Suzuki has introduced new and easier installment plans for its popular car, the Suzuki Alto, in partnership with Bank Alfalah. This step comes after the recent increase in car prices. These plans are designed to make it easier for people to own a car without paying the full price all at once. Now, buyers can pay in smaller monthly installments over time, which is very helpful during these times of rising costs.
Suzuki Alto 5-Year Monthly Installment Plan (60 Months)
Here’s a breakdown of the monthly payments if you choose a 5-year installment plan:
Alto VXR
- Price: Rs. 2,827,000
- Down Payment: Rs. 850,000
- Processing Fee: Rs. 15,500
- First-Year Insurance: Rs. 67,675
- Monthly Installment: Rs. 56,540
Alto VXL AGS
- Price: Rs. 3,140,000
- Down Payment: Rs. 942,000
- Processing Fee: Rs. 15,550
- First-Year Insurance: Rs. 76,125
- Monthly Installment: Rs. 62,500
These monthly payments allow car buyers to spread out the cost over five years, which makes it easier for them to manage their money.
Required Documents for Suzuki Alto Installment Plan
To apply for the installment plan through Bank Alfalah, you will need to submit the following documents:
- CNIC Copy: A valid copy of your national identity card.
- Proof of Income: This could be your salary slip or business income documents like bank statements or tax returns.
- Address Proof: A recent utility bill or a rental agreement that shows your home address.
- Bank Statement: A six-month record of your bank account to check your financial activity.
- Passport-Size Photos: Two to three recent photographs of yourself.
Once you submit all the documents, the bank will review your request according to its policies and let you know if you qualify.
New Suzuki Alto 2025 Prices in Pakistan
Suzuki has updated the prices for all Alto models for 2025. Here are the new prices:
Model | New Price (PKR) |
---|---|
Alto VX | Rs. 2,331,000 |
Alto VXR | Rs. 2,707,000 |
Alto VXR-AGS | Rs. 2,894,000 |
Alto VXL-AGS | Rs. 3,045,000 |
Alto VXR Upgraded | Rs. 2,827,000 |
Alto VXR-AGS Upgraded | Rs. 2,989,000 |
Alto VXL-AGS Upgraded | Rs. 3,140,000 |
These prices reflect the latest increase but still offer great value compared to other cars in the same category.
Tax Details for Suzuki Alto (Filer vs. Non-Filer)
The amount of tax you need to pay depends on whether you are a filer (someone who regularly files income tax) or a non-filer. Here is the tax chart for each model:
Model | Filer Tax | Non-Filer Tax |
---|---|---|
Alto VX | Rs. 11,655 | Rs. 34,965 |
Alto VXR | Rs. 13,535 | Rs. 40,605 |
Alto VXR-AGS | Rs. 14,470 | Rs. 43,410 |
Alto VXL-AGS | Rs. 15,225 | Rs. 45,675 |
Alto VXR Upgraded | Rs. 14,135 | Rs. 42,405 |
Alto VXR-AGS Upgraded | Rs. 14,945 | Rs. 44,835 |
Alto VXL-AGS Upgraded | Rs. 15,700 | Rs. 47,100 |
If you’re a filer, you’ll pay much less in taxes than non-filers.
READ MORE: MG4 EV Installment Plan at 0% Interest in Pakistan – Prices & Details