Here is another attractive scheme for new car buyers. Japanese car maker, Nissan, has introduced their new ‘Lower than lowest’ EMI scheme applicable on the Micra hatchback and diesel variants of the Sunny mid-size sedan.
Designed to reduce the EMI outflow of customers by 40 per cent, the ‘lower than lowest’ EMI scheme requires customers to make a downpayment of 34 per cent of the on-road price of the new Micra/Sunny diesel or exchange their old car with an additional Rs 50,000 exchange bonus over the old car’s valuation, after which monthly EMIs of Rs 8,999 can be made. The EMIs are payable over a three-year period.
Customers can pay the Rs 8,999 EMI for 35 months and the last EMI for the 36th month can be customised to accommodate a larger amount, which is the remaining difference for the price of the car.
Speaking on the offer, Nitish Tipnis, Director - Sales & Marketing, Hover Automotive India (National Sales Company for Nissan India) said, “Our lowest EMI Scheme offered last month was a huge success and reflected the sentiments of the customers, so we further enhanced the value proposition to make it more exciting and affordable.
Nissan has tied up with automobile financiers such as HDFC, Tata Capital, ICICI Bank and Kotak Mahindra Bank for its lower than the lowest EMI scheme.
The lower than lowest EMI scheme from Nissan is indeed a very attractive proposition for new car buyers with the affordable Rs 8,999 EMI. No doubt this is an initiative to boost sales and clear inventories in a market where car sales are taking a serious beating. But if the initiatives are this good, then this sure is a way for car makers to redeem themselves.
Nissan’s lower than lowest EMI offer is valid till April 30, 2013 and can be availed at all Nissan dealerships throughout the country.