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Auto Finance Presentation

In: Business and Management

Submitted By furqan567
Words 10121
Pages 41
GROUP MEMBERS

M.FURQAN YOUNAS M10MBA007
MUHAMMAD AHMAD M10MBA022
JUNAID ALI SULERI M10MBA006
NABEEL TAJ GHORI M10MBA027

TABLE OF CONTENTS

Introduction………………………………………………………………….. ………. 03
Definition …………………………………………………………………………………… 07
Factors to be in mind while going for auto finance………………………. 07
Financing Glossary ………………………………………………………………………. 09
Best deal ………………………………………………………………………………………. 12
Prudential rules and regulations of SBP ………………………………………. 14
How does auto financing work ……………………………………………………… 16
Types of Auto Finance ………………………………………………………………. 19
Drawbacks of Auto finance ………………………………………………………… 20
Ijarah car financing ………………………………………………………………………. 22
Auto finance by commercial banks in Pakistan …………………………….. 25
Difference between ijara and conventional Auto Finance …………….. 33
Issuue of takaful…………………………………………………………………………… 37
Conclusion …………………………………………………………………………………… 39

INTRODUCTION:
The subject of car finance comprises the different financial products which allows someone to acquire a car with any arrangement other than a single lump payment. The provision of car finance by a third party supplier allows the acquirer to provide for and raise the funds to compensate the initial owner, either a dealer or manufacturer.
For Business sector finance:
Car finance is required by both private individuals and businesses. All types of finance products are available to either sector, however the market share by finance type for each sector differs, partly because business contract hire can provide tax and cashflow benefits to businesses.
Personal Car Finance:
It is a complete subsector of personal finance, with numerous different products available. These include a straightforward car loan, hire purchase, personal contract hire (car leasing) and Personal Contract Purchase. Therefore car finance includes but is not limited

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