Lucky Motor Corporation Limited (KIA) has unveiled an appealing installment plan for their cars, offering customers a convenient and interest-free payment option, as per the company’s latest announcement.
To avail this opportunity, customers are required to submit 18 post-dated cheques for the outstanding amount after making a 30% initial down payment. The company highlights the simplicity of the process and the transparent payment structure associated with this installment plan.
The breakdown includes the ex-factory price, a 30% down payment, and estimated costs for WHT filer, registration, insurance, and tracker:
| 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 |
It’s important to note that customers must pay all taxes upfront, and additional expenses for insurance, tracker, registration, and freight are also to be settled in advance, following the company’s policy. Individuals or companies choosing this installment plan will formalize the arrangement through an official contract.
