By KIA Motors Pakistan has unveiled an exciting 18-month interest-free installment plan for its popular Sportage model, aimed at boosting its market presence and attracting more customers. This initiative allows buyers to purchase any of the four Sportage variants with zero interest on monthly payments, making it easier for consumers to own one of KIA’s best-selling SUVs.
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Details of the Interest-Free Plan
The announcement, made through KIA’s official website, highlights that the interest-free installment plan is available for a limited time and covers all four variants of the Sportage: Alpha, FWD, AWD, and Limited Edition.
Cash Prices for KIA Sportage
For customers preferring to purchase the Sportage outright, the ex-factory cash prices are as follows:
- Sportage Alpha: Rs7,300,000
- Sportage FWD: Rs7,740,000
- Sportage AWD: Rs8,470,000
- Sportage Limited Edition: Rs9,000,000
Prices Under Interest-Free Installment Plan
Under the installment plan, the prices are slightly higher than cash purchases, with the following breakdown:
- Sportage Alpha: Rs7,550,000
- Sportage FWD: Rs7,990,000
- Sportage AWD: Rs8,720,000
- Sportage Limited Edition: Rs9,250,000
Payment Structure
To take advantage of this offer, buyers must make a 50% down payment at the time of purchase, followed by 18 equal monthly installments to pay off the remaining amount. Here are the details for each variant:
- Sportage Alpha:
- Down payment: Rs3,775,000
- Monthly installments: Rs209,272
- Sportage FWD:
- Down payment: Rs3,995,000
- Monthly installments: Rs221,944
- Sportage AWD:
- Down payment: Rs4,360,000
- Monthly installments: Rs242,222
- Sportage Limited Edition:
- Down payment: Rs4,625,000
- Monthly installments: Rs256,944
This payment structure offers a flexible solution for customers seeking to own a KIA Sportage without the burden of traditional interest rates, making it an attractive option in the competitive SUV market.
Our Verdict
With this new installment plan, KIA aims to drive higher sales and expand its customer base in Pakistan. However, potential buyers are encouraged to act quickly, as the offer is available for a limited time only. The interest-free installment plan represents KIA’s commitment to making vehicle ownership more accessible, allowing customers to enjoy the comfort and performance of the Sportage while managing their finances effectively.
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