A very promising way of attracting car buyers is to offer them good EMI schemes, and the Japanese car makers have done just that.
The Lower than Lowest EMI scheme slashes EMI outflow of buyers by as much as 40%. The offer is applicable only to Nissan Micra hatchback (petrol and diesel) and only diesel variants of Nissan Sunny (mid size sedan). Details of the scheme are as follows:
Customer needs to make down payment of 34% of the on-road of the car (Nissan Micra or Sunny) OR exchange their old car with an additional Rs 50,000 exchange bonus over the old car’s valuation. Monthly EMIs of Rs 8,999 then have to be made which are payable over a period of three years.
Also the customer can pay the monthly EMIs for 35 months and the 36th EMI can be made to accommodate a larger amount equal to remaining price difference of the car.
Nissan has tied up with ICICI Bank, HDFC bank, Tata Capital and Kotak Mahindra Bank for the Lower than Lowest EMI Scheme offer.
The scheme is valid till April 30, 2013 and can be availed in any Nissan dealership across the country.