For used cars, Pak Suzuki Motor Company (PSMC) has introduced an installment plan.
The details state that all licensed Suzuki dealerships offer the installment plan. However, this promotion is only valid for cardholders of Meezan Bank and Bank Al-Falah.
Advantages Giving by Pak Suzuki on Installments
The following advantages of the installment plan:
- Discounted Markup Rate
- Discounted Insurance Rates
- Eight-Year Financing Period
- Up to 50% Discount on Processing Fee
- Residual Value (RV) Financing of Up to Three Years
By sales and manufacturing volume, Pakistan’s largest automaker has written directly to Mian Shahbaz Sharif, the country’s acting prime minister, pleading with him not to approve tax increases in the upcoming fiscal budget.
Letter contents, “Here, we would like to bring to kind notice that PSMC is going through the very worst of times in its history of about 40 years. The company has already suffered huge losses of Rs. 12.9 billion in the first quarter of the current year due to current economic uncertainties. The company is also observing many “No Production Days” every month throughout the year. In addition to this, our dealers and vendors are also suffering very badly due to the current economic and business situation, as some of them are already closed and many more are on the bring of closure.”
Suzuki urged the Prime Minister to oppose tax increases on vehicles with engines under 1,000cc. Given that the majority of the automaker’s inventory consists of vehicles with 1,000cc or smaller engines, this seems like a wise decision.
To read our blog on “Pak Suzuki increased car prices again by up to Rs. 350,000,” click here.