Originally published at: https://www.pakwheels.com/blog/yamaha-back-with-another-0-markup-plan-for-bikes/2
And again, Yamaha announced an opportunity for consumers to buy its bikes3 in easy installments. The company came back with 0% markup plan for bikes. As per the company’s recent social media post, the customers could get a bike in installments with zero interest rate, which they had to complete in 12 months. The Offer is specific to MCB debit or credit card holders.
Moreover, the Offer is for all Yamaha bikes. Interested consumers can visit the MCB for further details.
It is pertinent to mention that this is not the first Offer; earlier, company announced the same Offer of 4 months installments.
Previous Offer With 0% Markup
Yamaha Motor Pakistan offered an installment plan for its bikes with 0% markup. As per the company dealers, the consumer would have to pay the 50% amount as a down payment, while the rest could be paid in four months. However, the Offer was only valid for specific cities, on limited stock, and for a limited time.
Possible Reasons for Offer on Yamaha Bikes
It is apparent that the company has not done it out of their good heart, rather, it could be a sign of low sales, and through this Offer, Yamaha wants to boost the numbers. As per Pakistan Automotive Manufacturers Association (PAMA) data, the company sold only 2,503 units in the last two months, which is significantly lower compared to last year’s 3,985 units during the same period.
The second and maybe the biggest reason is the continuous price hikes by Yamaha. The company has increased the bike prices four times in 2022 only. The rates of Yamaha bikes have gone up by Rs. 50,000 to Rs. 60,000 on average this year, which is a massive jump in a matter of just 7-8 months. Due to these jumps, now all Yamaha bikes cost over Rs. 250,000 and are indeed taken out of a normal person’s reach. Most people in Pakistan cannot afford such expensive bikes for daily use.