SAIPA launched the presale of its latest hatchback model Quick in late January and started delivering a limited number of the vehicle last week. However, the company is yet to announce a final price for the vehicle.
The delay in announcing the vehicle’s final price is partly due to the fact that Iran’s Competition Council is required to ratify the price of vehicles worth less than 450 million rials ($10,000).
Initially, for starting the presale, SAIPA quoted a “temporary price” of 329 and 420 million rials ($7,300 and $9,300) on the model depending on options.
Reza Shiva, the head of Competition Council, said, “The council is studying the documents submitted by SAIPA regarding the model. In case it is determined that the vehicle’s price must decline, customers who have purchased the car through the presale must receive a refund.”
The Competition Council is a state body that seemingly keeps an eye on many domestic products, including cars.
During the presale, car buyers should have paid 190 to 210 million rials ($4,220-$4,800) as down payment. Customers are to receive 15% interest on the down payment until the time of delivery.
Quick is equipped with a 1.5-liter, 87-hp engine. The car has two gearboxes: manual or automatic 5-speed continuously variable transmission.
According to the company, Quick is based on SAIPA’s Tiba hatchback but the vehicle’s exterior design is reminiscent of China’s Brilliance models.
