Auto Financing Declined for 16th Consecutive Month
Auto loans in Pakistan have consistently declined for the 16th month in a row, with a total of Rs 264 …
Auto Financing Declined for 16th Consecutive Month Read MoreTag: Car financing
How Viable is Car Financing Today?
Car financing in Pakistan has been on a constant decline for 10 months in a row now according to data …
How Viable is Car Financing Today? Read More
Car Financing Declined for 10th Consecutive Month
Car financing continued to decline for the 10th consecutive month, falling by 16% to Rs 308 billion in April 2023 from Rs 368 billion in June 2022.
Car Financing Declined for 10th Consecutive Month Read More Auto Financing Falls for 8th Consecutive Month
Auto financing in Pakistan continued to decline for the 8th consecutive month in February 2023 dipping nearly 9% to Rs 326 billion from Rs 357bn in the same month of the previous year, according to the data released by the State Bank of Pakistan (SBP).
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Car Financing Drops for Fourth Consecutive Month
Car financing continue to show downward trend in Pakistan as it has recorded a decline for the fourth consecutive month in this fiscal year. According to the data released by the State Bank of Pakistan (SBP), auto financing figure in October stood 1.4% lower than its September 2022 level.
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Auto Financing Dropped to Lowest Since January
Due to constantly increasing vehicle prices and high interest rates, auto financing has dropped to the lowest level since January 2022. Compared to July, it again dropped by 2.2% in August.
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Can’t Even Avail Auto Financing, Who’s Buying All These Cars?
Most people can’t even afford to buy new cars even through bank financing. The estimated monthly installments were already mind boggling, however it looks as if even most of the white collar people are finding it hard to avail the financing.
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State Bank Reduces Auto Financing Loan Tenure
State Bank of Pakistan (SBP) has reduced the consumer financing tenure for vehicles as the country battles a bulging import bill.
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Car Financing Costs will Haunt You
The cost of new car financing will haunt you for sure, how many of you can afford?
Car Financing Costs will Haunt You Read More
Car Financing Beginning to Slow Down
After hitting a record high, car financing in Pakistan is beginning to slow down due to rising car prices, contracting purchasing power of consumers and discouraging auto finance policies introduced by the State Bank to mitigate the swelling trade deficit.
Car Financing Beginning to Slow Down Read More