2022 Suzuki Swift, Discussion/ Owners / Fanclub Thread

[Zubairmukati]

Which bank is providing the best rates? I

[Massive_One]

4 month is given for Alto vxr this is swift and I know how difficult is waiting period people easily say don't buy on own and go for booking but its very unpleasant to wait

especially when you are under a constant fear there might be a price hike announced anytime and you might end up paying more than the own money + the wait : (

total failure from govt. to control this situation.

[disisfifty]

one should cut their losses and try to bargain over "ON". this is the only way to purchase car in current market.

[kaashiif]

I absolutely agree with you those who are saying don't buy on own have multiple vehicles available and its luxury for them but for us its a necessity. I have heard Suneel Munj many times saying vehicles' don't have ventilator in them so book and wait he can say it as he has many vehicles available for travelling from point A to point B not everyone has availability (in absence of decent transport in most cities of this country) so its easier said than done for those people.

[engineerjibran]

I think the car import conditioned will be eased in the coming month as the change of govt seems quite imminent now. There may be reversal of FED as well.

[abdulmajidqureshi]

With the pressure on rupees increasing in Hajj season, I doubt we will see import of vehicles opening anytime soon.

The only solution is to ramp up production of local industry. At the moment, there isn't one car worth having that you can have in less than 4-6 months.

Toyota Altis booking is closed and the last car they booked was for December. Civic is going beyond January. Swift is likely to get stuck at the 4 month mark due to the policies of PakSuzuki.

I agree with Suneel bhai, we can only prevent On culture if we all book n wait. For my own self I have practiced the same mantra and I feel if all ppl become averse to On culture then it will cease to exist. In the present situation, consumers need to team up and make action forums against malpractice of local manufacturers

[drsameerkhowaja]

Salam everyone. I have been a silent member of this thread since Swift's launch.
Now planning to get one...
Should I go for this plan?
Whats the difference in leasing and financing?
Thanks

[hariskhan1989]

I think someone expert in car finance can answer this question as I am not an expert in car financing or leasing, etc.

@chinyoti Can you please help him decide the mode of financing?

[kaashiif]

It looks like this will become fact in next week in light of Toyota Indus price increase that came up today. $ in interbank is touching 182 now.

[pwuser159015967119]

brother in current scenario. it is better to pay on and get the car. because if you wait , then by the time you get delivery,, the price of car will be increased a lot more then that ON money. The feasible solution to ON is ramping up production levels. and making policy by govt. to stop booking of cars for more than 2 months. current manufacturers are booking cars for the whole year. Mostly investor bookings with very few bookings for genuine customers.

[chinyoti]

On leasing, the car is on banks name. On financing the car is on your name.

This is the best I know

[drsameerkhowaja]

Thanks for the input

[abdulmajidqureshi]

In leasing you are basically renting the asset till payback is complete. While in financing, you are loaning money from bank and have purchased car from loaned amount. This means technically in leasing if you don't pay up the asset belongs to the leaser but in financing if you don't pay up u can continue to have the asset and not get anymore loans ever again.. in textbook terms financing gives you more control over the asset as compared to leasing..

[hariskhan1989]

Go for Suzuki RV (residual value) financing mode…

Why?

Let’s suppose the price of the newly launched Swift is 3,000,000 PKR. You have a 1,000,000 PKR down payment. You have opted for the financing tenure of 3 years. Wait, you are paying too low for a down payment and your financing tenure is 3 years. In a conventional financing mode, your monthly installment will be too much higher.

RV financing provides you an option to decide the residual value of the vehicle in return for a low monthly installment. Since 3,000,000 PKR is the total amount of the car, you have a down payment of 1,000,000 PKR (which is approximately 35% of the total amount). You can select the RV value to be 30% (approximately 550,000 PKR).

Now exclude 550,000 PKR from 3,000,000 PKR = 2,450,000 PKR. Since you have paid the 35% down payment already, which is equivalent to 1,000,000 PKR from 2,450,000 PKR = 1,450,000 PKR.

Yes, you will be paying the installment of this amount (1,450,000 PKR) for 3 years.

Here is the tricky part, once your 3-year finance tenure is ended… you will have to pay the RV amount of 550,000 PKR in one go to claim the ownership of that car.

[drsameerkhowaja]

Thank you so much for summarizing it up nicely... RV system is the one to go for ... Will opt for that insha'Allah

[hariskhan1989]

Why is the Swift thread slower than the newly launched Civic?

[valkyr]

@hariskhan1989
Hahaaa, that's the exact same thing I noted as well .
Civic and Corolla are the big guns I guess.

[fastian04]

Because Swift buyers see Yaris and City as an option. Civic has no competition being the newest car in Pakistan for now. I guess that's the only reason.

[hariskhan1989]

Probably…

[hariskhan1989]

Suzuki may deliver the newly launched Swift to exchange program customers by the end of this month or by the first week of next month.