Toyota Brings An Exclusive Installment Offer For All Cars
After the price reduction series, car companies seem inclined toward the installment offer saga thanks to low sales and record-high prices. Following Pakistan Suzuki Motor Company (PSMC) and JW Forland, the old player, Toyota Indus Motor (IMC ), has also announced an enticing installment for all its prominent including Fortuner, Corolla , Hilux , and Yaris.
While collaborating with Bank Al Habib, Toyota Pakistan’s finance Offer allows you to turn your dream of owning a car into a reality.
Here’s what you can look forward to:
Terms and conditions apply, and this offer is exclusively for TPP customers of Corolla on select variants while stock lasts.
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The Price Drop Saga
Earlier, the established players, including new entrants, decreased their car prices massively. Peugeot Pakistan, a subsidiary of Kia Lucky Motors, Pakistan Suzuki, Changan Pakistan, and JW Forland were on the list. The whole episode communicates a simple message that high car prices have not only ceased the purchaser power of customers but also pushed the sales volume to a historic low.
Interestingly, escaping a new GST slab is another factor contributing to the sudden and staggering price drop observed last week. Ali Khizer, the famous economist, pointed out that after price reductions, the new rates range between Rs. 4.69 million and Rs. 4.77 million.?
It is important to remember that before the price revision, the range was between Rs. 4.83 million and Rs. 6.28 million, so this is a very noticeable revision. There is a reason for the new prices of all four cars mentioned above to remain below Rs. 4 million without GST. But why? The answer is simple: the 25% GST on cars.?
What do you think about the Toyota Indus Motor’s recent installment offer? Tell us in the comments section.
Chairman / Former President of Executive Committee in the Pakistan Association of the Deaf
6 个月*Congratulations on the New Executive Committee.* #PAD #EC #BOARD #OFFIXEBEARER #ExecutiveCommittee https://www.dhirubhai.net/posts/asif-amin-farooqi-826b561b8_pad-ec-board-activity-7148942553336254464-kELY?utm_source=share&utm_medium=member_desktop
Group Head, Credit and Collection, SOS Pakistan Pvt. Ltd
6 个月1 year KIBOR is around 21.24% plus 2% plus 1.90% insurance makes it 25.14 Which is very expensive affair and availability of such facilities are available to every eligible person. No significant value addition.
Manager People & Business Partnering @ HRSG | Strategic Human Resources
6 个月The recent installment plans by Toyota and Suzuki seem more like desperate attempts to salvage dwindling sales rather than genuine efforts to provide value for money to Pakistani consumers. While these companies have been making undue profits for years, their insistence on high prices without corresponding value undermines the purchasing power of citizens. The installment schemes appear as yet another gimmick to extract money from hardworking individuals without addressing the fundamental issue of affordability and value. It's time for these companies to prioritize the needs of consumers over their own profit margins.