The remaining week of this year is a prospective one for driving a car of your choice with the heavy discounts labeled on it. Be it Maruti Wagon R, Omni, Swift and SX4, Hyundai i10, Santro Xing, Skoda’sFabia, Chevrolet Spark and Aveo U-VA. The car carries lot of other incentives (apart from discounts from Rs5000-Rs60000) lower down payment, free one year maintenance and insurance coverage for Re1. Skoda Laura Ambience (petrol) is less by Rs75000 from its Rs12.75lakh; a whooping Rs35000 is offered for Honda City, Honda Civic, Hyundai i10 and Santro. Martui Wagon R offers Rs30000 reduction.
A package oriented offer is coming for cars like Chevrolet Spark containing a discount Rs47000, maintenance cost worth Rs13000, a double DIN Kenwood stereo worth Rs11000 and a central locking worth Rs3000. Mahindra Logan offers an additional Rs10000 for exchange offer (but for the models of 2009 only). According to a dealer VM Motors, the discounts offered by car manufacturers is behind the idea of clearing the stocks of 2009, to receive fresh stocks of 2010 by January 15. The local dealers are arranging for car loans on EMIs for customers who have intention and but don’t have money.
For Toyota Innova the lower down payment is Rs38500 or EMI of Rs14225 and the offer is valid till December 31 2009. However, these sort of offers may not cover popular or premium brands since such cars have brought in long waiting. Already some car makers have exhausted the 2009 stock and such cars may not offer any deal. Industry analysts warn that the discounts should be taken seriously and customers shall be wary of depreciation in 2010.