Which Bank has the Lowest Finance Rate for Honda City

[faiz.aslam.121]

please find that breakdown paper. From the figures you gave, i calculated

Your down payment is 30% while mine was 64%. The question is, what if my down payment is higher, will it decrease the profit?

I think you will pay less in the long run since it is calculated(interest)on the amount they are financing!
I'll go to Orix tomorrow and get them to print a new one:)

[Engineer1]

I think you will pay less in the long run since it is calculated(interest)on the amount they are financing!
I'll go to Orix tomorrow and get them to print a new one:)

Yes plz. I m also interested in same plan. 50% downpayment for Honda City..

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[jklodhi]

try UBL as i had good experience with them. at the end , you will have to select the option which have no penalty exit clause as this would give you flexibility to repay load at any time.

[faiz.aslam.121]

Here it is- ORIX quotation.
I asked about City 1.3 manual and aspire 1.5 manual. You can get a rough idea. All honda car prices are here too.

NOTE: maximum down payment is 49% confirmed. Minimum is 20%. If your papers aren't strong enough, just pay 30%. They don't increase their monthly installment, some banks do revise every 3/6/12 months.
Their interest rate is 18%.

[Adeelnm]

Here it is- ORIX quotation.
I asked about City 1.3 manual and aspire 1.5 manual. You can get a rough idea. All honda car prices are here too.

NOTE: maximum down payment is 49% confirmed. Minimum is 20%. If your papers aren't strong enough, just pay 30%. They don't increase their monthly installment, some banks do revise every 3/6/12 months.
Their interest rate is 18%.

that is just GREAT :S

[Engineer1]

Here it is- ORIX quotation.
I asked about City 1.3 manual and aspire 1.5 manual. You can get a rough idea. All honda car prices are here too.

NOTE: maximum down payment is 49% confirmed. Minimum is 20%. If your papers aren't strong enough, just pay 30%. They don't increase their monthly installment, some banks do revise every 3/6/12 months.
Their interest rate is 18%.

Very very informative and prompt feedback from you. Thumbs up. Here I have a few questions,

1. What could be the possible instalment plan for 18 to 24 months?
2. Is insurance included in this plan?
3. If someone lease the car for 24 or 36 months but he want to clear the car within after 12 months, then how to pay off and how it could reduce the markup (extra amount)?

[scorpio2]

BANK ISLAMI offer u fastst car ijarah facility for
new /used and imported cars on attractive rates
and also deals with corporate for more detail
contact:
0312-2600924

[faiz.aslam.121]

Very very informative and prompt feedback from you. Thumbs up. Here I have a few questions,

1. What could be the possible instalment plan for 18 to 24 months?
2. Is insurance included in this plan?
3. If someone lease the car for 24 or 36 months but he want to clear the car within after 12 months, then how to pay off and how it could reduce the markup (extra amount)?

Salam sorry for the late reply:)

1. What could be the possible instalment plan for 18 to 24 months?
   if for the honda above, i think you should calculate it. I got E in maths

2. Is insurance included in this plan?
   Yes. Some banks require the premium in advance as Meezan bank. With Orix you pay montly as shown above 3rd row from the bottom.

3. If someone lease the car for 24 or 36 months but he want to clear the car within after 12 months, then how to pay off and how it could reduce the markup (extra amount)?

If you want to clear the car, you can do that without paying any % fine or extra fees. I am clearing our Swift this summer inshAllah:) If you want to clear the car quickly my tip is to pay the minimum downpayment e.g 20%. You won't lose that much of money when you clear the car. Good luck!

[centos]

Orix's rate is only 10% per year, this is very good. What is the catch. Is it fixed or does it fluctuates ?

[faiz.aslam.121]

Orix's rate is only 10% per year, this is very good. What is the catch. Is it fixed or does it fluctuates ?

what kind of rate is that? Btw the consultant told me something... urrmm..
" orix is better than banks because they have a fixed rate unlike banks which revise them every year and you will have to pay the increased price" could it be that?

[centos]

For Manual city, using the figures of the document attached
loan amount = 793050
36 payments = 1030320

1030320/793050 = 1.2991
1.2991-1 = 0.2991

thats 29.91 % for 3 years
and almost 10% per year

This calculation does not include the insurance.

[faiz.aslam.121]

For Manual city, using the figures of the document attached
loan amount = 793050
36 payments = 1030320

1030320/793050 = 1.2991
1.2991-1 = 0.2991

thats 29.91 % for 3 years
and almost 10% per year

This calculation does not include the insurance.

so is that the interest rate? i got a headache now trying to figure out what you did lol.

[centos]

yes the interest is 10% per year

[faiz.aslam.121]

Thank you;) is that lower than banks?

[centos]

seems like it

[awan_rulez]

I called Bank Al habib, they need me to have an account for 6 months to even consider me for the loan. This is crazy! Rate is 14.5%

Pls pm me your number, condition of 6 months relationship is not for everyone. U may contact on 0333-4825672.

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[Adeelnm]

I have bought CIVIC VTI Manual 2006 Model
Check the pics here https://www.pakwheels.com/forums/car-entertainment-electronics-gps-navigation/226081-suggestion-audio-system-eagle-eye-civic

[Getafix]

Guys does anyone know if Orix lease used cars?

[faiz.aslam.121]

Guys does anyone know if Orix lease used cars?

yes. Used meaning 2nd hand and JDM.

[Getafix]

Thanks, that's good. I was thinking of leasing a Prius. Will give them a visit to see what they offer.