Lucky Motor Corporation Limited, operating under the esteemed KIA brand, has introduced an alluring installment program, setting a new industry standard for transparency and convenience. This groundbreaking initiative not only offers a compelling alternative for potential car buyers but also features a seamless and interest-free payment structure, as revealed in the latest company announcement.
Simplicity at Its Core:
The heart of this innovative program lies in its simplicity. To seize this unprecedented opportunity, interested buyers need to make a 30% down payment upfront and submit 18 post-dated cheques for the remaining amount. KIA emphasizes the simplicity of the entire process, coupled with a transparent payment structure that sets a new standard in the automotive industry.
Financial Transparency Unveiled:
For those interested in the nitty-gritty details, the installment plan offers a comprehensive breakdown of costs, ensuring transparency at every step of the way. It includes critical components such as the ex-factory price, the 30% down payment (calculated based on the ex-factory price), and additional costs for the WHT filer, registration, insurance, and tracker. KIA’s diverse range of SORENTO models, each available in different variants, provides prospective buyers with a detailed understanding of their financial commitment.
Financial Breakdown for SORENTO Models:
Vehicle Model | Ex-Factory Price (PKR) | Down Payment (PKR) | Registration (Approx PKR) | Insurance + Tracker (Approx PKR) | Total Out-of-Pocket Upfront (Approx PKR) | Per Month Installment on 18 EMI (PKR) |
---|---|---|---|---|---|---|
SORENTO 2.4L FWD | 9,199,000 | 2,759,000 | 552,660 | 250,000 | 3,829,123 | 357,739 |
SORENTO 2.4L AWD | 9,449,000 | 2,834,700 | 567,660 | 270,000 | 3,945,743 | 367,461 |
SORENTO 3.5L FWD | 9,699,000 | 2,909,700 | 971,100 | 500,000 | 4,660,803 | 377,183 |
Upfront Obligations and Formal Agreements:
Customers opting for this innovative installment plan are required to pay all taxes upfront, aligning with the company’s policy. Additionally, ancillary expenses such as insurance, tracker, registration, and freight charges are to be settled in advance. To formalize the agreement, individuals or companies choosing this plan will need to sign an official contract, solidifying the commitment from both parties. This streamlined ownership process not only enhances transparency but also reinforces KIA’s commitment to providing customers with unmatched convenience.
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A New Era of Car Ownership:
KIA’s new installment program is a game-changer in the automotive industry, offering enhanced accessibility to their coveted vehicles. It also sets a benchmark for transparency and convenience. By providing a detailed financial breakdown and a straightforward process, KIA ensures that potential buyers can make informed decisions, ushering in a new era of hassle-free car ownership. As the automotive landscape evolves, KIA stands at the forefront, redefining the path to owning a vehicle.
Breaking Down KIA’s Innovative Installment Program:
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.
To avail of this offer, customers need to submit 18 post-dated cheques for the remaining amount after making a 30% advance down payment. The company emphasizes the seamless process and straightforward payment structure associated with this installment plan.
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Affordable Car Financing:
- KIA SORENTO 2.4L FWD: This model comes with an ex-factory price of 9,199,000 PKR. Customers can secure it with a down payment of 2,759,000 PKR. Registration costs approximately 552,660 PKR, while insurance and tracker expenses are around 250,000 PKR. The total out-of-pocket upfront cost is approximately 3,829,123 PKR, with a monthly installment of 357,739 PKR for 18 EMIs.
- KIA SORENTO 2.4L AWD: This variant is priced at 9,449,000 PKR. A down payment of 2,834,700 PKR is required. Registration costs approximately 567,660 PKR, while insurance and tracker expenses amount to roughly 270,000 PKR. The total out-of-pocket upfront cost is approximately 3,945,743 PKR, with a monthly installment of 367,461 PKR for 18 EMIs.
- KIA SORENTO 3.5L FWD: With an ex-factory price of 9,699,000 PKR, this model requires a down payment of 2,909,700 PKR. Registration costs approximately 971,100 PKR, and insurance plus tracker expenses total around 500,000 PKR. The total out-of-pocket upfront cost is approximately 4,660,803 PKR, with a monthly installment of 377,183 PKR for 18 EMIs.
Transparency and Convenience:
However, it’s important to note that customers are required to pay all taxes up front, and additional costs for insurance, tracker, registration, and freight are also to be settled in advance, following the company’s policy. An official contract will be signed by individuals or companies opting for this installment plan.
If you are interested in learning more about the KIA Installment Plan, please visit the KIA Pakistan website or contact a KIA dealership near you.