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Auto assemblers want new tax on car transfers to curb premium

Auto assemblers want new tax on car transfers to curb premium

KARACHI: The Pakistan Automobile Assemblers Dealers Association (PAMADA) has suggested that the additional registration tax on transfer of a new car within three months of purchase would help curb the menace of premiums.

“Early delivery demands by customers encourage investors to exploit customers by offering vehicles on premium payments. If customers book their vehicles and secure delivery as per the schedule offered by companies, no premium will exist,” said Iqbal Shah, chairman of PAMADA.

He said that vehicles were not commodity items, which could be made and shelved. “They are manufactured against individual orders of the customers and the industry has taken various steps towards discouraging premiums such as refusing multiple bookings of vehicles on a single CNIC, displaying vehicle availability information at the dealership floors and on the company website. “We request the customers to book their vehicles only at the authorised dealerships and wait for the delivery of their vehicles as per the delivery date”, he said, adding that with customers’ support, the menace of premiums on car prices could be eliminated.