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Toyota Hiace falls under the category of Multi-purpose vehicle (MPV) which is used all around the world for purposes such as taxi, pick-up, van and ambulance. The famous MPV was introduced in 1967 and has been present ever since. Toyota Hiace has five different generation where the current fifth generation was introduced in 2004. Toyota Hiace has been present in the Pakistani market for a very long time, and one cannot deny that it surely is a reliable and durable MPV to travel in.
Although worldwide there is a huge variety of engines available such as 2.0L, 2.7L, 2.5L, 2.2L and 3.0L, etc. However, in Pakistan, the most popular one is the 2.7L 2TR-FE I4 engine. The machine produces a satisfactory amount of power along with good fuel economy. Toyota Hiace is available in Automatic and manual transmissions.
Toyota Hiace 2014 and Toyota Hiace 2015 can be purchased from a range 2.3 million to 3.1 million. However, a good used Toyota Hiace price in Pakistan also falls around 2.0 million. The price of the MPV is pretty much competitive, and the optimal use of it eventually makes the potential customer purchase the vehicle. After doing the cost and benefit analysis, Toyota Hiace is surely an optimal MPV to purchase.
There are three main variants of the MPV available in the Pakistani market;
Toyota Hiace Grand Cabin
Toyota Hiace DX
Toyota Hiace High-roof 3.0
There is no such direct competitor of the vehicle in Pakistan. However, the closest to compete is Suzuki APV. The reason why Toyota Hiace has a win-win situation is that is it majority used as a commercial vehicle moving from one city to another. Purchasing a Toyota Hiace and using it as a commercial vehicle to make some money is a good business here in Pakistan. It is powerful, spacious and also comes with automatic transmission which is an ease for the driver.
It is seen that the resale value of the vehicle is pretty good. There are always buyers ready to purchase the MPV and further use it. The resale value of such vehicle is not only determined by the model, in fact, the mileage of the vehicle matter a lot. A vehicle with big reading on the meter is surely going to be sold at a lower price. There are plenty of Second hands Toyota Hiace vans present in the market to purchase. Used Toyota Hiace van of few years old can be acquired at an affordable price.
The most evergreen model of Toyota Hiace is the fifth generation and third generation; it's seen that fifth generation Hiace are used for long routes such as from Karachi to Lahore however the third generations are usually used on short routes such as Karachi to Thatta. The reason is very clear and obvious that the latest model is newer and can bear continuous more than 10 hours driving. However, the older models are good for 2 hours' drive.