An installment plan for used cars has been introduced by Pak Suzuki Motor Company (PSMC).
According to the information, the installment plan is available at all authorized Suzuki dealerships. However, this offer is only valid for cardholders of Meezan Bank and Bank Al-Falah.
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The following are the advantages of the installment plan:
- Reduced Markup Rate
- A reduction in insurance rates
- Financed for Eight Years
- Discount on Processing Fees of up to 50%
- Financing for Residual Value (RV) for Up to Three Years
Suzuki’s SOS Call
In a letter to Mian Shahbaz Sharif, the interim prime minister of Pakistan, the country’s largest automaker by sales and production volume begged him not to approve tax increases in the upcoming fiscal budget.
The letter reads:
Here, we would like to draw your attention to the fact that PSMC is currently experiencing some of the worst times in its 40-year history. The company has already suffered sizable losses in the first quarter of the current year amounting to Rs. 12.9 billion as a result of the current economic unpredictability. Additionally, throughout the entire year, the company observes numerous “No Production Days.” Additionally, our dealers and vendors are also suffering greatly as a result of the current business and economic climate. Some of them have already closed, and many more are in the process of doing the same.
Suzuki pleaded with the Prime Minister to reject tax increases on cars with under 1,000cc engines. Given that the majority of the automaker’s lineup is made up of vehicles with 1,000cc or smaller engines, this makes sense.
