As per my experience I have been trying to lease a FAW V2 but in Al Falah and Bank Al Habib there is increased mark up rate for FAW i.e 11.26% instead of 10.26%
Secondly, minimum down payment is 30% instead of 20%.
Thirdly, maximum duration of lease is 3 years instead of 5 years.
Now if you want to lease any other toyota, honda , suzuki car from same banks than they can provide you competitive rates which are available in market.
During the discussion it was even said that FAW resale is not good one factor is this next reason why banks are doing this discrimination is because they are not sure if FAW would be in operation in next 3 years or not. And the banker specifically said that if for some reason we have to impound the car than within 3 years it seems feasible as we are not sure of future of FAW.
MCB is not leasing Faw at all.
I was in search of a bank who could lease FAW V2 with 20% down payment and on a 5 year lease plan. With interest rate 10.26% and insurance including tracker at 3.6%.
If any of you would like to share your experience or would like to enlighten me on this please come forward as till now all my efforts have been in vain.