Installment Plans for Used Cars, Announced by Suzuki Pakistan
Suzuki Installment Plans for Used Cars: Pakistan’s auto industry is facing extremely difficult times. Buying and selling used cars is very important for the survival of the largest car manufacturing company Pak Suzuki. The current economic uncertainty has left the government without a solid plan to revive the struggling industry.
استعمال شدہ سوزوکی کے کار حاصل کرنے کے لیے اپ ہیڈ افس سے رابطہ کر سکتے ہیں ہیڈ اف اس سے رابطہ کرنے کے لیے معلومات اپ کو یہاں پر فرام کی گئی ہے
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Among all the players in the market, Pakistan Suzuki Motor Company has suffered the most. All Suzuki customers are therefore informed that the company has now started giving profit to people on used cars. Meezan Bank, in collaboration with Bank Al-Falah, is introducing a one-of-a-kind scheme of used cars to attract customers
Suzuki Pakistan Announced the Easy Installment Plan
Whose plan comes with various benefits including concessional insurance, a 50% discount on Sharia processing fee, discounted rate of mar cup and the option of residual value financing for up to three years. The financing period is up to eight years. PSMC finds itself in a critical situation in Pakistan’s automobile sector
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In an effort to ensure its survival, the company has requested the government from Prime Minister Shahbaz Sharif to reduce duty and tax on vehicles with an engine capacity of up to 1,000 cc. As the country’s largest manufacturer of passenger cars and light commercial vehicles. PSMC in Pakistan is basically one of the low-engine capacity vehicles that are running in Pakistan. He hopes that after the tax cut, his car stops will increase tremendously
Suzuki Installment Plans New Update
The plan has various benefits including a 50% discount on the fee for subsidized Bima Shari’a and an option of up to three years of residual value assistance.
In light of the current situation, there is a request from the Pak Suzuki government to reduce the tax
That they should not impose additional duties and taxes in the upcoming federal budget, especially on vehicles with an engine capacity of up to 1,000 ccs.
The situation calls for careful consideration and action. Share your thoughts on the ongoing situation
Alto Car Price In Pakistan
| Variant | Price | Filer Tax | Non-Filer Tax |
|---|---|---|---|
| Alto VX | PKR 2,251,000/- | PKR 10,000/- | PKR 30,000/- |
| Alto VXR | PKR 2,612,000/- | – | – |
| Alto VXR-AGS | PKR 2,799,000/- | – | – |
| Alto VXL-AGS | PKR 2,935,000/- | – | – |
| Variant | Price | Filer Tax | Non-Filer Tax |
|---|---|---|---|
| WagonR VXR | PKR 3,214,000/- | PKR 20,000/- | PKR 60,000/- |
| WagonR VXL | PKR 3,412,000/- | – | – |
| WagonR AGS | PKR 3,741,000/- | – | – |
Final Words
Suzuki Pakistan has introduced a new installment plan for used cars, aimed at easing the financial burden on customers in light of the country’s economic challenges. In collaboration with Meezan Bank and Bank Al-Falah, this scheme offers various attractive benefits, including concessional insurance, a 50% discount on the Sharia processing fee, and discounted rates on financing. The financing period for the used cars can extend up to eight years, with an option for residual value financing for up to three years. This initiative is part of Suzuki’s strategy to attract more customers and stay afloat amidst the current difficulties faced by the Pakistani automobile industry.
The situation for Suzuki in Pakistan has been particularly tough, as the company navigates an uncertain economic environment. In response, Suzuki has requested the government to reduce taxes and duties on vehicles with engine capacities up to 1,000cc, a key segment of their production. The company believes that such a tax reduction would significantly boost sales and contribute to the survival of Pakistan’s largest car manufacturer. As Suzuki works to ensure its sustainability, the installment plan is a vital move to offer financial flexibility to consumers while supporting the struggling industry.
FAQs
How long is the financing period for the Suzuki Used Cars?
The financing period can extend up to eight years, making it easier for customers to pay in manageable monthly installments.
What is residual value financing?
Residual value financing allows customers to pay a smaller amount in the initial years of the loan, with a larger sum due at the end of the financing period. This option is available for up to three years under this installment plan.
Is the installment plan available for all Suzuki cars?
No, the installment plan is specifically for used Suzuki cars. The financing option may vary based on the car’s model and condition.
Who is eligible to apply for this installment plan?
The installment plan is available to individuals who wish to purchase used Suzuki cars, subject to the approval of the bank’s financing process. Applicants must meet certain eligibility criteria set by Meezan Bank and Bank Al-Falah.
How can I apply for the Suzuki Used Car Installment Plan?
To apply for the Suzuki installment plan, you need to visit Suzuki’s authorized dealerships or contact the partnering banks (Meezan Bank or Bank Al-Falah). The application process will involve providing necessary documents and meeting the bank’s requirements for loan approval.
Are there any additional taxes or duties?
Suzuki Pakistan has requested the government to reduce taxes and duties on vehicles with engine capacities up to 1,000cc. This would help reduce the overall cost of the car, but it is still subject to government approval.