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Leasing a car in Islamabad Pakistan

March 30th, 2009 by The Online Reporter

UBL car auto finance
Dear readers, this news have been shared with us by one of our respectable reader. Who became a victim of “bank lease car snatching” crime in Islamabad.
As we know that High Court has made a rule against snatching cars and verbal threats by banks but still many banks are openly committing this crime which is almost equivalent to robbery.
Auto loan financing is one of the major sources of business for banks in Pakistan. Every famous bank has hired some hooligans who snatch the leased cars from those people who pays late or no installments for their leased cars. But after listening the story of our reader Rashid Mansoor we came to know that some banks are snatching cars even if people are paying their installments on time, which is really strange and sad.
In his story Rashid said:

My brother purchased a car from UBL three years back on loan. He paid installments regularly to bank. He paid only two or three installment short during three years. Yesterday he went to F-7 Islamabad in his car due to his personal work, three or four cars came and blocked the road. Some guys came out of cars and told my brother that now this car is our property and go to bank. He went to bank and sign on possession letter. Now bank has issue no letter regarding this matter to our mailing address.

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3 Responses to “Leasing a car in Islamabad Pakistan”

  1. Leasing a car in Islamabad Pakistan Says:

    [...] March 30th, 2009 by The Online Reporter Dear readers, this news have been shared with us by one of our respectable reader. Who became a victim of “bank lease car snatching” crime in Islamabad. As we know that High Court has made a rule against snatching cars and verbal threats by banks but still many banks are openly committing this crime which is almost equivalent to robbery. Auto loan financing is one of the major sources of business for banks in Pakistan. Every famous bank has hired some hool [Read the full article here] [...]

  2. Abdullah Says:

    Aslmao ALikum….main bhai ki compaint se mutfiq nahi hun…bank kisi k sath zaydti nahi kerta…jo loog 2,3 month kist nahi dete,unhi ki garian pakrta h e…Thats All…

  3. ali khan Says:

    does any wanna start a “Electric Car business” with me….

    its really amazing…. you can convert any car in less than $7000 thats 560000 Rupees.

    all you need to do is

    1. Throw away the Engine….

    2. Put Batteries and a Motor……

    Never worry about Patrol or Diesel or CNG …. or changing Oil…..

    I have Toyota 2.oD and i put almost 2800 Rupees on Deisel every week….. thats almost 12000/month…. and I dont use this car that much…. and I have to think about how expensive its getting to use my Car…..

    you drive your Car for free….for the rest of its lifetime…..

    - 10 Minutes of Charging give you over 100 Miles
    - Speed upto 100 miles/ hour..

    The process is so Simple, People in USA and Europe are doing it in their home…. who have no mechanical background…..

    see for your self …. search ” Home Made Electric Car ” on Youtube.com

    any one interested reply to me…

    also charging your Car for the whole month cost less than 600 Rupees….

    Thanks
    Ali Khan

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