Pak Suzuki Motor Company (PSMC) is providing Suzuki Cultus VXL and AGS 2023 models on an easy installment plan in Pakistan through Bank Alfalah as per the automotive company’s website, which is going to allow several people to buy the vehicle without having to pay the full amount upfront.
It is becoming increasingly difficult to purchase a vehicle for average person in the country due to increasing inflation. However, auto loans or auto financing can help individuals get their desired vehicle at easy monthly installments.
Let us discuss a few details about the Suzuki Cultus VXL and AGS 2023 before getting into details about the installment plan, which are mentioned in the post below.
Specifications
The Suzuki Cultus is equipped with EFi 998cc engine that is mated with a 5-speed manual transaction or an Automatic Gear Shift (AGS) that is capable of producing 67 horsepower (hp) and 90 Newton meters (Nm) of torque.
The vehicle actually comes in three different variants, which include the Suzuki Cultus VXR, VXL, and AGS. However, we are only going to focus on the two top-end variants, the VXL and AGS, in this port and discuss their installment plan.
Features
The Suzuki Cultus doesn’t offer much in terms of features and it is equipped with basic commodities like power windows, power windows, power mirrors, an 8-inch infotainment system with Bluetooth, radio, aux and USB input.
In terms of safety features, the Suzuki Cultus VXL and AGS have been equipped with 2 airbags, immobilizer and an Anti-Lock Breaking System (ABS). However, there are no other safety features except seatbelts in the vehicles despite having a price tag of over Rs. 3 million.
Suzuki Cultus VXL and AGS Price in Pakistan
The price of Suzuki Cultus VXL 2023 in Pakistan is Rs. 3,024,000, while the Suzuki Cultus AGS 2023 variant costs Rs. 3,234,000, which brings this vehicle out of the reach of most individuals as it can no longer be considered a vehicle for the middleclass person.
| Variant | Price |
|---|---|
| Cultus VXL | PKR 3,024,000 |
| Cultus AGS | PKR 3,234,000 |
Bank Alfalah Auto Loan
You can buy the Suzuki Cultus VXL and AGS 2023 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)
Suzuki Cultus AGS Installment Plan
As per the Pak Suzuki Motor Company (PSMC) website, you can get the Suzuki Alto AGS 2023 on easy monthly installment plan in Pakistan by depositing a down payment of Rs. 970,200 (30%). However, you may have to pay additional amount in the form of processing fee (Rs. 8,700) and first year insurance amount (Rs. 80,850) with your monthly payment aka installment being Rs. 61,801.
Installment Plan Breakdown
| Price | PKR 3,234,000 |
| Down Payment (30%) | PKR 970,200 |
| Processing Fees | PKR 8,700 |
| 1st Year Insurance Amount | PKR 80,850 |
| Monthly Payment (5 years) | PKR 61,801 |
| Total Down Payment | PKR 1,120,750 |
Suzuki Cultus VXL Installment Plan
Furthermore, the installment plan for Suzuki Cultus VXL can be availed through down payment of Rs. 907,200 (30%), excluding additional costs like processing fee, which is Rs. 8,700 and first year insurance amount of Rs. 75,500 after which your monthly payment aka installment will be Rs. 57,794.
Installment Plan Breakdown
| Price | PKR 3,024,000 |
| Down Payment (30%) | PKR 907,200 |
| Processing Fees | PKR 8,700 |
| 1st Year Insurance Amount | PKR 75,600 |
| Monthly Payment (5 years) | PKR 57,794 |
| Total Down Payment | PKR 1,012,500 |
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 customer with down payment.
For more details regarding the Suzuki Cultus VXL and AGS installment plan, you can visit the official websites of Pak Suzuki Motor Company’s (PSMC) or Bank Alfalah.
To check out installment plans for other vehicle, make sure to visit our automotive section.
You should also check out details of the installment plan for Suzuki Alto VXL AGS.
Read more: Suzuki Alto VXL AGS 2023 Installment Plan in Pakistan.
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