Hurrah! Interest free loans are being offered on big cars by big players like Mercedes-Benz, BMW India and Audi AG. Volvo’s models come with an interest rate of just 6 percent on its entire line up.
Some of the best selling cars like Mercedes E-class, the new BMW X5 and Audi A6 are bundled off to buyer’s homes with interest free loans. The models also qualify for several other benefits- financial and freebies included.
This is done in a bid to keep the momentum of sales going up this year. In the last fiscal, luxury cars segment, with cars priced over Rs 20 lakh, posted a rise of 34 percent after selling 8,313 cars. This has been the highest growth rate among all car segments in India.
These companies want to keep the sales high and beat recession heat with some attractive incentives. Not only that, Mercedes, which has been pushed to the second position, is trying to better its record this year and wants to maintain its post as No. 1 luxury car manufacturer of India.
Indian car buyers are in for a bonanza, as cars are cheaper than ever before and new launches like Audi Q5, BMW 7 series diesel, Nissan Murano, Toyota Land Cruiser and others are reaching Indian shores pretty soon this year.
I have heard the discount Audi is offering on Audi A6 and BMW offering on X5 and X3. But have no clue on discounts offered by other luxury car manufacturers. Are Mercedes, Porsche, Nissan, and Volvo also offering any discounts or low interest for their cars? Do you have an idea whether BMW is offering any discount on its 7-Series?
At present there are no offers announced by BMW on its 7-Series but I am sure that soon there will be a discount on the car or some attractive schemes to lure customers. All the car manufacturers are struggling to boost sales and everyone is battling in the luxury car segment. And this makes it very important for car manufacturers to offer discounts.
I have heard about the same. Car enthusiasts with big pockets can now lay their hands of the choicest luxury cars esaily. The manufacturer are advertising in newspapers also about the low or no interest rates. But i hope manufacturers do not compromise on performance or safety as means to save money.