05-15-2010, 06:50 PM
Cars have really gone up since the US$ strengthened (or Rupee weakened)a couple of years back. Old vehicles are now giving good returns just because of current price hike.
I feel it advisable for you to pay 50% advance to a leasing company/bank that agrees to charge IRR at 17%-19% (current rates are of course higher than this) and buy the car thereby reducing your effective monthly pay out.
Perhaps 50% is the maximum which you can pay as Equity in a car finance arrangement.
This way you can get a better car.
Opt for Suzuki SWIFT, OR Cultus or Alto keeping in view your range, if brand new car is to be purchased/financed.
Price ranges can be checked from Pak Suzuki's website. Link is given below
http//www.paksuzuki.com.pk/Pages/AllPricesAutomobile.aspx
BTW Suzuki does not pay me any commission, so you can make another choice as well.
Regards,
I feel it advisable for you to pay 50% advance to a leasing company/bank that agrees to charge IRR at 17%-19% (current rates are of course higher than this) and buy the car thereby reducing your effective monthly pay out.
Perhaps 50% is the maximum which you can pay as Equity in a car finance arrangement.
This way you can get a better car.
Opt for Suzuki SWIFT, OR Cultus or Alto keeping in view your range, if brand new car is to be purchased/financed.
Price ranges can be checked from Pak Suzuki's website. Link is given below
http//www.paksuzuki.com.pk/Pages/AllPricesAutomobile.aspx
BTW Suzuki does not pay me any commission, so you can make another choice as well.
Regards,
