Honda City 1.2 price & easy three-year installment plans for August 2024

The Honda City, a locally produced hatchback, has secured a significant share in the Pakistani market due to its reliability, comfort, and performance.

The latest generation of the Honda City boasts sharp body lines, push-button start, keyless entry, and other impressive updates.

It also features automatic climate control, a well-equipped steering wheel, modern LED headlights, LED taillights, and the latest multimedia system.

Under the hood, it houses a Water Cooled 4 Stroke, SOHC i-VTEC engine, offering a powerful yet fuel-efficient performance, perfect for both city driving and long journeys.

Safety features include airbags, an anti-lock braking system (ABS), and vehicle stability assist (VSA), ensuring a secure driving experience.

Honda City Variants

Honda City is currently available in following variants:

Honda City 1.2LS MT,

Honda City 1.2LS CVT

Honda City 1.5LS CVT

Honda City 1.5LAS CVT.

Honda City 1.2 New Prices in Pakistan from August

The ex-factory price of Honda City 1.2LS MT stands at 4,649,000 while Honda City 1.2 LS CVT costs Rs4,689,000, as of August 2024.

Honda City 1.2 Installment Plan by Meezan Bank

Meezan Bank offers Car Ijarah, Pakistan’s first interest-free car financing option based on the Islamic financing concept of Ijarah (leasing). This product is perfect for those seeking interest-free financing for locally manufactured or assembled vehicles.

Car Ijarah operates through a rental agreement where the Bank buys the car and rents it to the customer for a term of 1 to 5 years, as agreed in the contract. At the end of the Ijarah period, the vehicle can be either sold to the customer for a nominal amount or gifted to them.

We have compiled details for both Honda City 1.2 variants under a three-year installment plan, including a 30% security deposit and a 5% residual value.

City 1.2 LS (CVT) (1199CC)

Price of Vehicle                 Rs. 4,689,000

Upfront Payment

Residual Value                  5%

Security Deposit               Rs. 1,406,700 (30%)

Processing Fee                  Rs. 3,100

Total Upfront                     Rs. 1,409,800

MONTHLY PAYMENT

Number of months           36

Rent per month                Rs. 139,264

City 1.2 LS (MT) (1199CC)

Price of Vehicle Rs. 4,649,000

UPFRONT PAYMENT

Residual Value                  5%

Security Deposit               Rs. 1,394,700 (30%)

Processing Fee                  Rs. 3,100

Total Upfront                     Rs. 1,397,800

MONTHLY PAYMENT

Number of months           36

Rent per month                Rs. 138,126