It has been a long time coming. As you are aware, we have been hoping for the Swift to be brought to Pakistan for some time now. Suzuki did what any sensible company should have done and brought a jawdropper to the market. Yes, it is three years late, but aren’t we all? :/
Anyways, the car [...]
Insurance is the only method with which one can ‘reclaim’ some of the expenses incurred in obtaining & using a car. It is adviseable to have complete car insurance even when the car is not leased but in case of leased car the owner of the asset (bank) makes it mandatory for its customers to [...]
While approaching the bank every potential customer has atleast some idea of ‘how long’ his relationship with the bank will be for this particular transaction or in laymen’s terms what will be the duration of this loan? This duration for which the customer will ay installment-based repayments to the bank is also known as the [...]
Those of us who have off-late ‘attempted’ borrowing from a bank in the recent past have all heard of the mysterious KIBOR. All banks nowadays peg their lending to the KIBOR & then add their spread to give their customers a flexible rate. Since KIBOR has off-late been rising steeply (atleast during the calendar year [...]
Car leasing today seems to have become a hard science with all the islamic/unislamic/fixed-rate/KIBOR-linked rate/flexible-tenure/flexible-downpayment/insurance options ‘mumbo-jumbo’ and what not but infact it is as much an art as painting or photography. Before I confuse you further with my ‘Science of Art’ lecture here is me breaking my “banker’s code” to let you in on [...]
Pak Suzuki has come out with this very ’sensible’ offer.
Now you can buy a Suzuki Certified USED car from Pak Suzuki Motors Co Ltd.
The car that you end up buying from them comes with a ONE YEAR WARRANTY and is evaluated on 130 check points (I wonder what those check points are!!?). For more details check out [...]
The major differences between Car Ijarah & Car Leasing are as follows:
Rights & liabilities of Owner v/s User
An Islamic Ijarah is an asset-based contract, i.e. the Lessor should have ownership of the asset during the period of the contract. Under Islamic Shariah, all ownership related rights and liabilities should lie with the owner while all usage-related rights [...]
Just got some updates from the bank that I lease my car from i.e. Faysal Bank.
The current rate for leasing cars is a whopping TWENTY SEVEN percent. Yes, 27%! I personally find it unbelievable and when I showed my surprise, the gentleman from Faysal Bank assured me that this is very competitive and this rate includes [...]
We had it coming, didn’t we?
Didn’t we all complain that there are too many cars on the road? Didn’t some of us actually said that wait till people start defaulting? But no one could have expected the inflation to hit those debtors and give us some ridiculous statistics to look at. For example: Two years ago, [...]
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