Tata Altroz discount of Rs 45k on petrol and diesel announced
2020 Tata Altroz was at the time of launch listed at price of Rs 5.29 lakh. And while usually new cars are made available first at an introductory price and soon price is revised, especially with FY end, and other tax increases, Covid-19 has propelled a shift in pattern and business functionality. Tata Altroz can now be availed at a flat discount of Rs 45,000 on both petrol as well as diesel variants – via the company’s newly launched ‘Click to Drive’ website.
Benefits up to Rs 3.05 lakh on BS6 Mahindra Alturas, XUV500, XUV300, Scorpio
Mahindra is offering a host of benefits and discounts on its BS6-compliant SUVs all through May. Customers can avail of benefits of up to Rs 3.05 lakh on the company’s SUVs, subject to the model and variant selected. However, it must be noted that there are no benefits listed for the Marazzo MPV, TUV300 and TUV300 Plus, all of which are yet to be upgraded to BS6 norms.
Tata Motors May 2020 offers – Tiago at Rs 5k EMI; 100% funding on Nexon, Harrier
Tata Motors ‘Keys to Safety’ package brings together a multitude of offers for customers. It brings together easy financing, affordable EMIs with long tenure loans, and special offers for frontline warriors. Those buying Tiago, any variant can avail of a customised EMI plan starting at Rs. 5,000 every month for 6-months. The EMI amount (for a loan amount up to Rs. 5 Lakh) will gradually increase over a 5 year maximum tenure loan.
Customers can select from three value adding options while paying their final EMI. The last bullet EMI can be paid in full (approx Rs. 90,000 on loan of Rs. 5 Lakhs) and take full ownership. One can return the vehicle to financing partner, Tata Motors Finance in the face of financial difficulty. Customers may also choose to refinance the final EMI.
Tata Motors is offering 100 percent on road funding on their SUVs Nexon and Harrier. Customers can avail of long tenure EMI schemes (up to 8 years) to lower monthly EMI payment. The offers are curated for all Tata Motors’ cars except Altroz. COVID frontline warriors (doctors, healthcare professionals, essential service providers and police can avail of special benefits of up to Rs. 45,000 on all Tata Motors cars except Altroz.
Buy A Mahindra SUV Now & Pay In 2021; New Finance Schemes Announced
Mahindra & Mahindra has today announced in an official statement a wide range of new finance schemes to attract customers during these difficult times. They include personalised offerings to ensure peace of mind for the discerning Mahindra consumers by delivering financial flexibility and urging them to own desired Mahindra vehicle how they wanted.
The homegrown UV specialists is providing various financial schemes through different financial institutions. For doctors, Mahindra is offering 50 per cent fee waiver and the option to buy now and pay after 90 days moratorium. For police officials willing to own a Mahindra vehicle can avail high funding scheme
Pickup Vehicle Owners (ESP) can own a BSVI Mahindra Pickup and pay the same EMI as the earlier BSIV vehicle. For SUVs, the flexible schemes meant that the customer can own the vehicle today and start paying the EMI in 2021. Otherwise, the 90-day moratorium can be utilised by owning the SUV today and paying the EMI after three months. The company also enables up to 100 per cent on-road funding for its SUVs.
Maruti Suzuki Announces ‘Buy Now Pay Later’ Scheme For Easy Car Buying
In partnership with Cholamandalam Investment & Finance Company Limited (CIFCL), a leading non-banking financial company, Maruti Suzuki endeavors to provide customised retail financing solutions to private buyers. The ‘Buy Now Pay Later Offer’ solution aims at giving customers easy financing options according to the brand and some of the highlights are mentioned below.
The Indo-Japanese manufacturer says it will encourage people to buy new cars as the consumers will be in a position to pay for what they bought as EMI only after two months of loan disbursement. The partnership will benefit plenty of customers according to Maruti Suzuki as it has a retailing network comprising of 3,086 dealer outlets across 1,964 cities and towns.
The largest carmaker in the country provides up to 90 per cent road funding in association with Cholamandalam Investment & Finance Company Limited alongside the longer repayment tenure, higher loan to value and the more important ‘Buy Now Pay Later’ scheme. The latter implies to a two-month deferment of EMI as Maruti Suzuki believes it will have an advantage of bringing in new customers who are currently facing crunch times as far as monetary resources are concerned.
Kia To Introduce A Special Financial Product For 3 Month EMI Cover
The automobile sector is gradually moving towards the new normal post the coronavirus pandemic as several manufacturers have resumed operations in the country. The COVID-19 has had a major impact on the industry bringing operations and sales to a standstill. Several carmakers are now focusing on introducing a new finance package to boost car sales during the pandemic. Similarly, Kia Motors India is also looking to introduce a special financial product for 3-month EMI cover providing affordable EMIs along with other special offers.
2020 Ford Endeavour Facelift discount of up to Rs 60,000 by dealer
In spite of no price increase, sales are hard to come by. In addition to the introductory price, a dealer network of Ford India is offering discount of Rs 60,000 on the new Endeavour facelift. This will certainly help to lure customers who were on the look out for a full-sized SUV before the lockdown.
Mercedes C Class, E Class, GLC SUV get exciting EMI offers in India
Mercedes-Benz India Wishbox 2.0 will now include 10 year extended loan tenure. Lowest EMI is set at Rs. 1499/lakh. Wishbox 2.0 is curated to offer financial flexibility to customers. Customized financial solutions are built on No EMI for first 3 months, Step-Up 2020, and 10 year extended loan. The latter is a first in the auto industry. Customers have the option of 5 year buy-back. For a standard loan one can opt for no EMI for the first three months.
3 Months No EMI – With no EMI to be paid in the first 3 months, will help customers needn’t necessarily postpone a purchase decision. The three month no EMI plan is available with Standard Loan and Agility. EMIs will begin after a 3 month period for a 3/4/5 year loan.
Drive More Pay Less – Step-Up 2020 builds on ‘Drive More Pay Less’. The premise builds on exchange & trade-ins and low EMI through 2020 at 20 percent down payment. Payment option is deigned on availability of liquidity. One pays a small EMI for the first 6 months, and regular EMIs starts from 7th month onward.
10 Yr Finance Scheme – EZ 10 or 10-year Finance scheme comes with a 10 year loan tenure with affordable upgrades. The option is based on 5 years Agility and 5 years refinance, and brings together two contracts. One can opt for buy back after 5 Years. Lowest Emission of Rs 1499 per lakh is part of the finance plan.