well my study about this whole car financing from banks ended up w the result that:
ALL THIS IS A SINGLE THING
WHEATHER FROM A NON ISLAMIC BANK OR AN ISLAMIC BANK,
THE NAME OF INETEREST IN ISLAMIC BANK IS RENTAL, WHICH REMAINS SAME EVEN WHEN THE HIRED CAR IS OLD, THE INSURANCE FACTOR IS 100% SAME FOR BOTH TYPES OF BANKS, N THE BANKS & GOVT.S CLAIM THAT THEY R WORKING ON DEVELOPING ISLAMIC INSURANCE SYSTEM,
I HEARD THIS MANY YRS BACK, BUT STILL NOTHING HAPPENED,
IN SHORT U LL HAV 2 PAY WAT U DON WAN 2 PAY,
BUTIF U DON NOT HAV ANY OTHER OPTION BUT 2 BUY A CAR NECCESARILY UR WORK LL STOP WITHOUT IT, I PERSONALLY BELIVE U CAN BUY FROM ANY BANK I MEAN GET THE CAR FINANCED FROM ANY BANK,
2NDLY AS U R GETTING FINANCED THEN U LL NOT B ABLE 2 MAINTAIN IMPPORTED CARS,
MOREOVER WITHIN THIS RANGE A FEW CARS , V SMALL IN GOOD N MEDIUM IN JUST OK CONDITION,
BANKS USUALLY FINANCE MAX 5 YRS OLD IMPORTED CARS MOST PROBABLY FOR IMPORTED CARS THEY ASK FOR MAX 3 YRS OLD CARS,
HOPE U HAV GOT MANY THINGS FROM MY POINTS,