Comments on: Are Cars in Pakistan an Investment?

By: Lawyer

Lawyer — Wed, 25 May 2022 23:12:46 +0000

In reply to Khurram.

You are.sadly misinformed, lawyers (generally) don’t earn one crore per month, your statement really hurt my feelings honestly lol..

By: Kashif

Kashif — Tue, 19 Apr 2022 19:54:39 +0000

In reply to Khurram.

read this if you have time, im waiting for your reply

https://www.dawn.com/news/1668657

By: TruongNguyen

TruongNguyen — Tue, 19 Apr 2022 13:45:06 +0000

In reply to Mehdy Hassan. The way he's talking, it's like the entirety of Pakistan is full of millionaires and anyone who cannot afford Suzuki Alto VX is an uncouth buffoon who doesn't deserve one and should be happy with carrying his entire family on his CD70.

By: Mehdy Hassan

Mehdy Hassan — Tue, 19 Apr 2022 10:55:44 +0000

In reply to TruongNguyen.

true, some 10-15 years ago middle class man could buy Mehran for just 300,000 rupees, but how will Khurram realize all this?

By: Mehdy Hassan

Mehdy Hassan — Tue, 19 Apr 2022 10:54:20 +0000

In reply to Nisar.

Changan prices are increased from today

By: TruongNguyen

TruongNguyen — Tue, 19 Apr 2022 10:35:57 +0000

In reply to Khurram. A few years ago, millions of people ranging with salaries from 100,000 to 200,000 a month could easily consider getting themselves a new assembled or used JDM import vehicle, either in installments or by full payment. Now that number is almost zero. The way you're talking about it, I don't think you realize the problem. The fact that only people with around 2.5m to 1crore salaries can only afford to buy a "local" vehicle IS the problem, Khurram.

By: Waqar

Waqar — Tue, 19 Apr 2022 03:33:47 +0000

In reply to Khurram.

so u mean vehicle depreciation is just a fairy tale?

By: Khurram

Khurram — Tue, 19 Apr 2022 02:52:48 +0000

I do not agree that genuine car buyers are going out of equation, while it is true that the number from upper low-income group with earnings of about PKR 150,000 to 200,000 a month might have reduced than five years ago. However, cautious and logical people with buying power resting between 250,000 to even 2,500,000 a month are buying new cars. That is just a salaried class type people, whereas there are so many small business owners, professionals (lawyers, doctors, accountants) whose income Alhamdulillah goes beyond 1 crore a month. They are buying new cars; there literally are thousands of many newly registered shiny new Revos, Fortuners, Corollas, and even Civics running around in posh areas. As for own money, well, own is like a service and no one but customer can kill it because it is simple rule of supply based on demand, as long as demand for it remains, well it cannot go out of the equation. Therefore, it is customers’ fault that they cannot wait for their turn. My cousin recently booked a Suzuki Swift. Normal delivery for the vehicle is now around four month whereas by paying own one can get it immediately, my cousin refused and has been waiting for two months now the dealer has given a tentative date after Eid. P.S. Even in the U.S. old models of selected, Lincoln (town cars), Lexus (L.S. 400 / 430) and Toyota (80s Hilux, Land Cruisers, Supras, Camrys), vehicles are treated as investments so the phenomenon is not new to the market.

By: Jibran Kakar

Jibran Kakar — Mon, 18 Apr 2022 22:55:24 +0000

yes in our market cars are investment. my uncle bought Fortuner Simga4 in 2018, it was 6.4 mil at that time, after using 4 years & 42 thousand km he sold it in 8.8 million. just imagine

By: Nisar

Nisar — Mon, 18 Apr 2022 22:39:35 +0000

heard Changan has also stopped taking booking and preparing for price increase