KIA offers interest-free installment plan for its cars
MG News | November 10, 2023 at 12:23 PM GMT+05:00
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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