I had a chance browsing through multiple banks for Car finance this year, although i ended up buying car in full cash but here are my observations
1. There is no islamic and non islamic lease, leasing is not sood in my and many other people's opinion and its sood in many people's opinion, so do homework and get your opinion and peace of mind. But islamic banks are just looting in name of islamic finance! Its either lease os no lease
2. I found bank al habib to be more economical than DIBP, HBL, Albaraka, Alfalah, bank islami.
3. Chose bank which offers insurance from big well known companies
4. Many banks give quotation without adding trakker price so inquire about it specifically.
5. Be clear about what will happen at end of tenure, i found islamic banks more compicated at end of tenure compared to normal banks. Prefer new car, atleast 50% downpayment, 3 years lease for your maximum benefit in terms of banks profit, if not 3 then 5 years lease, because 4 and 5 years have equal interest rate yet more spread ( but more years mean more insurance years hence more burden, chose wisely)
Cheers
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