November 30, 2023 (MLN): Pak Suzuki Motor Company Limited (PSX: PSMC)in collaboration with Meezan Bank Limited (PSX: MEBL) is introducing a limited-time Islamic financing offer without Riba that allows customers to save up to Rs650,000, as disclosed by the company in its latest post on X (formerly known as Twitter).
This financing scheme will offer benefits like free 1-year maintenance, priority delivery, a special discounted takaful rate, etc.
Total savings through free maintenance and savings on rentals with respect to different models are:
Alto AGS
WagonR VXL
Cultus AGS
Swift GLX CVT
Free maintenance
46,000
28,000
28,000
39,000
Savings on rentals
445,920
518,400
616,860
352,944
Total savings
491,920
546,400
644,860
391,944
The rentals will be purely based on ex-factory prices with the savings amount based on the availability of the selected model.
Moreover, a30% security deposit is required with a tenure span of five years, with the exception of Swift, which entails a 40% security deposit and a three-year tenure.
