Category Archives: Car Leasing

Suzuki Swift 2010 in Pakistan

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 … Continue reading

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The Art of Leasing a Car – How secured is an insured leased 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 … Continue reading

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The Art of leasing a Car – Flexible Tenures & Downpayment Options explained

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 … Continue reading

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The Art of Leasing a Car – KIBOR & its implications!

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 … Continue reading

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The art of Leasing a Car

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 … Continue reading

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Buying Used Cars

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 … Continue reading

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Car Leasing vs Car Ijarah

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 … Continue reading

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Car Leasing Rates – ouch!

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 … Continue reading

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Banks adopt stringent policy on auto loans

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 … Continue reading

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