Suzuki Alto Installment Plans Launched
The installment plans offer a range of benefits, including affordable monthly payments and flexible repayment terms, making car ownership more accessible to a wider range of buyers, and with the updated features, the Suzuki Alto is now a more attractive option in the market.
Suzuki has partnered with Bank Alfalah to introduce new installment plans for the Alto, making car ownership more accessible despite recent price increases, with the Alto VX now priced at Rs. 2,331,000 and the Alto VXL-AGS at Rs. 3,045,000.
The installment plans are designed to spread payments over time, with a 5-year plan available for the Alto VXR and Alto VXL AGS variants. For the Alto VXR, the plan includes a down payment of Rs. 850,000, a processing fee of Rs. 15,500, and a monthly installment of Rs. 56,540. The Alto VXL AGS plan requires a down payment of Rs. 942,000, a processing fee of Rs. 15,550, and a monthly installment of Rs. 62,500.
To apply for the installment plan, buyers will need to provide a range of documents, including a CNIC copy, income proof, address proof, bank statement, and passport-size photos. The updated Suzuki Alto features new aesthetic and functional changes, including the addition of ABS and dual airbags to the upper trims. However, the base VX variant still lacks SRS airbags, a feature that is now expected in modern cars.
The company has added features like ISOFIX anchors, pinch protection, and illuminated side mirrors to the VXL AGS variant, making it more competitive in the market. Despite the updates, Suzuki has faced criticism for not prioritizing safety in the base variant, with some speculating that it may be discontinued due to this reason.
The new installment plans are seen as a smart deal for buyers, allowing them to afford a car despite the recent price hike. With the updated features and competitive pricing, Suzuki aims to stay ahead in the growing market competition.