44.000 pounds.. details of microbuses replacement initiative

The used car replacement initiative announced the prices and details of replacing “microbuses” within the initiative of the Ministry of Finance, which is implemented in 3 stages.

The microbus can be replaced by cash payment for the car or the microbus by installments, with an interest rate of 3% over 7 or 10 years.

415 thousand pounds, the prices of the “microbus” in the car replacement initiative.

The initiative enables people to applying on the official website of the presidential initiative to replace cars.

The prices of the 14-passenger King Long microbus, start at 415,000 pounds, while the price of the, air-conditioned microbus, within the car replacement initiative, is 440,000 pounds.

Conditions for obtaining a microbus as part of the car replacement initiative:

1- The age of the owner of the microbus who wants to replace it ranges between 21 and 65 years in the event of installments.

2- who over 65 years of age, can enjoy all the privileges of the initiative through cash payment and not by installments.

3- An amount of EGP 65,000, the value of the green incentive, will be deducted within the car replacement initiative announced by President El-Sisi two years ago.

4- The cars available in the initiative are “Chery Tiggo3”, “BYD f3”, “Chery Arrizo 5”, “Hyundai Elantra HD” and “Hyundai Accent RB”.

5- Their price of the cars starts from 353 thousand pounds

6- According to the initiative of the Ministry of Finance, old cars are to be replaced with ones that run on natural gas.