just to check, my colleague recently bought a car from PI to drive PHV part time. what i was surprised is that he was told to register a company and took a loan at higher interest rate. when i told him personal loan is lower in interest rate, he told me in order to change from p10 to z10, need to do refinancing or pay finish the loan.
i was surprised, i thought just take personal loan, get phv insurance, change from p10 to z10 would do. didnt the law already allow individuals to drive phv without registering a company?