Lucky Motor Corporation Limited (KIA) has introduced an attractive installment plan for its cars, providing customers with an easy and interest-free payment option, as outlined in the company’s recent announcement.
To avail of this offer, customers need to submit 18 post-dated cheques for the remaining amount after making a 30% advance down payment. The company emphasizes the seamless process and straightforward payment structure associated with this installment plan.
The following details the ex-factory price, down payment (30% of ex-factory), and approximate costs for WHT filer, registration, insurance, and tracker:
| Vehicle Model | Ex-Factory Price (PKR) | Down Payment (PKR) | Registration (Approx PKR) | Insurance + Tracker (Approx PKR) | Total Out-of-Pocket Upfront (Approx PKR) | Per Month Installment on 18 EMI (PKR) |
|---|---|---|---|---|---|---|
| SORENTO 2.4L FWD | 9,199,000 | 2,759,000 | 552,660 | 250,000 | 3,829,123 | 357,739 |
| SORENTO 2.4L AWD | 9,449,000 | 2,834,700 | 567,660 | 270,000 | 3,945,743 | 367,461 |
| SORENTO 3.5L FWD | 9,699,000 | 2,909,700 | 971,100 | 500,000 | 4,660,803 | 377,183 |
However, it’s important to note that customers are required to pay all taxes upfront, and additional costs for insurance, tracker, registration, and freight are also to be settled in advance, following the company’s policy. An official contract will be signed by individuals or companies opting for this installment plan.
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