Buying car on installment

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autophile (autophile) 2013-08-19 04:49:45 +0500 #41

http://www.bankalfalah.com/cltp-content/uploads/2013/01/Fixed-Rates.pdf

fazalwahab11375 (fazalwahab11375) 2013-08-19 04:57:26 +0500 #42

Damn!

If you have good credit history. Its like 1.99 for buying Mercedes BMW and so on.

Even Zero on Toyota, VW and so on for 60 months. Also comes with free service for 3 yr/36K.

I got a car for zero for 60 months.. Plus free oil change for 42 months and free car wash for life ( till the time I own it)

https://www.pakwheels.com/forums/members-member-rides/215631-pakwheelers-map-place-marker-get-connected

awais.9 (awais Khalid ) 2013-08-19 05:25:30 +0500 #43

they keep revising them every year even if u got it on lease b4

what about the people who dont have any credit history lol

waris_arsh (waris_arsh) 2013-08-19 06:39:03 +0500 #44

go for a used clean cuore in your budget
i would also suggest you to stay away from car leasing

faiz.aslam.121 (Faiz Aslam) 2013-08-19 07:00:43 +0500 #45

Pakistani bank's which offers lease option and dealers which sell on cash loot the customers, since we don't have many choices from brands, so there is no competition, pure monopoly:(

Over here, you buy a Corolla for roughly $15-19,000 and you gotta buy a separate ECU cover for like $9.
Buy a Honda City, gotta buy an cabin air filter... come on there is a limit to stingyness... lol
Note: Prices were converted from PKR to US dollar.

autophile (autophile) 2013-08-19 16:04:35 +0500 #46

How much is the insurance and parking in US?

Newton (Newton) 2013-08-19 16:19:18 +0500 #47

Get a leased car by the time ur payments will end the value of the car will be more than that

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autophile (autophile) 2013-08-19 16:22:53 +0500 #48

Trying to make them understand the same Newton jee

TM 2013-08-19 16:45:26 +0500 #49

Ummm bought a Suzuki Mehran LE in 2004...i think at that time the price was like 365k...I paid something like 175k and rest in 48 installments, of Rs. 4300 a month (this includes installments and insurance)...after using it for 9 years and a 100k km on odo...it was sold for 425k

fazalwahab11375 (fazalwahab11375) 2013-08-19 19:17:21 +0500 #50

Well insurance depends on your driving record and the state you live in. Also type of car.

Parking in the city commercial area is expensive but other than that in residential town is free. Yes we have street cleaning rules two times a week so you should not be parking on that side of the road.

So as far as insurance. I have two cars. 12/13. I have full bumper to bumper collision plus comprehensive coverage including glass. As one car is still under loan so bank require full coverage.

My six month premium is $1200/- if I was in texas. It would have been below 600/- my cousin has bad record, multiple accidents in last couple of years.He has 2011 civic and he pays 2200 for 6 months that too for one car.

An accident remain on your record (not involving fatalities) for 5 years in state of NY. So it effects your insurance premium. My premium will go down by another $50 in Jan 2014.if i don't get any moving violation or any accident no matter my fault or not.

https://www.pakwheels.com/forums/members-member-rides/215631-pakwheelers-map-place-marker-get-connected

ayazahmed110 (Ayaz Ahmed) 2017-08-15 01:04:26 +0500 #51

Any dealer here i want to buy Honda civic2017 on installment

an_war (Anwar) 2019-12-12 23:33:21 +0500 #52

Asalamoalikum. I want to buy a new car but due to budget restraints I can't buy a good new model car immediately on cash, I therefore need advice whether on not it would be safe to buy a/ny car on installments from these third party businesses, who lease cars on installment, and how can one stay safe and avoid being defrauded if it is okay to get cars from these people. your guidance in this regard would be really helpful. thank you.