ISLAMABAD: Pakistani citizens looking to purchase a new car can now arrange Islamic Ijarah financing for the Suzuki Alto VXR 2026 (660cc) with a five-year financing arrangement.
Based on the installment plan, the Suzuki Alto VXR 2026 carries an Ijarah amount of Rs. 2,994,861 with a 30% security deposit. This finance is available for ready-delivery cars using a variable pricing model.
The customer has to make an advance payment of Rs. 914,118 consisting of the security deposit and other processing fees. Following this, the estimated monthly rent becomes Rs. 56,155 over the next five years.
However, it must be mentioned here that the monthly installment is approximate as this installment arrangement has been prepared with respect to a variable pricing model. Any changes in the benchmark rate or financing policy of the bank might affect the monthly installment throughout the financing period.
Moreover, it should be kept in mind by the buyers that the final approval, insurance, and registration charges will vary according to the financing bank and the buyer’s eligibility.
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