A company plans to sell taxis in Mandalay Region through instalment plans.
Auto Taxi Sales and Service Centre deputy manager Ko Hla Kyaw Swar said three models would be available under the program, including Toyota Belta sedans and Nissan AD vans.
Customers will be required to pay in three instalments: one-off payments of K3 million and K3.5 million, followed by a daily payment of K12,000. They will have to pay K16 million to K17 million for the cars, which have a market value about K12 million to K14 million.
He said the hire-purchase program would make cars more affordable and improve transportation in Mandalay Region.
“Mandalay is a hub for travellers; from there they can go to Pyin Oo Lwin, Muse and Lashio, or Sagaing and Monywa. We also aim to help people own a car more easily,” Ko Hla Kyaw Swar said.
The company has already sold more than 100 cars on instalments in Yangon and is flexible in how the repayments are made, he said. It will also arrange registration for the taxis, which will have an “AA” licence plate prefix.
“Instead of paying each day, you can arrange to make payments once a week or month.”
Translated by Thit Lwin