Having registered zero sales first time in history due to lockdown, auto-mobile company Maruti Suzuki has come up with an amazing offer. To speed up sales, car companies are offering various types of finance schemes to entice customers. Now the country's largest carmaker Maruti Suzuki has come out with new finance schemes. These include 'Buy Now-Pay Letter' (Buy Now, Pay Later), On-Road Funding up to 90%, and Long-Term Loans.
For the new finance schemes, Maruti Suzuki has partnered with Cholamandalam Investment and Finance Company Limited (CIFCL), one of the leading non-banking financial companies. Maruti Suzuki says that the objective of this partnership is to provide customized auto retail financing solutions to customers, thereby promoting personal mobility.
What Is Buy Now Pay Later Scheme:
As per the company, a customer buying a Maruti car will get 60 days to start EMI. This means if you buy Maruti's car now, its EMI will start 2 months after the date of getting the car loan. This offer is available on selected Maruti cars and will be applicable on loans taken on or before 30 June 2020. Earlier Tata Motors and Mahindra & Mahindra have also introduced similar finance schemes.
Discount Upto Rs 53,000:
Maruti Suzuki cars are getting a discount of up to 53 thousand rupees. The offer is available on Alto, S-Preso, Celerio, WagonR, Swift, and Dzire. Up to 37 thousand rupees on Alto, up to 42 thousand rupees on S-Preso, up to 32 thousand rupees on WagonR, up to 47 thousand rupees on Maruti Celerio and Celerio X, up to 48 thousand rupees on Swift, up to 48 thousand rupees on new Dzire.