Car Loan

Car Loan by Auto Wave

🚗 Auto Wave Car Financing (2005 – 2026 Models)

Auto Wave has been a trusted name in car financing since 2005, providing investor-based financing solutions for all car brands and models from 2005 to 2026. Under our unique financing structure, the customer becomes the first owner of the vehicle while the investor is registered as the second owner. Auto Wave acts as a third-party service provider and serves as a bridge between the customer and the investor, ensuring smooth communication and transparent processing throughout the financing journey.

✅ How Our Financing Works

  • Auto Wave does not take any share of the markup.
  • The markup is paid directly to the investor.
  • Auto Wave charges the investor only for its professional services.
  • Auto Wave provides a free vehicle tracker for every financed car.

📌 Eligibility & Required Documents

To start the car financing process, the customer must submit the following:

  • Processing fee: PKR 20,000
  • Customer CNIC
  • One guarantor’s CNIC
  • Income proof of the customer
  • Income proof of the guarantor

🔍 Verification & Approval Process

Verification is completed within 10 working days. After verification, the customer receives:

  • Approval letter, or
  • Rejection letter

💰 After Approval

  • Customer deposits the down payment into the firm’s designated account.
  • A confirmation email is sent after payment confirmation.
  • Within 3 working days, the firm will request any additional documents if needed.
  • If all documents are complete, the customer receives an email to collect the cheque from the branch.

📅 Investment Transfer & Vehicle Handover

  • Auto Wave schedules a date for the investor’s investment amount to be transferred to the customer’s bank account.
  • Customer visits the firm office for final formalities.
  • After completion, the vehicle is handed over to the customer.
  • 🗓️ Monthly Installments
  • Installments must be deposited into the firm’s account by the 10th of every month.
  • Customer receives an official payment slip as proof of payment.

Frequently Asked Questions (FAQs)

Q1: Which car models do you finance?

We finance all car brands and models from 2005 to 2026.

Q2: Do you charge markup from the customer?

No. The markup is paid directly to the investor. Auto Wave only charges the investor for its services.

Q3: Do you provide a vehicle tracker?

Yes. A free vehicle tracker is provided by Auto Wave with every financed car.

Q4: How long does the verification process take?

Verification is completed within 10 working days.

Q5: What documents are required?

Customer CNIC, guarantor CNIC, and income proof of both the customer and guarantor, along with a processing fee of PKR 20,000.

Q6: When will I receive the investment amount?

After approval and completion of required formalities, the investor’s amount is transferred to the customer’s account on the scheduled date.