As prices drop and sales remain sluggish, car manufacturers are turning to installment offers to attract buyers.
Joining the trend set by Pakistan Suzuki Motor Company (PSMC) and JW Forland, Toyota Indus Motor (IMC) has introduced installment plans for its popular models like Corolla and Yaris.
Teaming up with Bank Al Habib, Toyota Pakistan’s financing offer turns your car ownership dreams into reality. Expect the following terms and conditions:
- Special Financing: Enjoy an exclusive mark-up rate of 1 Year KIBOR + 2.5%, making your dream car more budget-friendly.
- Lower Insurance Rates: Enjoy an exclusive insurance rate of only 1.9%.
- Toyota Protection Plan: Protect your investment with Toyota’s trusted protection plan.
- Extended Warranty: Benefit from a complimentary 4th-year extended warranty.
- Priority Delivery: Get your new Toyota faster for a seamless driving experience.
Previously, major players in the automotive industry, both existing and new, significantly reduced their car prices. This included Peugeot Pakistan, a subsidiary of Kia Lucky Motors, Pakistan Suzuki, Changan Pakistan, and JW Forland. High car prices have led to reduced purchasing power and historically low sales volumes.
Im interested toyota yaris
Kibor + 2.5% is too much. Companies should offer installments with 0% interest if they want to sell cars.
I am interested in
Toyota Corolla Altis Grande
1.8 Full Option
Pls do let me know that how I can get Altis Grande 1.8 on Instalment plan
I interested for Toyota grande
Contact me sir
Required Installment car
I appreciate instalment on car this trend is going at all over the world.
Kindly share the method of installments. Thanks.
Good decission from toyota indus
Too much, they should offer installment without kibor.
Too much interest, no difference with other banks only eyewash
Due to price decline it should offer minimum interest rate i e in decimals
I m getting on 19% from bank islamic on fix rate . Stop joking
I am interested in Yaris
Again it is kibor+%age above. Why toyata or the any car manufacturer wait for payments and exclude bank finances. Car manufacturers should collect instalments directly. The payment should be covered through insurance and the dealer margin be spent on insurance expenses. The vehicle should remain joint property of car manufacturer and customer till the final payment. The exclusion of bank finance would reduce cost and boost sales. This can be made an option for those who have good banking and financial history , tax filer and have appropriate income source. Even for those who pay 50% upfront. Avoiding bank finance would reduce the burden on buyer and may boost sales. No where in the world the financial charges are in even double figures. Just give it a try.
Kibor+2.5% is the other way around to earn with both hands by the manufacturer as well as the banks also.
I want to Bay Corolla on instalment please send me details
Toyota should decrease care prices significantly lower as well
Getting over priced cars on KIBOR +2.5% it will be like insult to injury 🤕🤢