Tokyo - Japan's largest carmaker Toyota Motor Corporation said Tuesday it will recall more than 176 000 passenger cars sold domestically due to defective brake parts and reported 470,000 cars shipped overseas have a similar problem.

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Sales of cars and other vehicles including motorcycles touched 44,747 mark in August registering an increase of 41.60 percent compared to same month last year on the back of rising demand and production.

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The Central Board of Revenue (CBR) last month enhanced the depreciation on used cars up to 50 to 80 percent from 800cc to 1800cc cars under the transfer of residence and gift scheme.

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FINANCING LIST

 
 

CITIBANK

Citibank Pakistan's Milestones of the 90's.The nineties were a decade of domination and leadership for Citibank in the Pakistani marketplace and the trend continues into the new millennium.

New Car Financing:

Upto one year of Free** Financing
With Citibank Car Financing getting a car is hassle free and offer the best value to a person like you.

Salient Features

As low as upto 6.99%* Mark-up.

  • No Documents Required, all you need is your Computerized National Identity Card duly attested by a gazetted officer.
  • Low Down Payment

    *Different factor may apply for different types of customers and documentation requirements for loan application.
    ** Last one year installments waived on 7 year Financing period subject to Citibank terms & conditions.

    15% Down payment for customers who apply on "documents" criteria

    Upto 12 Installments waived

    Citibank Car Financing special offer of upto 12 installments waived.
  • 1 to 7 year financing period

For example,if you want to take a loan of Rs. 300,000 for 5 years Simply multiply the 5-years factor(0.02199) with Rs. 300,000 to get Rs.6,597 as your Equal Monthly Installment (EMI).

For Total Monthly Installments waived multiply the EMI (Rs. 6,597) by number of installments waived (6) that would amount to Rs. 39,588 for 5 years.

  • Installments waiver benefit is for the last applicable installments.
  • Incase of pre-payment of loan, Installment, Waiver benefit does not apply.
  • Different pricing factor may apply for different types of customers and tenors.

Special Insurance Option

Affordable to suit your pocket

No more first year insurance to be paid up front,Citibank Car Financing offers you first year's insurance premium as part of the loan.

Additional Benefits

• 24-hours access to CitiPhone Banking.
• Wide range of dealership network.
• Value added comprehensive insurance at competitive rates.
• Pre-approved* Citibank Credit Card.
• Application Processing Charges: Rs 4,000 (non-refundable) in case application is not approved.

 

 

 
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