Customers of Honda City (1.5L Variants, including Aspire) and Honda BR-V can take advantage of an easy instalment plan from Honda Atlas thanks to a partnership with Bank Alfalah. Details indicate that you can get a Honda City (or any 1.5L variation) or Honda BR-V on convenient instalments over two or three years with a special discount through KIBOR.
Due to the current economic climate, exorbitant car prices, and the nation’s escalating inflation, it is getting more and more difficult for the typical citizen to go out and purchase a new car with a down payment.
Customers have the opportunity to purchase their selected vehicle with an instalment plan for the Honda City (1.5L or Aspire) or BR-V without having to pay the complete price up front.
Before we get into the specifics of their payment schedules, let’s take a quick look at the costs of the two automobiles. It should be emphasised that we will only examine Honda City 1.5L variant costs because Bank Alfalah only offers instalment for 1.5L models, including Aspire.
Honda City Price in Pakistan
Variant | Price (PKR) |
---|---|
1.5L City CVT | 4,139,000 |
1.5L City Aspire MT | 4,299,000 |
1.5L City Aspire CVT | 4,479,000 |
Honda BR-V Price in Pakistan
The Honda BR-price V’s in Pakistan is now Rs. 4,939,000 (as of August 2022), but it may change at any time due to the country’s present economic situation and restrictions on the import of Completely Knocked Down (CKD) kits for automakers.
Alfalah Auto Loan
You can buy the Honda City (1.5L or Aspire) and the Honda BR-V through an easy installment plan using Bank Alfalah’s Auto Loan. According to the details, Bank Alfalah provides the following features while buying a car using its Auto Loan:
- You can choose a locally assembled/manufactured new or used car
- Affordable markup rates to choose from
- Residual value option to lower your instalment
- Partial Payment Option Available
- Option to Defer Insurance & Registration charges
- Zero charges on Car replacement option
- Flexible financing tenure
- Minimum 2 years & Maximum 5 Years (Vehicles up to 1000 CC)
- Minimum 2 years & Maximum 3 Years (Vehicles above 1000 CC)
Honda City (1.5L or Aspire) and Honda BR-V Installment Plan
- Now, Bank Alfalah is providing the installment plan for Honda City (1.5L or Aspire) together with Honda BR-V at special promo pricing, which is mentioned below.
Promo Pricing
Exclusive Variable Rates | 2 Years | 3 Years |
---|---|---|
Standard Pricing | *KIBOR + 3.50% | KIBOR + 4.00% |
Promo Exclusive Pricing | KIBOR + 3.00% | KIBOR + 3.50% |
*1-year KIBOR rate on the first of the month will be used to determine the rate for the entire month.
KIBOR for the month of November -2022 is 16.13%.
Installment Plan Features
The bank is offering the following features with the installment plan for both cars:
Financing Tenure
- 2-3 Years
Priority Delivery
The bank is ensuring priority delivery for Honda BR-V and Honda City (1.5L variants) subject to availability of stock with the manufacturer.
Promo Tenure
November 17, 2022 – January 31, 2023
Insurance
Exclusive Insurance Rate at 1.99% without tracker (Panel Insurance Companies)
This is a copy of the official bank document explaining the installment plan: