There’s good news for car buyers! For all those who were planning to buy cars and were pushed back by inflation and high car loan rates, have now got a perfect time to rejoice.
You can now make up your mind to buy a new car. RBI has reduced the repo rate by 100 basis points and this must have given a sigh of relief to all those who were continuously stressed under spiraling car loan interest rates. This will definitely improve the status of liquidity crunch in the finance market and boost the sentiments and aspirations of Indian car consumers.
With this, the car sales are expected to push up and the piled car stocks will be reduced. Expensive financing will not restrict the consumers from buying a new car anymore. So what do you say, will softening of the interest rate push car sales? Will people prefer buying new cars now?
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