Pak Suzuki Motor Company (PSMC) and Bank Alfalah are providing Suzuki Swift GL CVT 2023 on an easy installment plan in Pakistan, which makes one of the most popular 1.2L hatchback easily accessible to many people.
As vehicles are getting more expensive with rising inflation and constant depreciation of Pakistani Rupee against US Dollar (USD to PKR), many people are opting for car financing or installments through banks to get their desired vehicles.
In this article, we are going to discuss the installment plan for Suzuki Swift GL CVT 2023 in Pakistan, which can be availed through Bank Alfalah’s Auto Loan. However, let us discuss some of the main specifications of the car specifications of the car before diving into details of the installment plan.
Specifications
The Suzuki Swift GL CVT 2023 is powered by a 1.2L (1197cc) K-Series DOHC engine, which is capable of producing 81 horsepower (hp) and 113 Newton-meters (Nm) of Torque, while mated with a Constant Variable Transmission (CVT) system.
Features
The vehicle is also equipped with Halogen Headlamps, DRLs, High Mount Stop Lamp, LED Rear Lamp, Electric Adjustable Side Mirrors, Tilt Steering Wheel, a 9-inch Infotainment System, Rear Defogger, 4 Speakers, and a Push Start Button.
Furthermore, the car comes with an additional driving mode (Sports) and an automatic air-conditioner, which is missing from the base variant (Swift GL). In terms of safety, the Suzuki Swift GL CVT comes with Anti-Lock Braking System (ABS), Immobilizer, Security Alarm, and a Hill Hold Control (HHC) function.
Suzuki Swift GL CVT 2023 Price in Pakistan
The price of the Suzuki Swift GL CVT 2023 in Pakistan is Rs. 3,420,000 (Ex-Factory Karachi), which has increased a lot during the last few months of the country’s struggling economy and depreciation of local currency against the US Dollar (USD to PKR).
It bears mentioning that price of the Suzuki Swift GL CVT may change at any moment due to the current economic conditions and please make sure about the vehicle’s delivery date from the dealership and bank since restrictions on import of CKD kits has severely impacted the automotive sector’s ability to make timely deliveries of vehicles.
Bank Alfalah Auto Loan
Suzuki Wagon R VXL is available on easy installment plan through Bank Alfalah Auto Loan, which provides the following features to customers:
- 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 Swift GL CVT 2023 Installment Plan
According to the Pak Suzuki Motor Company (PSMC) website, the Suzuki Swift GL CVT 2023 can be availed on an easy 3-year installment plan through Bank Alfalah’s Auto Loan by making a down payment of Rs. 1,026,000 (30%) with a monthly installment of Rs. 90,662. However, the customer may need to pay some extra charges in the form of processing fee (Rs. 8,700), first year’s insurance (Rs. 64,100) and vehicle registration.
Installment Plan Break Down
| Price | PKR 3,420,000 |
| Down Payment (30%) | PKR 1,026,000 |
| Processing Fees | PKR 8,700 |
| 1st Year Insurance Amount | PKR 85,500 |
| Monthly Payment (5 years) | PKR 90,662 |
| Total Down Payment | PKR 1,196,200 |
Meanwhile, Bank Alfalah provides the following figures while calculating the installment from their website:
| Car Price | Rs. 3,420,000 |
| Down Payment | Rs. 1,026,000 |
| Alfalah Bank Participation | Rs. 2,394,000 |
| Monthly Installment | Rs. 89,214 |
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 Swift GL CVT 2023 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 vehicles, including the Suzuki Alto AGS, make sure to visit our automotive section.
You should also check out details of the installment plan for Suzuki Cultus VXL and AGS in Pakistan.
Read more: Suzuki Cultus VXL and AGS 2023 Installment Plan in Pakistan.
