Car financing by private companies

[fawadarain15]

Assalamo Alikum,
Yeh jo olx per car financing private companies ker rahi hain iska kisi ko koi idea hai?
Ab to itne ads hain, 3% to 5% profit rates hain.
Kia yeh sub sahi hain ya fruad ka chances ziada hain?
Meiny Toyota gli 2010 model on installment lena hai. Mujhy yeh calculation sheet de gai hai. Ap sub apna experience ya reveiw dein. Thanks

Assalamo Alikum,
Toyota Corolla Xli 2010,
Total Price= 11Lacs.
Downpayment= 50% (550,000/-)
5 Years per leni hai.
Ap bata dein ky kiya Installment banegi?
5 saalo mein oper kitne paise dene hongay?

Ziada tar logo ka yehi jawab aya ky apko 5 years mein total 90,000 oper dena hongay or installment 9965 hogi.

[KamranAslam]

It's a complete unsecure promise, means if the owner or partners die/dissolve your investment is in drain, where as if you finance from a bank it comes with a security of state. PakWheels or any of the member here will not advise you for such purchase.

[aoun556]

Its probably a fraud..nobody can lease you below KIBOR..which is currently 7 percent.. they will collect downpayment n you will never see them again...mostly banks do not lease car below 07 years old..thats y people get in their trap.Stay away from this.