A new car riding plan


A new car riding plan

Iran's Emdad Khodro honors your loyalty. 

For those who has a low budget and looking for brand new cars. 

A new car riding plan (a plan for replacement of old cars with brand new ones)

Years have passed since the production of your car and you are thinking of changing it. But nowadays buying a brand new car without special facilities is practically a hard thing for Iranian families. 

Therefore, Iran's Emdad Khodro has started a plan with the name of "a new car riding plan" to honor its loyal customers. 

Iran's Emdad Khodro has offered "installment sale with calculating the net profit" which includes the company's loyal customers. 


Plan subjects

1. Products owners of Iran Khodro Industrial Group who have been the subscriber of one of the Golden Card levels of Iran's Emdad Khodro for at least two consecutive years.
 
2. The definite time of freehold and its legality is the basis of this plan and no attorney powers or compromise is accepted.

3. At the time of receiving the facilities (loan), the applicant should have an active golden subscription.

4. The applicant shouldn’t have any dishonored check in Iran Khodro Industrial Group 


Plan description 

1. The rate of installment sale: in this plan, the commission of installment sale can vary from 16% to 20% (the real interest rate is 21% and this 1% to a maximum of 5% would be deducted from this rate for each year of the Golden Card extension) based on customer's situation (ownership duration, the number of consecutive extensions of the Golden Card). 

2. Repayment facilitation: the period of installments repayment are one year, two years and three years which is performed by receiving checks in a four months period without requiring surety. 

3. The deed to your name: in this plan the deed of the brand new car is to the name of customer till the end of installments repayment but it is on the mortgage of Iran Khodro.

4. Appropriate facilities: the allocation of loans with the amount of 50% of the brand new car price according to the indicative list of Iran Khodro Company. 

5. Immediate car delivery: the duration of car delivery is 20 business days after file completion and depositing the money. 
The possibility of old car replacement with brand new ones

If desired, the owner can replace his old car with brand new cars available in Iran Khodro Company (right now his plan is only available in Tehran)


Procedure

1. The customer complete the request form of a new car riding plan through personal visit of Iran's Emdad Khodro Company central offices.

2. The request of the customer and the information on his background in Iran's Emdad Khodro Company is examined and validated by relevant experts and one of the following actions is taken:

- If the customer request is not confirmed, he would be informed about it. 

- If the customer request is confirmed, the interest rate of installment sale and the discounts available for him are determined by the relevant experts and announced to the customer. 

3. The determined amount for the advance payment, and the required guidance for facilitating the customer's presence in offices determined by the company for submitting the documents are announced to the customer.


Required documents 

1. Installment checks, sign certificate form from the notary public, completing the forms related to the type of requested car and…

2. Sending this information to Iran Khodro Company for allocating the vehicle based on the provided information, mortgaging the vehicle and inserting the sentence "this deed cannot be transferred to someone else" in the car certificate till the final account settlements and written announcement of Iran's Emdad Khodro (the installment sale is recorded in the non- transferable ownership deed and in the sale sheets)

For more information, dear customers can send 4 to the number of 300030 and the company's experts would contact them.