The year 2022 has proved to be unfavorable for automobile companies as well as customers. The companies had increased prices many times. Due to this, cars have gone out of the reach of the common man. Let’s take the example of the Suzuki Alto VX. Its price at the start of 2022 was around Rs.1,274,000. Now, it is priced at nearly Rs.1,700,000 (+33%). Due to this, many people are looking for Suzuki Alto on Installment from bank.
The good news is that the company has listed Suzuki Alto installment plans on their website under different modes of financing. We are here with the conventional and Islamic financing installment plans for all variants of Alto. These plans are being offered by Bank Alfalah (as mentioned on Pak Suzuki’s Website).
We have taken Suzuki Alto 660cc installment plans with a 30% down payment and a period of 5 years. The markup rates are fixed (not variable). So, let’s check out how you can get Alto on monthly installments.
Suzuki Alto Installment Plan (Islamic Financing)
If you want a Suzuki Alto on installments but are reluctant to get it due to religious reasons, you can get it under Islamic financing (Car Ijarah). Let’s see them here.
Suzuki Alto VX Monthly Installments
Here is the installment plan for Alto VX.
- Monthly Installment (Payment): Rs.33,249
- Installments Duration: 5 Years
- Down Payment (30%): Rs.518,400
Suzuki Alto VXR Monthly Installments
Here is the installment plan for Alto VXR.
- Monthly Installment (Payment): Rs.38,549
- Installments Duration: 5 Years
- Down Payment (30%): Rs.601,500
Suzuki Alto VXR AGS Monthly Installments
Here is the installment plan for Alto VXR AGS.
- Monthly Installment (Payment): Rs.41,305
- Installments Duration: 5 Years
- Down Payment (30%): Rs.644,700
Suzuki Alto VXL AGS Monthly Installments
Here is the installment plan for Alto VXL AGS.
- Monthly Installment (Payment): Rs.43,521
- Installments Duration: 5 Years
- Down Payment (30%): 675,600
Disclaimer: “Above calculations are tentative and subject to change. Monthly rental is inclusive of takaful amount, registration fees and withholding tax.”
Suzuki Alto Installment Plan (Conventional Financing)
In case you are okay with the conventional financing mode, check out the conventional installment plans for all Alto variants.
Get Suzuki Alto VX on Installments
Here are the conventional financing installment plans (filer & non-filer) for Suzuki Alto VX.
- Monthly Installment (Payment): Rs.35,197
- Installments Duration: 5 Years
- Down Payment 30% (Filer): Rs.571,875
- Down Payment 30% (Non-Filer): Rs.591,875
Get Suzuki Alto VXR on Installments
Here are the conventional financing installment plans (filer & non-filer) for Suzuki Alto VXR.
- Monthly Installment (Payment): Rs.40,921
- Installments Duration: 5 Years
- Down Payment 30% (Filer): Rs.661,900
- Down Payment 30% (Non-Filer): Rs.681,900
Get Suzuki Alto VXR AGS on Installments
Here are the conventional financing installment plans (filer & non-filer) for Suzuki Alto VXR AGS.
- Monthly Installment (Payment): Rs.43,897
- Installments Duration: 5 Years
- Down Payment 30% (Filer): Rs.708,700
- Down Payment 30% (Non-Filer): Rs.728,700
Get Suzuki Alto VXL AGS on Installments
Here are the conventional financing installment plans (filer & non-filer) for Suzuki Alto VXL AGS.
- Monthly Installment (Payment): Rs.42,507
- Installments Duration: 5 Years
- Down Payment 30% (Filer): Rs.742,175
- Down Payment 30% (Non-Filer): Rs.762,175
Disclaimer: “Above calculations are tentative and the down payment includes first year advance insurance. Monthly installment is inclusive of insurance amount and subject to change. Registration fees and withholding tax will be paid by the customer with down payment.”
You can see the Suzuki Finance Arrangement Program to get more details about car financing.
Conclusion
Car prices have gone to an all-time high just like the prices of most of the other items in Pakistan. Due to this, many are searching for cars on installment in Pakistan. We have shown the official Suzuki Alto installment plan. Stay tuned for more informational blogs like this one.
Would you buy a Suzuki Alto on installment from the bank or get it at full price? Tell us in the comment section below.
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