Suzuki is Offering Installments for Used Cars With Warranty

Newstoday: An installment plan for pre-owned cars has been introduced by PSMC, which can be accessed at any authorized Suzuki dealership. However, the offer is only available for the card holders in Meezan Bank and Bank Al-Falah bank. The benefits of this installment plan are as follows: reduced markup rate, lowered insurance rates, financing period of eight years, processing fee discounts of up to 50%, and up to three years of residual value financing. PSMC, the largest car company in Pakistan, has sent a letter to the interim Prime Minister Shahbaz Sharif, demanding that he reject the proposed tax hikes in the upcoming fiscal budget.

The company is already struggling with significant losses of Rs. 12.9 billion in the first quarter of this year, due to the current economic uncertainties. Dealers and vendors are also facing hardships, with some already closed and many others at risk of shutting down. PSMC has specifically requested that the Prime Minister refrain from increasing taxes on cars with engines up to 1,000cc, as this could significantly harm the automaker's lineup, which mainly consists of cars within this engine range.