KARACHI: CarFirst, a car trading platform in Pakistan, has signed a Memorandum of Understanding (MoU) with Habib Metro Bank for disposal of used vehicles.
The MoU was signed at CarFirst’s regional office in Karachi to trade the fleet vehicles under HABIBMETRO’s ijarah financing option.
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Under this arrangement, CarFirst will be offering inspection and evaluation services of the fleet vehicles of HABIBMETRO Bank.
Carfirst and HABIBMETRO’s collaboration aims to mutually benefit both parties with a transparent and hassle-free car trading service. CarFirst will purchase cars owned by HABIBMETRO at the discretion of both parties.
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CarFirst is catering to the rising demand of the used cars market by providing efficient solutions to individual customers and corporations to sell cars.
By entering strategic partnerships with leading financial institutions like HABIBMETRO, CarFirst aims to meet the needs of potential sellers in the best possible way.
Commenting on this collaboration with HABIBMETRO, Shahbaz Saeed, Head of Marketing at CarFirst, said: “CarFirst is driven towards simplifying the lives of its customers and continuously pushing Pakistan’s used car industry forward through innovative solutions and progressive partnerships.
“This new joint venture is likely to prove fruitful for both Carfirst and HABIBMETRO in terms of an effective and seamless disposal solution of the corporate fleet.”
Salman Ali, Head of Consumer Partnerships at HABIBMETRO, said, “We look forward to strengthening our partnership with CarFirst in the future.”
