In a strategic move to redefine the car buying experience, Lucky Motor Corporation Limited, operating under the esteemed KIA brand, has recently introduced an alluring installment program. This groundbreaking initiative not only provides a compelling alternative for potential car buyers but also stands out for its seamless and interest-free payment structure, as unveiled in the latest company announcement.
Simplicity at its Core:
To seize this unprecedented opportunity, interested buyers simply need to make a 30% down payment upfront and submit 18 post-dated cheques for the remaining amount. KIA emphasizes the simplicity of the entire process, coupled with a transparent payment structure that sets a new standard in the automotive industry.
Financial Transparency Unveiled:
Delving into the financial specifics, the installment plan encompasses critical components such as the ex-factory price, down payment (30% of ex-factory), and associated costs for WHT filer, registration, insurance, and tracker. The diverse range of SORENTO models, each available in different variants, provides prospective buyers with a detailed breakdown of these figures, ensuring a comprehensive understanding of the financial commitment.
Financial Breakdown for SORENTO Models:
| 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 |
Upfront Obligations and Formal Agreements:
Customers opting for this installment plan are required to settle all taxes upfront, aligning with the company’s policy. Moreover, ancillary expenses such as insurance, tracker, registration, and freight charges are to be paid in advance. To formalize the agreement, individuals or companies choosing this plan will need to sign an official contract, solidifying the commitment from both parties. This not only streamlines the ownership process but also reinforces KIA’s commitment to transparency and customer convenience.
Conclusion:
In conclusion, KIA’s new installment program not only enhances accessibility to their coveted vehicles but also sets a benchmark for transparency and convenience in the automotive industry. By providing a detailed financial breakdown and a straightforward process, KIA ensures that potential buyers can make informed decisions, ushering in a new era of hassle-free car ownership. As the automotive landscape evolves, KIA stands at the forefront, redefining the path to owning a vehicle.
