own money – CarSpiritPK https://carspiritpk.com Pakistan's Trusted Automobile Blog Fri, 15 Nov 2024 04:45:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://carspiritpk.com/wp-content/uploads/cropped-cspk-fb-32x32.jpg own money – CarSpiritPK https://carspiritpk.com 32 32 Policymakers’ Love With the On-Money Devil https://carspiritpk.com/policymakers-love-with-the-on-money-devil/?utm_source=rss&utm_medium=rss&utm_campaign=policymakers-love-with-the-on-money-devil https://carspiritpk.com/policymakers-love-with-the-on-money-devil/#comments Wed, 05 Oct 2022 04:12:27 +0000 https://carspiritpk.com/?p=59002

Time and time journalists & researchers have pointed out the malpractices in the auto sector, especially regarding the on-money (own/ premium). During all these years, policymakers made some cosmetic measures to show they are serious to curb this menace, but no concrete measure has ever been taken to tackle the devil.

The post Policymakers’ Love With the On-Money Devil first appeared on CarSpiritPK and is written by UsmanAnsari.

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Toyota Australia Trying to Stop “Scalpers” from Pushing Up Prices https://carspiritpk.com/toyota-australia-trying-to-stop-scalpers-from-pushing-up-prices/?utm_source=rss&utm_medium=rss&utm_campaign=toyota-australia-trying-to-stop-scalpers-from-pushing-up-prices https://carspiritpk.com/toyota-australia-trying-to-stop-scalpers-from-pushing-up-prices/#comments Fri, 02 Sep 2022 10:06:04 +0000 https://carspiritpk.com/?p=57473

Toyota Australia is calling on consumer authorities to introduce regulations that would discourage buyers of near-new cars from selling their vehicles to make quick money and slam the brakes on “scalpers” as thousands of customers remain stuck in the queue.

The post Toyota Australia Trying to Stop “Scalpers” from Pushing Up Prices first appeared on CarSpiritPK and is written by UsmanAnsari.

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Delivery Delays are Nothing Less Than a Blessing for Assemblers https://carspiritpk.com/delivery-delays-are-nothing-less-than-a-blessing-for-assemblers/?utm_source=rss&utm_medium=rss&utm_campaign=delivery-delays-are-nothing-less-than-a-blessing-for-assemblers https://carspiritpk.com/delivery-delays-are-nothing-less-than-a-blessing-for-assemblers/#comments Tue, 02 Aug 2022 04:33:59 +0000 https://carspiritpk.com/?p=56250

Delays in deliveries are a bad thing, both for customers as well as the assemblers. But who cares for reputation in an uncontrolled & disregarded market like ours where government and authorities nowhere seem to exist and customers are at the mercy of assemblers to be fleeced in whatever way possible.

The post Delivery Delays are Nothing Less Than a Blessing for Assemblers first appeared on CarSpiritPK and is written by UsmanAnsari.

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Woeful Delivery Periods of Local Assembled Cars in 2022 https://carspiritpk.com/woeful-delivery-periods-of-local-assembled-cars/?utm_source=rss&utm_medium=rss&utm_campaign=woeful-delivery-periods-of-local-assembled-cars https://carspiritpk.com/woeful-delivery-periods-of-local-assembled-cars/#comments Wed, 22 Jun 2022 15:57:42 +0000 https://carspiritpk.com/?p=54362

Woefully prolonged delivery periods is nothing new for the auto consumers of Pakistan. It has been like this ever since the local assembling of automobiles started in the country and is the root cause behind the existence of on-money/ premium culture in the market.

The post Woeful Delivery Periods of Local Assembled Cars in 2022 first appeared on CarSpiritPK and is written by UsmanAnsari.

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100% Booking Amount will End On-Money Culture- Says IMC Chief https://carspiritpk.com/booking-against-100-amount-end-on-money/?utm_source=rss&utm_medium=rss&utm_campaign=booking-against-100-amount-end-on-money https://carspiritpk.com/booking-against-100-amount-end-on-money/#comments Fri, 10 Jun 2022 04:06:39 +0000 https://carspiritpk.com/?p=54233

According to the CEO of Indus Motor Company (IMC) Ali Asghar Jamali, if car companies are allowed to charge full payment at the time of booking it would make the industry unattractive for investors.

