KIA offers interest-free installment plan for its cars

MG News | November 10, 2023 at 12:23 PM GMT+05:00

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November 10, 2023 (MLN): Lucky Motor Corporation Limited (KIA) is offering an easy and interest-free installment plan for its cars, according to a notice issued by the company today.

The customers can avail this offer by submitting 18 post dated cheques for the remaining amount after paying the 30% advance down payment. The company claims that the process is seamless and has an easy payment structure.

Vehicle	Ex-Factory Price	Down-Payment (30% of ExFactory)	WHT Filer	Registration (Approx)	Insurance + Tracker (Approx)	Total Out of Pocket Upfront (Approx)	Per Month Installment on 18 EMI
SORENTO 2.4L FWD	9,199,000	2,759,000	552,660	250,000	254,763	3,829,123	357,739
SORENTO 2.4L AWD	9,449,000	2,834,700	567,660	270,000	261,383	3,945,743	367,461
SORENTO 3.5L FWD	9,699,000	2,909,700	971,100	500,000	268,002	4,660,803	377,183

Amount in PKR

However, the customers have to pay all the taxes upfront.

Moreover, the insurance, tracker, registration, and freight costs are also to be paid in advance as per the company's policy.

The company also states that a contract will be signed by the individual or company who opts for the installment plan.

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