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Hi All,
Since my religion does not allow to Give/Take Interest, i am forced to look out for Zero percent Interest on cars, to own a new one. My past experiences with used cars does not allow me to buy a similar one. Hence i would love to know if any of you come across such news.
I know recently Vento was offered in Zero percent interest. I am looking for a hatchback within a budget of 6 lakhs.
NOTE TO MODS: Kindly move/delete this post if you feel this is inappropriate in this section.
Some banks do give '0' percent loans when you pay a hefty down payment and promise to close the 'loan' within 11 to 12 months. Some dealers also have their own schemes, I was aware of something like that from Toyota some time ago. I have seen some tenures of 15 months or so.
OP - The polo is also available with the 0% offer IIRC and should come around your mentioned budget. You've mentioned about past experience with used cars, were these bought on a 0% interest loan?
Hi Abdul,
If you don't want to restrict your choices, you should consider
Leasing. No interest, cost works out to about the same as a loan (cheaper if you're a businessman) and every leasing company will give you a buyback option at the end of the lease tenure.
Hi Abdul, I purchased a Rapid recently and instead of availing the discount of ~70k being offered at that time, asked them to work out a 3 year 0% interest loan instead.
Obviously, considering a Fabia (which is in your budget) is not a good idea now since it is being discontinued but perhaps you could ask other dealers to put out a similar deal on heavily discounted models (vista 90 for e.g.)
EDIT - this worked out because I was availing the loan from VW finance and not some bank.
Hi GTO, I am open for leasing. I still own a Leased Toyota Sienna in the US. Let me check out the thread and update if anything turns out fruitful.
Thanks for the pointer.
Quote:
Originally Posted by AbdulRahmanM
(Post 3169784)
Hi GTO, I am open for leasing. I still own a Leased Toyota Sienna in the US. Let me check out the thread and update if anything turns out fruitful.
Thanks for the pointer. |
Hi Abdul,
Did you get anything similar to it, in India?
I am in same dilemma and I would go for used car of-course (without interest) in-case of no choice.
I didnt get any offers like that still
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