Sales and Services Centre, Anson Phua, Country Manager of SCMY and Teh Chin Hua, Group Director of MGS, exchanged the signed documents. At the same time, Scania Southeast Asia Managing Director, Heba El Tarifi, handed over 6 Scania G410A6x2NZ prime movers to MGS, which qualified for a flexible deposit plan, will enjoy ownership without the heavy capital outlay. The prime movers will appear as assets in MGS’ balance sheet and it will take full ownership once all scheduled payments have been made. 
SCMY offers a range of flexible and comprehensive financial solutions that will offer MGS predictable costs and manageable risks over the entire life cycle of its vehicles. SCMY also provides attractive hire purchase financing packages for 5 years to MGS. Additionally, MGS has the option to include insurance coverage as well.
Further, the R&M (repair & maintenance) contract subscription will give MGS worry-free operation due to predictable costs over 5 years. MGS will then be able to focus on its business with planned downtime giving maximum uptime thanks to the precise scheduling for repairs and maintenance which eliminates disruptions to daily operations.
“We have been a customer of Scania for a very long time and SCMY has been supporting us since January 2014 when we signed-up for our first hire purchase agreement. We have benefitted from the flexible deposit and fixed repayment programme giving us accurate budgeting. The financed vehicles show as an asset in our balance sheet; interest charges are allowable against tax. Through the custom-built financial plans that SCMY have devised for us, we are able to focus on running the business with peace-of-mind due to predictability of costs. This is one of the main reasons why we continue to invest in the Scania trucks” said Teh Chin Hua.
The Scania G410 also has an advanced powertrain designed and engineered to give MGS better fuel efficiency while lowering CO2 emissions. Together with the prime mover’s aerodynamic solutions, this gives improved fuel economy of about 3%. Moreover, the truck is pre-set to Economy Mode by default to save even more fuel. MGS can also use data from the Fleet Management System Control 10 to improve the drivers’ performance to further increase fuel savings.
Established in 1987, MGS Group has over 30 years of experience and expertise in logistics and freight services. It provides one-stop logistics solutions to clients from over 100 different industries, covering a broad range of services from freight transportation, shipping, supply chain management, custom clearance to warehousing and distribution. The MGS Group and its 7 subsidiaries operate primarily in 6 locations throughout Peninsular of Malaysia and Singapore, with its headquarters in Muar, Johor. Its comprehensive logistic services are fulfilled by its owned in-house network and collaborative transportation with its international and local partners.
“We truly appreciate MGS for having faith in our financial proposal and understand the need for SCMY support in MGS’ expansion plans. We give our assurance that we are always ready to back MGS with SCMY’s customise proposal that will secure sustainability and profitability for its business,” stated Anson.
For more detailed information on SCMY’s financial packages and the total solutions services, please visit the nearest Scania Malaysia Sales and Services Centre or scania.com.my. Alternatively, you can call 03-7845 1000, or email your enquiries to smyenquiries@scania.com.
