Car Premium Rates Reach Their Highest Level in Pakistan

If you book a car in Pakistan, it takes 5-8 months on average to reach your doorstep. So to avoid delays and cut short the delivery time, customers pay a ‘premium’ (own rate) on top of the price of car. This practice by dealers is unethical and spiteful since dealers and auto manufacturers take advantage of customers by overcharging them in the name of premium.

Premium Hits An All-time High

Despite some efforts by Indus Motors Company (IMC) to reduce and diminish this “premium” practice, dealers are still charging customers extra money. IMC cancelled orders of 1300 booked cars recently and gave a refund to the customers involved in this so-called premium scam. However, many Toyota cars are still being sold on premium and in fact, it has hit an all-time high in terms of value.

Not just Toyota, dealers for all local cars have put a premium on almost all major models.


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Lets take a look at delivery time and premium rates;

Premium Rates on Toyota

  • Fortuner: Rs 700,000 premium with delivery time of 7-8 months.
  • Corolla XLI (VVT-i): Premium: Rs 150,000, booking to start after 2-3 months.
  • GLI 1.3 VVT-i: Premium: Rs 2270,000 and booking will start after 2-3 months.
  • GLI 1.3 VVT-i Automatic: Rs 200,000 premium and booking will start after 2-3 months.
  • Revo: Premium Rs 500,000 to Rs 600,000 and booking to start after 2-3 months.
  • Altis Grande: Premium Rs 315,000 with booking to start after 2-3 months.
  • Altis Automatic 1.6: Rs 270,000 premium and booking will start after 2-3 months.

Premium Rates on Honda

  • Honda City Prosmetic i-VTEC 1.5: Premium rate Rs 175,000 and available in 7-8 months.
  • Honda City  i-VTEC 1.5: Premium rate Rs 165,000 and available in 7-8 months.
  • Honda City Auto i-VTEC 1.3: Premium rate Rs 180,000 and available in 7-8 months.
  • Honda City Manual i-VTEC 1.3: Premium rate Rs 160,000 and available in 7-8 months.
  • Honda City Aspire Manual i-VTEC 1.5: Premium rate Rs 155,000 and available in 7 months.
  • Honda City Aspire Auto i-VTEC 1.5: Premium rate Rs 170,000 and available in 7-8 months.
  • Honda Civic 1.8 Oriel i-VTEC CVT: Premium rate Rs 280,000 with delivery time of 8 months.
  • Honda Civic i-VTEC CVT: Premium rate Rs 140,000 with delivery time of 8 months.

Premium Rates on Suzuki

  • Mehran VX Euro II: Rs 25000-30000 with 3.5-4 months delivery time.
  • Mehran VXR Euro II: Rs 20,000-30,000 premium with 3.5 to 4 months delivery time.
  • Cultus VXR: Rs 40,000 premium with 2 to 3 months delivery time.
  • WagonR VXR: Rs 120,000 premium with 4 to 5 months delivery time.
  • WagonR VXL: Rs 160,000 premium with 4 to 5 months delivery time.
  • Swift DLX 1.3 Automatic: Rs 30,000 premium with delivery in 5 months.
  • Vitara GL+: Premium rate Rs 30,000 and delivery in 5 months.
  • Bolan Cargo Van Euro II: Rs 40,000-50,000 with delivery in 3-4 months.
  • Bolan VX Euro II: Rs 40,000-50,000 with delivery in 3-4 months.
  • Ravi Euro II: Rs 30,000-40,000 with delivery in 2-3 months.

Premium Rates on FAW

  • FAW V2: Premium rate between Rs 45,000 & Rs 50,000 with delivery between 2.4 and 4 months.

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Most of the models that are without any premium have a long delivery time as well.

Government should take measures to direct auto-manufacturing companies to increase their production or control this menace of own rates. Furthermore, government should also regulate the prices of cars. By increasing taxes and employing a difficult procedure to import a car, the government is forcing people to either wait for a new car or pay extra premium to car dealers.

Via: Pakwheels


  • What does premium with delivery time mean? If someone gives premium, he still has to wait 4-5 months?

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