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IMC SIGNS MoU WITH HBL FOR EXCLUSIVE FINANCING AND INSURANCE OF TOYOTA VARIANTS

Indus Motor Company (IMC) signed a Memorandum of Understanding (MoU) with HBL to make car affordability easier through exclusive financing and insurance of Toyota variants. The MoU was signed at a ceremony at Karachi, between Mr Abdul Rab, Senior General Manager-Marketing and Sales from IMC and Mr Muhammad Asad Khan, Head – Secured Asset Consumer Rural and SME Banking from HBL.

IMC will assist its clients by arranging special finance and insurance prices on all Toyota variants via HBL. Customers of IMC will benefit from a preferred fixed-markup rate and fast-tracked delivery lead time. The combined experience of IMC and HBL will help save time, minimize hassle, and create a seamless purchase and financing process whilst also ensuring a smooth buying and financing process. Additionally, 50 approved Toyota dealerships and 35 TSURE locations will provide leasing services.

Expressing his views, IMC Chief Executive, Mr Ali Asghar Jamali, said, “Providing mobility solutions with convenience, safety and affordability is what we strive for at Toyota and we are committed that vehicle ownership in Pakistan becomes a reality for our people.”

He added, “The necessity of establishing a relationship, enables IMC and HBL to prioritise their consumers, to continue their customer-centric journey, and ultimately benefit the client.”

Present at the signing ceremony were Mr Muhammad Afaq Khan, Head Islamic Bank and Mr Aamir Kureshi, Head Consumer, Rural and SME Banking, both from HBL and Mr Alam Ayub, Deputy Manager Marketing Planning, IMC along with other representatives from both organizations.

Terms & Conditions

  • Free one Year Pre-paid maintenance package for TSURE vehicles acquired through Financing Facility
  • 7 days Return Guarantee to be offered by the Authorized Dealership as per their terms and conditions for cars acquired through this campaign
  • **The Customers will have the option to avail up to 30% Residual Value Financing for locally assembled Corolla, Yaris & Fortuner where vehicle is not older than 3 years
  • ***Early termination profit will be 50% waiver for existing MBL customer after completion of one year Car Ijarah period whereas it will be 100% waived after completion of two years lease.
  • **The Discounted package consists of our 4th year Comprehensive package that provides all the coverage that is provided in built in warranty. It is only sold to Yaris and Corolla vehicles and is sold at a discounted price of PKR 10,000.

Please note: This package can only be sold to cars that are within the 3 years standard built in warranty period. This package will be added to vehicle’s price, and its payment will be made by customer to MBL.