Car loan rates have rocket upto 11.5% from 8 5 in last two years.
This is slowing the demand on cars, so to ensure more sales Car manufactures are giving huge discounts on for cars in July 2011
Here are few in the list-
- Audi A6 - 370000
- Mercedes C class - 270000
- Honda Jazz - 160000
- Fiat Punto - 96000
- Chevy Spark - 61500
- Maruti Estilo - 60500
- Maruti Alto- - 53000
- Honda City - 50000
With discounts as high , it’s a good time to buy car even if car loan interest rates are high.
At 8% car loans on average loan amt of 4 lakhs your total interest was 68000
With 11.5% on average loan amount of 4 lakhs your total interest amount is 100000.
So if you do your calculations, check our emi calculator and the discounts on cars, may be the deal is good for you.
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