Honda Motorcycles are known for their quality and resale value across Pakistan. The motorcycles are available from 70 to 150cc in different price ranges. As inflation is on the rise, motorcycle prices have really jumped to a new level and now motorcycles are very expensive. This is affecting the sales volume directly. Even big players like Honda Motorcycles are now available on 0% markup installments. Let’s have a look in detail.
0% Mark-up Installments:
0% Mark up installments means that the consumer does not have to pay any extra or premium amount over and above the original price of the product. The total amount is distributed among the mutually agreed installment period. Honda Motorcycles are available at 0% markup through different ways and different banks.
Bank Alfalah has offered Honda Motorcycles at 0% markup through Alfa Mall. The mall is available exclusively to Bank Alfalah users where they can purchase any of desired Honda Motorcycles and pay in 12 equal monthly installments. There is no premium or extra charge over such transactions. Alfa Mall users can also get into a lucky draw held by Honda Motorcycles and can win exciting prizes.
Honda Motorcycles are also offering 0% markup sales through Faysal Bank Limited. The consumer can purchase any Honda Motorcycle at 0% markup for 12 months and pay it back in equal monthly installments. This mechanism works by using a Faysal bank credit card for payments and paying back them within a year.
0% Markup, Beneficial or not?
Well, it depends upon the situation of the buyer and affordability. Even though 1 year or 12 months are decent enough time to pay back when you do not have to pay a premium. Realistically Honda should increase the time period of this scheme to 2 and 3 years as Suzuki Installment plans. It will help with increasing sales volume and catering to more customers.