Nano ready to roll out with expensive loans! Tata’s newest and cheapest car is ready to roll out on Indian roads. The car has brought a great threat to car financers.
It is believed that for a car of Rs 1 lakh, none of the well-off people will apply for car loan. The loan applicants will include people with much lower incomes and the number would definitely be high. Most of the private financers have decided not to finance the Nano.
The interest rate of the Nano car loan is expected to be about 18%. The company proposed the design and production of this car for the people who can’t afford high priced cars. But the increased loan interest is compensating for the low cost price.
Don’t you think it’s again a big demarcation between the rich and poor? This is an expected delinquency during the launch. Rest, let’s wait and watch!
1 Comments:
Nano is getting into my nerves now. the media has given too much of hype.Every day there will be some news about this car.hope it Tata Nano does not kill the expectation of the people waiting for it.
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