Cheers! The iconic BMW X5 is now available at an incredibly low 0.1% interest rate. For all those who love this scintillating and powerful SUV this is a perfect time to drive away the car with pride.
The BMW X5 is a creatively designed mid-size luxury crossover SUV that is penetrated with beauty and elegance in every detail. The powerful engine, efficient transmission, and the intelligent all-wheel drive system along with the dynamic stability control, brake fade compensation, and start-off assistant makes the car win the SUV race. Offering the best of off-road capabilities and outstanding performance the BMW X5 takes you on an incredible journey.
When this incredible journey can be experienced with an easy car financing scheme at an incredibly low interest rate then the joy gets doubled. And this offers you a perfect opportunity to experience the ultimate performance of the BMW X5.
Labels: BMW-Cars, BMW-X5, Car-Finance, Car-Manufacturer, SUV
With inflation remaining double digits for consecutive six weeks, RBI plans to tighten its monetary policy. The policy has a direct impact on the interest rates. Oops! Another setback for the car manufacturers.
Car manufacturers are now really frightened with the continuous increase in fuel prices as well as the interest rates. Now all the heart goes down.
Are
car manufacturers still strong and powerful to face this obstacle and win over the challenge? The Indian car industry is going down with low economic gains.
This is the third time in the calendar year 2008 and the second time in the current month that the interest rates have climbed up. The current repo rate, rate at which Central Government lends money to the banks, has been increased by half a percentage point and the cash reserve ratio, cash that bank puts aside, has been increased by 0.25 percentage point.
A
car loan amount of Rs 3 lakh for a period of three years will have a higher EMI of Rs 73. Car loan for a period of five years, will have an EMI of extra Rs 79 and the loan taken for 7 years will have an additional amount of Rs 84 in the EMI.
The things are becoming worse day by day. When will this inflation end? Who will bring an end? What and when is the next hike in interest rates? Who knows?
Labels: Car-Finance, Car-Loans, Car-Manufacturers
Car finance is not new to India, but momentum is up from nearly half a few years back to more than three quarter of the number of cars purchased in India are financed now. The remaining quarter is mainly delivered by the corporates buying cars in bulk for their employees. The scenario is same everywhere around the world. In developed countries, more than 85% of the cars are financed. Rising interest rates and oil prices may be holding your feet to move forward and have your first car but these are the factors which are macro in nature and on long run these should balance them with favourable ones. No economist is dead sure on when and in what structural form will the new economic revival take place in the world. If you are planning to buy your new car and want to finance it do contact us either through our website or send any of your doubt or reservation. We will you provide the correct information regarding the same.
Submitted By: Nitin Yadav, Manager Marketing, Alternate channel, Team ICICI Bank.
Labels: Car-Finance, New-Car
