In order to introduce an installment plan, Meezan Bank Limited (MBL) and Toyota Indus Motor Company (IMC) have joined hands.
The plan, which guarantees car delivery in 10 working days, is only available for Toyota Corolla and Yaris models.
All authorised Toyota dealerships offer the installment plan, but only Meezan Bank cardholders are eligible to use it.
The Following Advantages Of The Installment Plan:
– Special monthly rental discounts.
– 1.4% exclusive takaful rate.
– Toyota’s insurance policy.
– Free basic four-year extended warranty.
– Priority shipping (10 working days or less).
– 50% off the processing charge.
Customers who want to cancel their current Car Ijarah contracts in order to choose their vehicle out of the proposed MBL IMC joint campaign will receive a 50% early termination fee waiver.
Sixth production halt in 2023
For the sixth time this year, Toyota Indus Motor Company (IMC) recently had to halt production because of a scarcity of parts and stock brought on by import restrictions.
The notification states that the assembly factory would be shut down from July 21 to August 3. Last Monday, the firm gave the Pakistan Stock Exchange (PSX) notice of the development.
From June 26 to June 27, from June 3 to June 8, from May 2 to May 3, from February 1 to February 14, and once more from March 24 to March 27, the business previously announced a complete manufacturing closure.
Other automakers in Pakistan are also experiencing a similar problem, and many are reportedly on the edge of bankruptcy.