“Today, Iranian consumers are hoarding home appliances, out of concern for further price rises and scarcity. On the other hand, the imposition of US sanctions and government’s import-restrictive policies have given rise to cases of profiteering by the middlemen. The prices have been jacked up by 100% at times,” Hamidreza Ghaznavi was also quoted as saying by ILNA.
Ghaznavi noted that the presale of 160 products, including refrigerators, freezers and stoves, has been planned in two ways: definitive purchase agreement and presale through partnership.
"Under the definitive purchase agreement, the total price of the item should be paid to the company while the buyer is entitled to a 2% discount for each month of delay in receiving the product. Consumers can get a 25% late fee if the company fails to deliver the product on time," Financial Tribune quoted him as saying.
A 50% down payment is required, if the buyer decides to go for presale through partnership. The rest of the payment is calculated as per the prevailing price, plus a “participatory” profit of 18%. There will be a monthly quota for presales and buyers are required to provide their national identification number when registering, Ghaznavi said.
A look at the website of a leading local producer of home appliance, which started the presale of its products on Tuesday, shows it had a remarkably successful online presale in the Iranian month of Mehr (Sept. 23-Oct. 22).