Is it idiotic to book a car these days?

FahadBhatti

Minister (2k+ posts)
So in july last year the government reduced taxes on vehicles and prices were reduced and people booked vehicles in bug numbers but the automakers deliberately kept booking times long and BAM big increase in car prices in november and those who had booked cars earlier had to pay the big difference.

Now some who have been waiting for there cars for good 7 seven months have paid another huge price difference in january.

People are now ready to pay investors some own / premium instead of waiting for the car because there is no customer protection and no law to keep the booking time short. On top of that there is also cancellation deduction on bookings.

The automakers are only made to pay kibor + 3% if they do not deliver the car 2 months after full payment but the thing is that they keep your booking amount and only ask for the rest of the payment when delivery is near.

Dollar was 169 in october 2020 and now its 177 and taxes on car is same as it was in october 2020. Dollar only rose by 4.5 percent in 15 months but car prices went up around 20 percent in that period.

I am talking about those cars who are mainly made and assembled in pakistan like alto wagon r cultus etc.

Their car prices went up in dollars.

Booking seems like a huge waste of time when you get car right away with probably be paying less that you end up paying after 6 months of wait.
 
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The Sane

Chief Minister (5k+ posts)
Every haraamkhor in Pakistan is hell bent on exploiting this corroded system. The biggest beneficiary of federal incentives, rebates and tax breaks over the past 4 years and especially through pandemic has been the business class, which raked in billions of rupees in profits. Yet their lust for more is insatiate. It’s high time for govt to start grinding their fat butts for every single penny they owe in taxes.
 

MRT.abcd

Senator (1k+ posts)
I think used cars will get cheaper once new cars production increases 5 to 10 folds. Maybe in 10 years or 15 years, the market will be saturated with cars. At the moment cars are scarce in Pakistan. Government should allow the import of used cars for which payment is not made using $$ from Pakistan but outside Pakistan. Government can collect few thousand $s from each car sent to Pakistan. That way instead of losing $s government will make $s. Local mafia will keep exploiting the current situation ...
 
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