Hey i have financed through HBL. I will recommend u do following
- Decide how much down payment you want to make
- Get the installment plan from different bank (HBL, Meezan, Bank Islami etc)
- Ask for the Insurance rate form the same bank
- Specifically ask if Tracker is included or they would charge separately ? (Bank Islami charge 1500/- per month separately for Tracker)
- Compare each bank plan based on the monthly installments and other services
- Go for that bank which is cheaper for you
Note.:- few things i know about Meezan Bank
- Meezan Bank doesn''t charge W.H.T to from customer, rather pay from there own pocket
- They also get the car registered by themselves and divide this cost in monthly installments
- Processing is a bit slow and they do lots of inquiry and paperwork.
Few things about HBL I know from my experience
1. HBL process your approval case fast. if you are HBL customer already (approx 1 week for approval)
2. they charge W.H.T from customer and you will be refunded at the end of the tenure. so amount is stuck
3. once you pay down payment, HBL go into Hibernation and you will have to followup a lot to get the booking done
4. you need to get the car registered through showroom and pay your self again
5. once the Car arrived, again bank goes into hibernation and they will take approx 1 week just to give you delivery authority. till then you can see the your car in showroom. ( if you get to know your car is arrived, you can get the car delivery in 2 days if you go to the head office and shout)
your can message me anytime, i can help u further based on my past experiences