Discounts on cars till December 31

Contrary to news of hike in car prices, car buyers can avail discounts of Rs 5,000 to Rs 60,000 till December 31. According to dealers, the car companies want to clear the stock of cars by January 15, 2010 as fresh stock will come to dealers by the mid-January, hence the discounts. But the discounts are not offered for popular cars in India. As per a car dealer, Honda Civic, Honda City, Hyundai i10 and Hyundai Santro have a Rs 35,000 discount while Skoda Laura Ambiente, petrol version, can be availed at Rs 12 lakh (Thane, non-octroi) as against ex-showroom price of Rs 12.75 lakh. Similarly, Maruti Wagon R is available at a discount of Rs 30,000. On the other hand, some cars are having discounts in packages like Chevrolet Spark which comes at a discount of Rs 47,000 including a free maintenance worth Rs 13000 and a double DIN Kenwood stereo worth Rs 11000. Mahindra Logan and other car models can be exchanged for old car models and one can save Rs 10,000 on the same. There is also a good news for those who are looking for car loans. A good number of auto companies are offering lower monthly installments and lower down-payments. For example, Toyota Innova can be owned at an EMI of Rs 14225 and a lower down-payment of Rs 38500. And for those who are looking for a new car, two smart cars are to be launched in the Indian car market very soon. These cars are Volkswagen Polo and Ford Figo.

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