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Own a Honda HRV on Monthly Installments With 0% Markup

Honda Avenue Islamabad has introduced installment schemes under the Insurance Guarantee (AIL) program for the Honda HR-V lineup, including the HR-V VTi and HR-V e: HEV hybrid.

The plans provide buyers with short-term financing options of up to 24 months, making the SUV more accessible through structured payments.

Installment Plan Breakdown

The following table outlines the installment details for both the Honda HR-V VTi and HR-V e: HEV as provided by Honda Avenue:

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Details HR-V VTi S (24 Months) HR-V VTi V (24 Months) HR-V e: HEV (12 Months) HR-V e: HEV (18 Months)
Retail Price (Ex-Factory) Rs. 7,799,000 Rs. 7,549,000 Rs. 8,999,000 Rs. 8,999,000
Freight Rs. 35,000 Rs. 35,000 Rs. 35,000 Rs. 35,000
WHT (Filer) Rs. 156,680 Rs. 151,680 Rs. 180,680 Rs. 180,680
Initial Down Payment Rs. 3,200,000 Rs. 3,000,000 Rs. 4,500,000 Rs. 5,000,000
Total Initial Payment to HACPL Rs. 3,391,680 Rs. 3,186,680 Rs. 4,715,680 Rs. 5,215,680
Insurance Premium (Comprehensive with Tracker) Rs. 116,985 Rs. 113,235 Rs. 134,985 Rs. 134,985
Insurance Guarantee Rs. 95,980 Rs. 94,980 Rs. 45,490 Rs. 84,980
Total Payment to AIL Rs. 212,965 Rs. 208,215 Rs. 180,475 Rs. 219,965
Total Initial Payment Rs. 3,604,645 Rs. 3,394,895 Rs. 4,896,155 Rs. 5,435,645
Down Payment (All Inclusive) 45% 44% 54% 59%
Balance Amount Rs. 4,599,000 Rs. 4,549,000 Rs. 4,499,000 Rs. 3,999,000
Installment Administration Dues Rs. 200,000 Rs. 200,000 Rs. 50,000 Rs. 250,000
Total Balance Amount Rs. 4,799,000 Rs. 4,749,000 Rs. 4,549,000 Rs. 4,249,000
Per Month Installment (PMI) Rs. 199,958 Rs. 197,875 Rs. 379,083 Rs. 236,056

Key Takeaways

  • The HR-V VTi variants are available on 24-month plans, with monthly installments of around Rs. 197,875 to Rs. 199,958.
  • The HR-V e: HEV hybrid offers 12-month and 18-month plans, with monthly payments of Rs. 379,083 and Rs. 236,056, respectively.
  • Down payments range from 44% to 59%, depending on the model and tenure.
  • Contact
    • 0332-0571000
    • 0320-5275000

Accessibility for Buyers

With these installment options, Honda Avenue is making the HR-V SUV lineup, including the fuel-efficient e: HEV hybrid, more accessible to customers who prefer short-term, manageable financing.

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Published by
Afaq Wajdan Malik