KIA Introduces Interest-Free Installment Plan for Pakistani Car Buyers
Lucky Motor Corporation Limited, representing the KIA brand, has launched an enticing installment plan for its cars, featuring an easy and interest-free payment option, according to the company’s recent announcement.
Lucky Motor Corporation Limited, representing the KIA brand in Pakistan
To take advantage of this offer, customers are required to submit 18 post-dated cheques for the remaining amount after making a 30% advance down payment. The company highlights the simplicity of the process and the transparent payment structure associated with this installment plan.
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It’s crucial to note that customers must pay all taxes upfront, and additional expenses for insurance, tracker, registration, and freight are also to be settled in advance, following the company’s policy. Individuals or companies opting for this installment plan will enter into an official contract to formalize the arrangement.
Details of the ex-factory price, the 30% down payment (based on the ex-factory price), and approximate costs for WHT filer, registration, insurance, and tracker are provided below.”
| Vehicle Model | Ex-Factory Price (PKR) | Down Payment (PKR) | Registration (Approx PKR) | Insurance + Tracker (Approx PKR) | Total Out-of-Pocket Upfront (Approx PKR) | Per Month Installment on 18 EMI (PKR) |
| SORENTO 2.4L FWD | 9,199,000 | 2,759,000 | 552,660 | 250,000 | 3,829,123 | 357,739 |
| SORENTO 2.4L AWD | 9,449,000 | 2,834,700 | 567,660 | 270,000 | 3,945,743 | 367,461 |
| SORENTO 3.5L FWD | 9,699,000 | 2,909,700 | 971,100 | 500,000 | 4,660,803 | 377,183 |
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