As the economic and social situation of Pakistan is improving, many foreign automakers have started to consider the country as an attractive market to invest. Over the last few years, the car imports from Japan have also increased significantly in Pakistan. The massive influx of imported vehicles have filled in various product categories and price points while catering the needs of different segments of buyers.
However, with so many options to choose from people often get confused when making a decision about buying their first car. This article is intended to clear the air and to help people make the right decision. We have listed down few factors, which you must consider before making the decision:
Know Your Budget And Stick To It
The most important factor is to know your budget, which perhaps is a first step for any purchase. The economic condition of Pakistan is improving, which has made the country one of the most favorite destinations for investment. Many foreign automakers including Renault and Nissan are planning to set up their operations in the country. Hence, it is safe to say that like other automobile markets, citizens of Pakistan have a plethora of options that are available for almost every price segment starting from one million rupees to over 10 million rupees. Nevertheless, a big chunk of car buyers in the country opt for cars that are available under PKR 4 million.
Following are some of the most eminent options for both new and used/imported vehicles that you might want to consider depending on your budget.
- Those with around one million rupees have several new car options to choose from including Suzuki Mehran, FAW X-PV, Suzuki Bolan and Suzuki Wagon R. In contrast, if you’re looking for a used/imported car within this budget, then Daihatsu Mira, Daihatsu Move and Nissan Clipper should be considered.
- If you have a budget of around PKR 1.5 million, popular new car options are Suzuki Swift, Suzuki Cultus and FAW V2. On the other hand, if you want to buy a used/imported car within this budget then your options are Suzuki Alto, Honda N One, Toyota Passo, Toyota Vitz and Honda Fit.
- If you’re looking to buy sedans or hybrid vehicles and have a budget of around PKR 2.5 million, then your new car options include Honda City, Suzuki Ciaz, Honda Civic and Toyota Corolla. However, popular used/imported car options in this budget are Honda Fit Hybrid and Toyota Aqua.
- If your budget is around PKR 4 million, then we recommend you to consider the crossovers. The popular new car options in this budget are Honda HR-V, Toyota Hilux and Suzuki Vitara. Whereas, if you’re looking to buy pre-owned imported cars, then you should consider buying Honda Vezel or Nissan Juke, as these vehicles offer good value of money.
Used Or New Vehicle?
Let us help you find the answer to this baffling question. Your decision to buy a used Japanese imported car or locally assembled new car depends on your priority, as each option has its pros and cons.
While buying a new locally assembled vehicle could give you peace of mind through standard warranty. It is pertinent to note that locally manufactured vehicles usually lack safety equipment such as airbags and other safety features that many foreign auto manufacturers offer.
On the other hand, used/imported cars from Japan are less expensive and such vehicles are also well-equipped with important features like multiple airbags, climate controlled air conditioning and smart entry.
The last factor you should consider when buying your first car is the form or condition of the vehicle. A vehicle’s engine displacement is a clear determinant of form and this has a significant influence on your car’s overall on-road cost. For example, a non-filer needs to pay a mere ten thousand rupees in lieu of withholding tax if the car’s displacement is well under 850cc, whereas, a withholding tax of PKR 450,000 is applicable on cars with engines larger than 3,000cc.
Moreover, if you don’t mind churning out extra money for the “peace of mind”, you should consider getting an insurance policy. Vehicle insurance cost and coverage depends on your service provider. Generally, the annual premium in Pakistan depends on the total value of your car in the market. The insurance coverage will also take into account whether the car is new or pre-owned and adapt the insurance premium according to the depreciation of the car.
So there you have it, we hope that this article will help you in a making a well-informed decision.