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Master Changan Motors, Meezan Bank join hands to revolutionize car financing in Pakistan

MM News Staff by MM News Staff
October 8, 2023
Reading Time: 3 mins read

KARACHI: Master Changan Motors Limited and Meezan Bank are thrilled to announce a game-changing partnership aimed at enhancing the automotive landscape in Pakistan.

Through a recently inked Memorandum of Understanding (MoU), the two industry leaders have joined forces to introduce an exclusive campaign for the Changan Alsvin, where customers can save up to PKR 475,000/- on their purchase of brand new Changan Alsvin.

Recent banking data has highlighted a remarkable surge in used car financing cases across Pakistan. This shift from new car financing to used car financing is predominantly driven by the prevailing economic challenges, which have compelled consumers to compromise on original equipment manufacturer (OEM) warranties.

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Under this groundbreaking collaboration, consumers in search of a used car financing option can now drive home a brand-new, latest-generation Changan Alsvin sedan. The vehicle comes with an impressive 5-year or 150,000 km warranty and is supported by readily available spare parts through our extensive network of 28 dealerships spanning 18 cities across the country.

The Changan and Meezan Bank partnership introduces the most attractive car financing solution available in Pakistan today, featuring the following key highlights:

  1. Free Registration: Meezan Bank customers will be delighted to know that they won’t have to bear the Alsvin registration fee.
  2. Free Takaful: Changan will absorb the first year Takaful premium for Meezan customers, offering them added financial security.
  3. No Withholding Tax: Bid farewell to worries about withholding tax, as Meezan Bank will absorb this amount on your behalf.
  4. Best Rentals in Pakistan: Through this program, Changan Alsvin customers can enjoy the lowest monthly rentals in Pakistan when compared to any other bank, be it conventional or Islamic.
  5. Residual Value Option: To further ease the financial burden, customers have the flexibility to defer up to 30% of the total value as a balloon payment payable at the end of the tenure.
  6. Total Customer Benefit: Over the course of 3 years, Changan Alsvin customers will have the opportunity to save as much as PKR 475,000!

The Changan Alsvin stands out with its best-in-class fuel consumption, making it an economical choice for drivers. With its Euro 5 engine delivering 145Nm of torque and 105 horsepower while still maintaining fuel efficiency, the Alsvin offers both power and savings. Furthermore, the 5-year or 150,000 km warranty provides peace of mind, ensuring long-lasting reliability.

In a time when fuel prices are soaring, and economic uncertainties prevail, the Changan Alsvin Lumiere emerges as a savior for Pakistani consumers. It offers unparalleled savings, modern features, and a dependable driving experience. With this campaign, customers can make the intelligent choice of driving a brand-new Alsvin and avoid the pitfalls associated with buying tarnished used cars or repaired imported vehicles.

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