The Issue of Own Money

PIDE Policy Viewpoint 32:2021
Publication Year : 2021

Charging own money on vehicles has become a norm in Pakistan’s automobile industry. Own is a form of premium charged by the car dealers over and above the price of the vehicle for express delivery of the vehicle. An artificial shortage, primarily due to low production numbers, allows dealers and other investors to pre-book vehicles and charge own from end buyer for immediate transfer of ownership once the demand for vehicle rises in the market.

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