In response to the recent decline in car prices, many car manufacturers are introducing installment plans to boost sales. Toyota Indus Motor (IMC) is among them, rolling out installment options for popular models such as Fortuner, Corolla, Hilux, and Yaris in partnership with Bank Al Habib.
Here’s what potential buyers can expect from this enticing offer:
- Special Financing: Avail yourself of an exclusive interest rate of 1 Year KIBOR + 2.5%, making purchasing your dream car more affordable.
- Low Insurance Rates: Enjoy the benefit of a low insurance rate of just 1.9%, ensuring peace of mind while driving.
- Toyota Protection Plan: Safeguard your investment with Toyota’s reliable protection plan.
- Extended Warranty: Receive a complimentary 4th-year extended warranty, prolonging the lifespan of your vehicle.
- Priority Delivery: Get priority delivery to hit the road in your new Toyota without any delay.
This offer is exclusively available for TPP customers of Corolla on select variants, subject to stock availability.
Earlier, several car manufacturers, including Peugeot Pakistan, Pakistan Suzuki, Changan Pakistan, and JW Forland, substantially reduced their car prices. This price drop reflects the impact of high car prices on customer purchasing power and sales volume.
Furthermore, the avoidance of a new GST slab has contributed to the recent sudden price reduction. Previously ranging between Rs. 4.83 million and Rs. 6.28 million, car prices now hover between Rs. 4.69 million and Rs. 4.77 million after the revision, highlighting a significant decrease. This notable price drop is largely attributed to the 25% GST on cars.