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Waiting Period of Locally Assembled Vehicles Reaches Up To 9 Months https://carspiritpk.com/waiting-period-of-locally-assembled-vehicles-now-up-to-9-months/?utm_source=rss&utm_medium=rss&utm_campaign=waiting-period-of-locally-assembled-vehicles-now-up-to-9-months https://carspiritpk.com/waiting-period-of-locally-assembled-vehicles-now-up-to-9-months/#comments Mon, 14 Feb 2022 03:58:30 +0000 https://carspiritpk.com/?p=49396

Due to restrictions on auto financing, high registration charges and soaring prices, the car delivery waiting period of various locally assembled vehicles has touched up to 9 months, according to a report published in Dawn.

The post Waiting Period of Locally Assembled Vehicles Reaches Up To 9 Months first appeared on CarSpiritPK and is written by UsmanAnsari.

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Senate Committee Unhappy with High Car Prices, Prolonged Deliveries & On-Money https://carspiritpk.com/senate-committee-unhappy-with-high-car-prices-on-money/?utm_source=rss&utm_medium=rss&utm_campaign=senate-committee-unhappy-with-high-car-prices-on-money https://carspiritpk.com/senate-committee-unhappy-with-high-car-prices-on-money/#comments Wed, 01 Dec 2021 17:15:31 +0000 https://carspiritpk.com/?p=46514

The Senate Standing Committee on Industries and Production was unhappy about rising car prices and prolong delivery period that led to heavy premiums being charged by dealers on locally assembled vehicles.

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PM Aide Decries Premium on New Car Sales https://carspiritpk.com/pm-aide-decries-premium-on-new-car-sales/?utm_source=rss&utm_medium=rss&utm_campaign=pm-aide-decries-premium-on-new-car-sales https://carspiritpk.com/pm-aide-decries-premium-on-new-car-sales/#comments Thu, 25 Nov 2021 09:33:34 +0000 https://carspiritpk.com/?p=46339

The government has expressed concerns over the collection of premium (own/ on money) by auto industry players on the immediate delivery of new cars to customers.

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90% of Cars in Pakistan are Sold at Premium/ Own/ On Money- Research https://carspiritpk.com/90-of-cars-in-pakistan-are-sold-at-premium-own-on-money/?utm_source=rss&utm_medium=rss&utm_campaign=90-of-cars-in-pakistan-are-sold-at-premium-own-on-money https://carspiritpk.com/90-of-cars-in-pakistan-are-sold-at-premium-own-on-money/#comments Sun, 07 Nov 2021 02:36:06 +0000 https://carspiritpk.com/?p=44463

According to a recent research by Pakistan Institute of Development Economics (PIDE), it has been revealed that the automobile sector of Pakistan has made undocumented transactions worth Rs 150 billion to Rs 170 billion during last 5 years under the head of additional charges, also known as own/ premium, paid to the car dealers to get an immediate delivery. As per this research, around 80 to 90% of passenger vehicles in Pakistan are sold against premium/ on money.

The post 90% of Cars in Pakistan are Sold at Premium/ Own/ On Money- Research first appeared on CarSpiritPK and is written by UsmanAnsari.

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Government to Penalize Automakers for Delayed Deliveries https://carspiritpk.com/government-to-penalize-automakers-for-delayed-deliveries/?utm_source=rss&utm_medium=rss&utm_campaign=government-to-penalize-automakers-for-delayed-deliveries https://carspiritpk.com/government-to-penalize-automakers-for-delayed-deliveries/#comments Wed, 02 Jun 2021 05:21:20 +0000 https://carspiritpk.com/?p=40208

Government has decided to impose penalties on car companies who fail to deliver their automobiles within 60 days after taking …

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